Shareholders play a crucial role in a Thai limited company. They are the owners of the company and hold shares representing their ownership interest. Here are the key roles and responsibilities of shareholders in a Thai limited company:
- Ownership and Control: Shareholders have ownership rights in the company based on the number and type of shares they hold. They have the power to influence and participate in major decision-making processes, such as electing directors, approving company policies, and making significant changes to the company’s structure or operations.
- Voting Rights: Shareholders generally have voting rights in proportion to their shareholding. They have the right to attend and vote at general meetings, where important matters are discussed and decisions are made. The voting power of each shareholder is determined by the number of shares they hold.
- Dividends and Profit Sharing: Shareholders are entitled to receive dividends or a portion of the company’s profits, subject to the company’s financial performance and the decision of the board of directors. Dividends are typically distributed in proportion to the shareholder’s ownership stake.
- Information Rights: Shareholders have the right to receive timely and accurate information about the company’s financial position, performance, and major events. They are entitled to review financial statements, annual reports, and other important company documents to stay informed about the company’s affairs.
- Share Transfer: Shareholders have the ability to transfer or sell their shares, subject to any restrictions outlined in the company’s articles of association or relevant laws. The transfer of shares may require compliance with certain procedures, such as notifying the company and obtaining necessary approvals.
- Liability: Shareholders’ liability in a Thai limited company is generally limited to the extent of their capital contribution or the value of their shares. They are not personally liable for the company’s debts or obligations beyond their shareholding, except in certain exceptional cases where shareholders may be held liable for specific actions or wrongdoing.
It’s important for shareholders to actively participate in the affairs of the company, exercise their rights responsibly, and fulfill their obligations as outlined in the company’s governing documents and relevant laws.