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Category Archives: Shareholder

Material Rights over Shares

Share Share is an evidence of deposit of capital in a company. It is reflected on the definition of Limited Liability Company on Article 1 number 1 Law of Republic of Indonesia Number 40 of 2007 on the Limited Liability Company (“Company Law”) that states “Limited Liability Company (hereinafter called a Company) means a legal…
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Transfer of Right of Shares

Companies’ authorized capital is divided into shares. Shares is a moveable goods which give rights to the owner to attend and to vote in the General Meeting of Shareholders (“GMS”), to receive the payment of dividends and the  remaining asset as the result of liquidation, and also to perform other rights as set out under…
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General Meeting of Shareholder (Part I)

Meanly of GMS UnderLaw Number 40 of 2007 on Limited Liability Company (“Company Law“), in Article 1 number 4, General Meeting of Shareholder, hereinafter called the GMS means the Company Organ which has authority that is not given to the Board of Directors or the Board of Commissioner within limits specified in this Company Law…
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Extraordinary General Meeting of Shareholders

The regulation on Extraordinary General Meeting of Shareholders ("EGMS") is set forth in Chapter VI Article 78 paragraph (1) and Article 78 paragraph (4) of Law Number 40 of 2007 on Limited Liability Company ("Company Law”). Article 78 paragraph (1) states that: "General Meeting of Shareholders ("GMS") consists of the annual GMS and other GMS."…
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Classification of Shares in Limited Liability Companies

Share is a proof that shareholders have conducted a full deposit of capital in Limited Liability Companies (“Company”). Shares in Company are classified based on similar characteristics, it is called classification of shares. Article 53 paragraph (1) of Law Number 40 of 2007 on Limited Liability Companies (“Company Law”) states that the Articles of Association…
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Prohibition of Shares Issuance to be Owned by Companies

Article 36 paragraph (1) of Law Number 40 of 2007 on Limited Liability Companies (“Company Law”) regulates that, Limited Liability Companies (“Company”) are prohibited from issuing shares to be owned by the Company itself or by some other Company whose shares are already directly or indirectly owned by the Company. In principle, the issuance of…
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