news & insights - Gaffar & Co. Law

Investment Activity Report (LKPM)

June 20, 2023

Investment Activity Report (LKPM) is an obligation for every business actor. Reporting on investment activities is divided based on the scale of the business which is every 6 months for small business actors, every 3 months for medium and large business actors. Reporting on this activity is excluded for micro business actors, companies in the upstream business sector oil and gas, banking, non-bank financial institutions, and insurance. Investment Activity Report

Annual GMS of Limited Liability Company (PT) in Indonesia

June 16, 2023

“According to Article 78 of UUPT, there are two kinds of GMS, which are annual GMS and other GMS. Each, have their own functions and criteria. Annual GMS needs to be held every year, at least 6 (six) months after the end of each financial year. The Board of Directors is obliged to hold an annual GMS.” According the Law Number 40 of 2007 on Limited Liability Company (“UU PT”),

Procedures of Beneficial Owner Reporting Duty

June 9, 2023

“Under the President Regulation No. 13 of 2018, every corporation is required to report its beneficial ownership information to the Ministry of Law and Human Rights. This reporting duty is conducted through the General Legal Administration (AHU) Online web portal system, which can be conducted by notary, founder or management of the company, or any other person authorized by the company.” According to President Regulation No. 13 of 2018 on

Overview of Beneficial Owner Reporting Duty

May 25, 2023

“Companies are under the obligation to report Beneficial Owner information to the Ministry of Law and Human Rights at the time of establishment and at the time of any change of Beneficial Owner information. While the sanctions of incompliance have not been regulated clearly, based on practical experience, if corporation does not conduct Beneficial Owner reporting duty, then the Ministry of Law and Human Rights will impose administrative sanction in

Industrial Relations Dispute Settlement in Indonesia

May 22, 2023

Industrial relations disputes are differences of opinion that result in conflict between employers or a combination of employers and workers/labor unions. These disputes are due to disputes regarding rights, disputes over interests, disputes over the termination of employment, and disputes between unions within one company. There are mediums to resolve industrial relations disputes can be through bipartite, tripartite efforts, and lawsuits to the industrial relations court. Overview of Manpower Disputes

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Investment Activity Report (LKPM)

Annual GMS of Limited Liability Company (PT) in Indonesia

Procedures of Beneficial Owner Reporting Duty

Overview of Beneficial Owner Reporting Duty

Industrial Relations Dispute Settlement in Indonesia