“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 […]
Author: Yohana Veronica Tanjung “While a merger may benefit companies from the business perspective, a merger is legally acknowledged as a reason for termination of employment, which may entail an obligation to preserve the financial entitlements of the employees.” According to Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Law No. 6 […]
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