Monthly Archives: August 2016

General Meeting of Shareholders (Part II)

Participant, quorum, and decision making in GMS Each issued share shall carry one vote, unless the articles of association determines otherwise. Shareholders either by their own or represented based on a power of attorney are entitled to attend the meeting and become the participants of GMS and to use their vote according to the number…
Read more

General Meeting of Shareholder (Part I)

Meanly of GMS UnderLaw Number 40 of 2007 on Limited Liability Company (“Company Law“), in Article 1 number 4, General Meeting of Shareholder, hereinafter called the GMS means the Company Organ which has authority that is not given to the Board of Directors or the Board of Commissioner within limits specified in this Company Law…
Read more

Dissolution of The Limited Liability Company

Under Article 142 paragraph (1) of Law Number 40 of 2007 on Limited Liability Company (“Company Law“), dissolution of the limited liability company shall occur: a. based on a General Meeting of Shareholders’ resolution (“GMS”); b. Because the period of incorporation determined in the articles of association has expired; c. based on a court determination;…
Read more