Monthly Archives: August 2016

Merger of Limited Liability Company

Under Article 1 number 9 of Law Number 40 of 2007 on Limited Liability Company (“Company Law”) merger means a legal action which is taken by one or more companies to merge with another existing company with the result that the assets and the liabilities of the merging company is transferred by the law to…
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Transfer of Right of Shares

Companies’ authorized capital is divided into shares. Shares is a moveable goods which give rights to the owner to attend and to vote in the General Meeting of Shareholders (“GMS”), to receive the payment of dividends and the  remaining asset as the result of liquidation, and also to perform other rights as set out under…
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