Category Archives: Company Regulation

Dividend Distribution Under the Company Law

The distribution of dividends in a Limited Liability Company ("Company") is regulated under Law Number 40 Year 2007 Concerning Limited Liability Company ("Company Law"). According to Company Law, all net profits after the deduction to be set aside as reserves shall be allocated to the shareholders as dividends unless determined otherwise in the General Meeting…
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The Implementation of Management Guidelines of the Public Company (Regulation of the Financial Services Authority Number 21 Year 2015)

Background Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November  2015 (“RFSA 21/2015”). RFSA 21/2015 regulates the management guidelines of public company of which implementation is conducted through comply or explain, which have not been regulated previously by law…
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The Establishment of Company Regulation

Provisions on company regulation is stipulated under Article 108 until Article 115 Law Number 13 of 2003 on Employment (“Law No.13/ 2003”) and Ministry of Manpower and Transmigration Regulation Number PER.16/MEN/XI/2011 on Procedures for the Establishment and Legalization of Company Regulation and Procedure for the Establishment and Registration of Collective Labor Agreement (“MOMTR 16/2011”). Article…
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