Section 1224
Statutory text (Thai original)
บริษัทจำกัดจะลดทุนของบริษัทลงด้วยลดมูลค่าแต่ละหุ้น ๆ ให้ต่ำลง หรือลดจำนวนหุ้นให้น้อยลงโดยมติพิเศษของประชุมผู้ถือหุ้นก็ได้
Verbatim from the Royal Gazette / Office of the Council of State
English translation
A limited company may, by special resolution, reduce its capital either by lowering the amount of each share or by reducing the number of shares.
This English translation is provided for reference only and has not yet been firm-verified. Always rely on the Thai original.
Firm annotation
Section 1224 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 3 Supreme Court decisions (2000 to 2023)
Selected citing decisions
- Decision 4461/2543 (2000)
- Decision 1509/2566 (2023)
- Decision 1507/2566 (2023)
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. How we count these, and what we measured
Related guides on ThaiLawOnline
Cite this section
-
Plain citation
Civil and Commercial Code, s. 1224 (Thailand) -
Academic citation
Civil and Commercial Code (Thailand), s. 1224. ThaiLawOnline, https://www.thailawonline.com/thai-civil-code/section-1224/ (accessed 28 August 2026). -
Thai citation
ป.พ.พ. มาตรา 1224 -
Permalink
https://www.thailawonline.com/thai-civil-code/section-1224/ -
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<blockquote cite="https://www.thailawonline.com/thai-civil-code/section-1224/"><p>A limited company may, by special resolution, reduce its capital either by lowering the amount of each share or by reducing the number of shares.</p><footer>Civil and Commercial Code, s. 1224 (Thailand): <a href="https://www.thailawonline.com/thai-civil-code/section-1224/">ThaiLawOnline</a></footer></blockquote>
The Thai text is authoritative. The English is an unofficial translation by ThaiLawOnline, free to reuse with attribution.