Month: December 2019

Company Liquidation Process in Indonesia

“During the liquidation process, the Company will not allowed to conduct any legal action, except if it is required to settle all of the Company’s business limitedly only for the purpose of liquidation process.” Indonesia is known as one of Asia’s most attractive emerging markets and investment target (source: Many investors have established their […]

Electronic Licensing in the Financial Services Sector

“Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued Regulation No. 26/POJK.01/2019 concerning Electronic Licensing within the Financial Services Sector (“POJK 26/2019”) on 28 October 2019 to undergo the licensing process electronically through an integrated licensing portal.” Prior to electronic licensing, the licensing procedure for financial services was conducted differently for each type of […]

General Meeting of Shareholders in a PT (Limited Liability Company)

“As one of the important organs in the Limited Liability Company (a PT/Perseroan Terbatas), Law No.40 of 2007 concerning Limited Liability Company (“UU PT”) regulates the authority, the requirement and procedure also the clause about circular resolution.” Limited Liability Company in Indonesia has three different important organs that operate its functions; Board of Directors, Board […]