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EQUITY CROWDFUNDING

On 31 December 2018, the Financial Services Authority (“OJK”) issued OJK Regulation No. 37/ POJK.04/2018 on Equity Crowdfunding Services through an  Information Technology (Equity Crowdfunding) (“POJK 37/2018“). With an Equity Qrowdfunding services through an Information Technology (“Equity Crowdfunding”), early stage company is expected to contribute to the national economy by obtaining alternative funding based on…
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Guidelines and Procedures for Licensing and Investment Facilities

Background Indonesia Investment Coordinating Board (“BKPM”) issued a new regulation namely the Investment Coordinating Board Regulation No. 13 of 2017 on Guidelines and Procedures for Licensing and Investment Facilities ("PERBKPM"), which entered into force on 2 January 2018. This Regulation aims to accelerate the implementation of the business as stipulated in Presidential Regulation no. 91…
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Classification of Shares in a Limited Liability Company

Based on the provision above, it can be stated that shares are an indivisible unit of capital, expressing the contractual relationship between the Company and the shareholder. According to Article 7 paragraph (2) Company Law, each founder of a Company must subscribe shares at the time the company is established. Clasification of Shares and The Rights  Attached to It.…
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Deed of Establishment of a Company

  Background In establishing a Limited Liability Company (the “Company”), the Company shall have deed of establishment to obtain the status of legal entity from the Minister of Law and Human Rights (“Minister”). Overview of Deed of Establishment According to article 7 of Law Number 40 of 2007 on Limited Liability Company (“Company Law”), the…
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