Legal Measures for Controlling a Limited Company by a Single Owner

Abstract

This research is a qualitative research with the objective of studying concepts and the theory of controlling a limited company by a single owner and to study the laws of a limited company by a single owner, Act, by to compare between the law provisions of Thailand and foreign countries as well as suggesting amendments to the laws relating to a limited company by a single owner to be appropriate and able to enact laws regarding single owner of limited companies. In this study, it are documentary research by collecting data from academic articles, books, textbooks, journals, and information obtained from the internet or website, including theses and relevant laws both Thai and foreign’ s. The result of the research shows that a limited company by a single owner has a special characteristic in which the shareholder is the sole member of company and such shareholder may be the manager of the company too. For management of a single manager, there is only one right action that should have legal measures to control the management of a limited company by a single owner, including the specification of a single manager establishing measures for the preparation of legal acts, contracts of single managers made with the company or requirements in cases where managers have interests in the company and maintaining capital and assets of the company and issuing measures to control the management of a single member limited company in an appropriate manner, etc.