Tag: PT

Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off

Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off Rights of Minority Shareholders in Merger, Acquisition, Consolidation, and Spin-off

“ Although Company Law does not define the definition of Minority Shareholders, however in practice, Minority Shareholders are Shareholders who do not own a large number of shares in a Limited Liability Company.” Shareholders are one of the main elements in a Limited Liability Company. Shareholders have rights, obligations and interests that are protected in […]

Procedures of Beneficial Owner Reporting Duty

Procedures of Beneficial Owner Reporting Duty Procedures of Beneficial Owner Reporting Duty

“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 […]

Overview of Beneficial Owner Reporting Duty

Overview of Beneficial Owner Reporting Duty Overview of Beneficial Owner Reporting Duty

“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 […]

FUNDAMENTAL ASPECTS RELATED TO THE ESTABLISHMENT OF CONSTRUCTION COMPANY IN INDONESIA

FUNDAMENTAL ASPECTS RELATED TO THE ESTABLISHMENT OF CONSTRUCTION COMPANY IN INDONESIA Fundamental Aspects Related to the Establishment of Construction Company in Indonesia

“Based on the currently prevailing laws of Indonesia, licenses which are required to be obtained by construction companies in Indonesia have been modified, and the procedure of obtaining such licenses has been changed accordingly.” Overview of Company Establishment in Indonesia The abolishment of Law No. 11 of 2020 concerning Job Creation (“UUCK”) which has been […]

Capital Requirements for Establishment of Limited Liability Company in Indonesia

Capital Requirements for Establishment of Limited Liability Company in Indonesia Capital Requirements for Establishment of Limited Liability Company in Indonesia

Based on Article 41 of Law No 40 of 2007 concerning on Limited Liability Company (”Company Law”), Perseroan Terbatas or Limited Liability Company (“PT”) capital is authorized capital, issued capital, and paid-up capital. Whereas, authorized capital is the target amount of capital which is intended to be fulfilled by the PT. On the other hand, […]