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The Implementation of Management Guidelines of the Public Company (Regulation of the Financial Services Authority Number 21 Year 2015)

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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Corporate Social Responsibility by Limited Liability Companies

Corporate Social Responsibility (“CSR”) in Bahasa is known as tanggung jawab sosial perusahaan. Chapter V of Article 74 of the Law Number 40 of 2007 on Limited Liability Companies (“Company Law”) regulates on Social and Environmental Responsibilities, where Companies which perform its business activities in sectors of and/or related to natural resources are required to…
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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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Pledge of Shares

Law Number 40 of 2007 on Limited Liability Company ("Company Law") only recognizes the classification of registered shares. However, Article 53 paragraph (1), (2) and (3) of Company Law states that, the Articles of Association may determine more than one classification of shares. If there is more than one classification of shares, then the Articles…
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