Category Archives: Consolidation of Limited Liability Company

Privatization of A State Owned Limited Liability Company

Definition of Privatization What is privatization? According to Law Number 19 year 2003 concerning State Owned Companies (“UU BUMN”), privatization is the selling of shares belonging to a state owned company in a limited liability company with at least 51% (fifty one percent) of its shares owned by the Republic of Indonesia (“Company”), the remaining…
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Classification of Shares in a Limited Liability Company

The regulation that governs the Limited Liability Company is in the Law of the Republic of Indonesia Number 40 of 2007 concerning Limited Liability Company (“Company Law”). According to Article 1 number 1 Company Law, a Limited Liability Company, hereinafter referred to as Company, means a legal entity which constitutes an alliance of capital established…
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Consolidation of Limited Liability Company

Article 1 paragraph (10) of Law Number 40 of 2007 on Limited Liability Company (“Company Law”), regulates a definition of consolidation, as follows: “Consolidation means a legal action taken by two or more Companies to consolidate themselves by means of establishing a new Company which by operation law obtains the assets and liabilities of the…
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