Category Archives: Limited Liability Companies as a Legal Entity

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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Limited Liability Companies as a Legal Entity which is Established Under the Agreement

Definition of Limited Liability Companies according Article 1 paragraph 1 of Law Number 40 of Year 2007 (“Company Law”), stated:   “Limited Liability Company” hereinafter called a (“Company”) means a legal entity which constitutes an alliance of capital established pursuant to a contract in order to carry on business activities with an authorized capital all…
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