Filing financial statements and shareholders’ list
Keywords: Mazars, Thailand, Legal, DBD, BOJ5, Financial statements, COVID-19
23 March 2021
Entities | Timeframe | Penalties | ||||
Arrangement of the AGM to approve the FS | Submission | Late arrangement of the AGM | Late submission | |||
BOJ 5 | FS | BOJ 5 | FS | |||
Foreign legal entities | X | X | / Within 5 months of the fiscal year-end *By 31 May 2021 | X | X | / Not over 50,000 baht |
Thai limited companies | / Within 4 months of the fiscal year-end *By 30 April 2021 | / Within 14 days of the shareholders’ meeting *By 14 May 2021 | / Within 1 month of the shareholders’ meeting *By 31 May 2021 | / Not over 20,000 baht | / Not over 10,000 baht | / Not over 50,000 baht |
“AGM” – Annual General Meeting of Shareholders X – not applicable / – required |
Due to the disruption of business from the COVID-19 outbreak, if a Thai limited company cannot arrange for a Board of Directors Meeting and Shareholders’ Meeting to be held in person, the company can arrange for meetings to be held through electronic devices, on the condition that the e-meetings meet the criteria set out by the Emergency Decree regarding e-meetings, 2563 B.E. (2020).
For more details on e-meetings, refer to the Mazars’ article here.
Reference: DBD’s website