Section 1225
Statutory text (Thai original)
อันทุนของบริษัทนั้นจะลดลงไปให้ถึงต่ำกว่าจำนวนหนึ่งในสี่ของทุนทั้งหมดหาได้ไม่
Verbatim from the Royal Gazette / Office of the Council of State
English translation
The capital of the company may not be reduced to less than one-fourth of its total amounts. ection 1226 * When a company proposes to reduce its capital, it must publish once at least in a local paper and send to all creditors known to the company a notice of the particulars of the proposed reduction, requiring the creditors to present w ithin thirty days from the date of such notice any objection they may have to such reduction. If no objection is raised within the period of thirty days, none is deemed to exist. If an objection is raised, the company cannot proceed with the reduction of its capital unless it has satisfied t he claim or given security for it.
ThaiLawOnline translation, written from the Thai original and verified
Firm annotation
Section 1225 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. The English translation is ThaiLawOnline's own, written from the Thai original and verified against it. Always rely on the Thai original for legal proceedings.