The military has said it is neutral in the conflict but Army commander Gen. Prayuth Chan-ocha has urged the police not to use force.
“There was no negotiation during this meeting,” Suthep said. If Yingluck “listens to the people's voices and returns the power to the people obediently, we will treat Yingluck Shinawatra with politeness because we all are good citizens.”
Yingluck's government has gone to painstaking lengths to avoid using deadly force.
The French Embassy issued one of the strongest warnings of dozens of foreign governments, urging citizens to “stay inside” to avoid the conflict on Bangkok's streets. The French School is located in a northeastern Bangkok neighbourhood where gunshots rang out over the weekend during clashes between Yingluck's supporters and opponents.
It was one of at least 60 schools closed in Bangkok on Monday.
Political instability has plagued Thailand since the military ousted Yingluck's brother, Thaksin Shinawatra, in a 2006 coup.
Two years later, anti-Thaksin protesters occupied Bangkok's two airports for a week after taking over the prime minister's office for three months, and in 2010 pro-Thaksin protesters occupied downtown Bangkok for weeks in a standoff that ended with parts of the city in flames and more than 90 dead.
Suthep and his supporters say Yingluck is a puppet of her brother.
Any further deterioration is likely to scare away investors as well as tourists who come to Thailand by the millions and contribute 10 percent to the $602 billion economy, Southeast Asia's second largest after Indonesia. It is also likely to undermine Thailand's democracy, which had built up in fits and starts interrupted by coups.
Most of the protesters are middle-class Bangkok residents who have been part of the anti-Thaksin movement for several years and people brought in from the opposition Democrat Party strongholds in the southern provinces.