What are the procedures for dissolution of the company?

When the entity has agreed to liquidate or close in order to proceed in accordance with the law Therefore, there are important steps as follows:

1. Registration of dissolution of a limited company

upon dissolution of the company But the company still has to stay for liquidation. In case of bankruptcy dissolution, a liquidator must be appointed. The process of dissolution of the company is as follows:

- Preparation of the invitation letter for the Extraordinary General Meeting of Shareholders to have a special resolution on dissolution of the company

- In passing a special resolution, there must be a vote of not less than three-fourths of the total number of votes of shareholders attending the meeting and having the right to vote.

- Make an announcement in a newspaper at least 1 time and prepare a written notice to the creditors of the company within 14 days from the date of resolution to dissolve the company.

- Entrepreneurs submit a registration for the dissolution of the company with the Department of Business Development within 14 days from the date of resolution of the dissolution of the company. which can be submitted both in person and online

Documents used for registration of dissolution

- Application form for registration of dissolution (Lor Chor. 1)

- Dissolution registration list with signatures of all liquidators (Lor Chor. 2)

- A copy of the court order to dissolve the company (in the event that the court issues an order to dissolve)

- A copy of the minutes of the general meeting of shareholders in which the shareholders who resolve to appoint a liquidator or determine the power of a liquidator account is something else There are directors authorized to act on behalf of the company as registered before the dissolution of the company. Sign to certify the correctness

- Map showing the location of the liquidator's office and nearby landmarks briefly

- A copy of the death certificate (used in case of deceased director)

- Copies of identification cards of all liquidators

- A copy of the evidence of being a certified signature (if any)

- power of attorney (In case the person applying for registration is unable to apply by himself Able to authorize other people to act on their behalf by making a power of attorney and affixing a duty stamp of 10 baht)

2. Preparation of financial statements and submitting complete tax forms

when the process of registration has been terminated Entrepreneurs must prepare financial statements and complete various tax forms and have auditors to certify financial statements as well. By following the steps as follows:

- The company's bookkeeper must prepare financial statements on the date of dissolution. And there is an auditor to check and certify the accuracy.

- Submit the corporate income tax return (Por Ngor Dor 50) together with the financial statements within 150 days from the date of dissolution of business.

- Submit the withholding tax return to the Revenue Department within the 7th day of the month following the date of dissolution, such as accounting service fees, audit fees, etc.

- Businesses registered for VAT must submit a P.P.30 form to the Revenue Department. to receive a letter to scratch the name of the taxpayer's identification number from the Revenue Department

- Businesses that are subject to specific business tax remittances must file a Ph.Phor.40 form by the 15th day of the following month. from the date of dissolution

3. Notification of termination of VAT registration

In the case of a VAT registrant must be notified within 15 days from the date of dissolution of business

Documents used for notification of termination of VAT registration

- Form P.P.09, 4 copies

- Company affidavit (dissolution of business)

- Copies of identification cards of all liquidators

- PP.01, PP.01.1, PP.09 and the real PP.20

- Letter explaining reasons for dissolution

- Power of Attorney and identification card of the authorized person (In the case of authorization to others to proceed)

- PND. 50 on the date of business dissolution

- Financial statements as of the date of dissolution

- Map showing the location of the company's office

- Por Por Por 30 and retrospective receipts

- Copy of house registration of every liquidator

- PND. 50, PND. 51 and past financial statements

when finished The business will receive a letter of taxpayer identification number. from the Revenue Department

4. Liquidation

After the business submits financial statements on the date of dissolution Let the auditor check and certify that it is correct. In order to settle the account, the steps are as follows:

- Issuing a meeting invitation letter To confirm the liquidator and approve the financial statements

- The liquidator calls for shareholders to pay for their shares. If there is any remaining money, the capital must be returned to the shareholders in proportion to their holdings.

- Issuing a meeting invitation letter to approve the settlement report

- Meeting of shareholders to approve the liquidation report

- The liquidator must prepare an application for registration of liquidation and submit a registration to the registrar within 14 days from the date of resolution approving the liquidation report.

Documents used for registration of liquidation

- Application form for registration of dissolution (Lor Chor. 1)

- List of completed registration of liquidation (Lor Chor. 5)

- Liquidation Report (Lor Chor. 3)

- Financial statements as of the date of company dissolution (or financial statements as of the date the registrar accepts the registration of dissolution)

- Details of all account books and documents (Lor Chor. 6)

- Certificate of Auditing from the Revenue Department

- A copy of the liquidator's identification card that is signed in the registration application.

- A copy of the evidence of being a certified signature (if any)

- power of attorney (In the case of authorization to others to proceed)

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