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Legalization of E-Meetings

The Emergency Decree B.E. 2563 (A.D. 2020) on E-Meetings which came into force on April 19, 2020, replaces the former National Council for Peace and Order No. 74/2557 (A.D. 2014) (“NCPO”) and legalizes the prior e-meetings under the said former NPKO order, and the new ones of both the public and private sectors, excluding those of the parliament, the courts of justice and the government’s procurement offices.

The E-Meeting such as directors and/or shareholders meeting of the SMEs or the PLCs can thus be arranged in the form of E-Meetings to which certain procedural and regulatory compliance shall be adhered.  Once all legal requirements are met, the minutes of such meetings (Electronics Data) shall be deemed as legal evidences in all legal hearings of the courts.

In the meantime, the Department of Business Development head, on March 4, 2020, issued a notification allowing the juristic entities to convene the general shareholders meeting and deliver the balance sheet any time after post COVID-19 intervention.  Please be advised to prepare the audited balance sheet as of December 31, 2019 at your earliest convenience and proceed to publish the notice and organize the shareholders meeting within reasonable time.