Section 1105
Statutory text (Thai original)
อันหุ้นนั้น ท่านห้ามมิให้ออกโดยราคาต่ำไปกว่ามูลค่าของหุ้นที่ตั้งไว้การออกหุ้นโดยราคาสูงกว่ามูลค่าของหุ้นที่ตั้งไว้นั้น หากว่าหนังสือบริคณห์สนธิให้อำนาจไว้ ก็ให้ออกได้ และในกรณีเช่นนั้น ต้องส่งใช้จำนวนที่ล้ำมูลค่าพร้อมกันไปกับการส่งใช้เงินคราวแรกอนึ่ง เงินส่งใช้ค่าหุ้นคราวแรกนั้น ต้องมิให้น้อยกว่าร้อยละยี่สิบห้าแห่งมูลค่าของหุ้นที่ตั้งไว้
Verbatim from the Royal Gazette / Office of the Council of State
English translation
Shares may not be issued at a lower price than their nominal amount. The issue of shares at a higher price than their nominal amount is permissible, if sanctioned by the memorandum. In such case the excess amount must be paid together with the first payment. The first payment on the shares must not be less than twenty-five per cent of their nominal amount.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1105 is part of Book 3 (Specific Contracts) of the Thai Civil and Commercial Code. This entry is awaiting firm-authored commentary; the statutory text above is verbatim from the Office of the Council of State (OCS Krisdika) Thai source, with the English translation from the FAO/UN FAOLEX repository. Always rely on the Thai original for legal proceedings.
Cited in 2 Supreme Court decisions (1948 to 2014)
Selected citing decisions
- Decision 5812/2557 (2014)
- Decision 607/2491 (1948)
This list is selected automatically, weighted towards judgments that turn on this section rather than ones that merely recite it when passing sentence. It has not yet been reviewed by the firm.
Counted across the firm's corpus of 83,652 Supreme Court decisions, 1921 to 2026. The count is complete; the stated year range trims rare outliers so it describes where the citations actually sit. These figures are computed by us and are not official court statistics.
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1105 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1105. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1105/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1105 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1105/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1105/"><p>Shares may not be issued at a lower price than their nominal amount. The issue of shares at a higher price than their nominal amount is permissible, if sanctioned by the memorandum. In such case the excess amount must be paid together with the first…</p><footer>Civil and Commercial Code, s. 1105 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-1105/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.