6 Things to Ensure after Incorporating Limited Company in Thailand
Did you get your limited company incorporated in Thailand or are you planning to do so? Though you will get plenty of information on how to incorporate a limited company, there will be hardly any talking about the things-to-do after.
However, this piece of information can be helpful for you;
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Check the Master Data of the Company
Once you receive the certificate of incorporation you must cross check to see if your company has been incorporated with all the correct details such authorized share capital, CIN, date of incorporation, paid-up share capital, registered office and status, etc. You can ask your lawyer about it and he will tell you.
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Intimated the Situation of Your Registered Office
Within 30 days from the incorporation, the situation of the registered office should be intimated to the registrar of companies. Also, this can be filed at the time of incorporation, provided the registered office will be the director’s house.
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Putting the Company’s Identity and Identity at Display
Right after the incorporation of the company, it is your responsibility to put the following on display;
- Company’s name
- Company’s registered office address
- Corporate Identity Number
- Website address
- Fax number, if any
- Telephone number and email ID
In fact, these details need to be printed in all the business letters and bill-heads plus in all other official publications.
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Appointing the Company’s Auditor
The company must appoint its very first auditor in the statutory meeting. However, this too needs to be done within 30 days from the incorporation of the company.
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Open Bank Account and Then Issue Shares to the Subscribers
You must allot and deliver the share certificates within 2 months right from the date of incorporation to the subscribers of MOA. It is advised to open a bank account with the help of the MOA, certificate of incorporation and AOA and then get the check from the subscriber.
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You Must File Audit Report and Financial Statements before the Due Date
A private limited company must file the balance sheet, auditor’s report, annual return and profit and loss account before the due date with the registrar of companies. Not complying with this provision may charge you with additional fee.
