Section 1202
Statutory text (Thai original)
ทุกคราวที่แจกเงินปันผล บริษัทต้องจัดสรรเงินไว้เป็นทุนสำรองอย่างน้อยหนึ่งในยี่สิบส่วนของจำนวนผลกำไรซึ่งบริษัททำมาหาได้จากกิจการของบริษัท จนกว่าทุนสำรองนั้นจะมีจำนวนถึงหนึ่งในสิบของจำนวนทุนของบริษัทหรือมากกว่านั้น แล้วแต่จะได้ตกลงกำหนดไว้ในข้อบังคับของบริษัทถ้าได้ออกหุ้นโดยคิดเอาราคาเกินกว่าที่ปรากฏในใบหุ้นเท่าใด จำนวนที่คิดเกินนี้ท่านให้บวกทบเข้าในทุนสำรองจนกว่าทุนสำรองจะมีจำนวนเท่าถึงที่กำหนดไว้ในวรรคก่อน
Verbatim from the Royal Gazette / Office of the Council of State
English translation
The company must appropriate to a reserve fund, at each distribution of dividend, at least one-twentieth of the profits arising from the business of the company, until the reserve fund reaches one-tenth part of the capital of the company or such higher proportion thereof as may be stipulated in the regulations of the company. If shares have been issued at a value higher than the face value, the excess must be added to the reserve fund until the latter has reached the amount mentioned in the foregoing paragraph.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1202 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 5 Supreme Court decisions (2005 to 2014)
Selected citing decisions
- Decision 5812/2557 (2014)
- 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
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Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1202 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1202. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1202/ (accessed 8 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1202 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1202/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1202/"><p>The company must appropriate to a reserve fund, at each distribution of dividend, at least one-twentieth of the profits arising from the business of the company, until the reserve fund reaches one-tenth part of the capital of the company or such higher proportion thereof as…</p><footer>Civil and Commercial Code, s. 1202 (Thailand) — <a href="https://www.thailawonline.com/thai-civil-code/section-1202/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.