Tag: Director

Director’s Role and Duties in Indonesia

Director’s Role and Duties in Indonesia Director’s Role and Duties in Indonesia

“In the dynamic business environment of Indonesia, a director plays a pivotal role in the future of a limited liability company. Directors are entrusted with significant responsibility in the governance and management of the company. Thus, directors must adhere to their duties and responsibilities.”  Regulated by Law No 40 Year 2007 on Limited Liability Companies […]

Annual GMS of Limited Liability Company (PT) in Indonesia

Annual GMS of Limited Liability Company (PT) in Indonesia Annual GMS of Limited Liability Company (PT) in Indonesia

“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 […]