“Upon the new regulation concerning the Investor ITAS, foreign investors must invest IDR 10 billion to have staying permit in Indonesia. It can possibly result in inadvertent acquisition process for companies.” In August 2023, the government of Indonesia has promulgated a new regulation in which it is stated that the requirements for a foreign investor […]
“ 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 […]
“The annual General Meeting of the Shareholders holds within 6 (six) months at the latest after the financial year ends.” Company certainly has many activities every year. Within the corporation there are also running organs such as the Board of Directors, Board of Commissioners, or Staff and there are also Shareholders of the Company. As […]
”Director must conduct and maintain the Shareholders Register Book, including recording the day and date of shares transfer, change ownership, and pledge of shares or fiduciary security that the provisions of the law have been registered.” Company establishment is required to have a minimum 2 (of two) shareholders that oblige to subscribe to shares reflected […]
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