lessphp fatal error: load error: failed to find /home/content/l/n/c/lnclawyer/html/indonesiacompanylaw/wp-content/themes/theme47781/bootstrap/less/bootstrap.lesslessphp fatal error: load error: failed to find /home/content/l/n/c/lnclawyer/html/indonesiacompanylaw/wp-content/themes/theme47781/style.less February, 2012 | Indonesiacompanylaw

Monthly Archives: August 2016

Increase of Capital

Background A Limited Liability Companies (“Company”) may gain their capital by increasing its capital, the process is performed based on General Meeting Shareholder’s (“GMS”) Resolution. According to Article 41 paragraph (2) of Law Number 40 of 2007 on Limited Liability Companies (“Company Law”), GMS may transfer authority to Board of Commissioners (“BOC”) for purposes of…
Read more

Prohibition of Shares Issuance to be Owned by Companies

Article 36 paragraph (1) of Law Number 40 of 2007 on Limited Liability Companies (“Company Law”) regulates that, Limited Liability Companies (“Company”) are prohibited from issuing shares to be owned by the Company itself or by some other Company whose shares are already directly or indirectly owned by the Company. In principle, the issuance of…
Read more

Legal Procedure of Acquisitions of Limited Liability Companies

Background Article 1 number 11 of Law Number  40 of 2007 on Limited Liability Companies (“Company Law”), regulates on the definition of acquisition as follows:   "Acquisition” means a legal act which is conducted by a legal entity or individual person for taking transfer of shares of a company which has effect of transferring control…
Read more