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Monthly Archives: August 2016

Responsibility of Limited Liability Companies’ Shareholder

The regulation of Limited Liability Companies is regulated under the Law No. 40 of 2007 (“Company Law”). The Company Law determines provision of the responsibility of company’s shareholder According to Article 3 (1) of Company Law, the shareholder of Limited Liability Companies (“Company”) are not personally liable for legal relationships entered into on behalf of…
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Inspection of Companies

Backgound According to Article 138 paragraph (1) Law Number 40 of 2007 on Limited Liability Companies (“Company Law”), Inspection toward a Company may be performed with the purpose of obtaining data or information regarding suspicion that a Company has committed acts which violate the law and are detrimental to shareholders or third parties; or if…
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Limited Liability Companies as a Legal Entity which is Established Under the Agreement

Definition of Limited Liability Companies according Article 1 paragraph 1 of Law Number 40 of Year 2007 (“Company Law”), stated:   “Limited Liability Company” hereinafter called a (“Company”) means a legal entity which constitutes an alliance of capital established pursuant to a contract in order to carry on business activities with an authorized capital all…
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