FAQ - How to set up distribution company
Yes you can.
You can change the board of director and it can be done after the meeting with all the shareholders.
The procedure of changing the representative and the board of director:
1. Call for a meeting of shareholders by 1. sending a letter calling for a meeting via acknowledgement posting and 2. making an announcement in the local Thai news paper where your head office is. You have to do these two things 7 days prior to the meeting date. For example, if the announcement is posted in the local newspaper today (July 23) the meeting date will be on July 31.
1. A copy of Thai shareholders' bank books (1. bank account's name page and 2. detail pages showing the money movement in the accounts from the previous six months to the latest page). The accounts must have a higher amount of money than the amount of share cost the shareholders must pay.2. A copy of ID cards