Section 1201
Statutory text (Thai original)
ห้ามมิให้ประกาศอนุญาตเงินปันผล นอกจากโดยมติของที่ประชุมใหญ่กรรมการอาจจ่ายเงินปันผลระวางกาลให้แก่ผู้ถือหุ้นได้เป็นครั้งเป็นคราว ในเมื่อปรากฏแก่กรรมการว่าบริษัทมีกำไรสมควรพอที่จะทำเช่นนั้นห้ามมิให้จ่ายเงินปันผลจากเงินประเภทอื่นนอกจากเงินกำไร ถ้าหากบริษัทขาดทุน ห้ามมิให้จ่ายเงินปันผลจนกว่าจะได้แก้ไขให้หายขาดทุนเช่นนั้นการจ่ายเงินปันผลนั้นให้ดำเนินการให้แล้วเสร็จภายในหนึ่งเดือนนับแต่วันที่ที่ประชุมใหญ่หรือกรรมการลงมติ แล้วแต่กรณี
Verbatim from the Royal Gazette / Office of the Council of State
English translation
No dividend may be declared except by a resolution passed in a general meeting. The directors may from time to time pay to the shareholders such interim dividends as appeared to the directors to be justified by the profits of the company. No dividend shall be paid otherwise than out of profits. If the company has incurred losses, no dividend may be paid unless such losses have been made good.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1201 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 8 Supreme Court decisions (1954 to 2016)
Selected citing decisions
- Decision 988/2559 (2016)
- Decision 3402/2548 (2005)
- Decision 461/2497 (1954)
- Decision 949/2509 (1966)
- Decision 3452/2548 (2005)
- Decision 3453/2548 (2005)
- Decision 112/2549 (2006)
- Decision 3450/2548 (2005)
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.
Most often cited alongside
Sections that appear in the same judgments as this one most often. The figure is the number of decisions.
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. How we count these, and what we measured
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1201 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1201. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1201/ (accessed 28 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1201 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1201/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1201/"><p>No dividend may be declared except by a resolution passed in a general meeting. The directors may from time to time pay to the shareholders such interim dividends as appeared to the directors to be justified by the profits of the company. No dividend shall…</p><footer>Civil and Commercial Code, s. 1201 (Thailand): <a href="https://www.thailawonline.com/thai-civil-code/section-1201/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.