The Cabinet has opened the way for private companies to call a general meeting via online.

Ms. Tipanan Sirichana, deputy spokesman for the Prime Minister's Office, revealed that the Cabinet meeting approved two draft ministerial regulations under the Civil and Commercial Code to add options for private limited companies to call a general meeting via any other electronic media in addition to newspaper advertisements and having an intermediary appraise the purchase price of the dissenting shareholders' shares. or disagree with the merger In case the company has a special resolution to merge It comes into force from the day following the date of its publication in the Government Gazette.

The draft ministerial regulations prescribe that limited companies with share certificates are issued to bearers. (Anonymous shares) may advertise the general meeting notice in online media. In addition to newspaper advertisements Advertising in online media through publicly accessible websites such as the company's website or online newspaper website Calling a general meeting in online media must appear the message or document advertised in electronic media until the day of the general meeting.

In the event that the company has a special resolution to merge the company Must appoint an appraiser who is an intermediary to evaluate and determine the purchase price of minority shareholders who oppose/disapprove of the amalgamation. and determine the independence of the appraiser, for example, not being a person with an interest, free from prejudice to the appraiser Must be a licensed auditor Responsible for the appraisal of assets that have been authorized/approved/registered by the Association of Government Agencies. registered or in accordance with relevant laws, such as arbitration in the field of property valuation Property Valuation Court Specialist Property appraisal companies or main appraisers approved by the SEC - Thai News Agency

Source: Thai News Agency