Category Archives: Shareholder

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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Responsibility of Limited Liability Companies’ Shareholder

The regulation of Limited Liability Companies is regulated under the Law No. 40 of 2007 (“Company Law”). The Company Law determines provision of the responsibility of company’s shareholder According to Article 3 (1) of Company Law, the shareholder of Limited Liability Companies (“Company”) are not personally liable for legal relationships entered into on behalf of…
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Shareholder Register and Special Register

In Indonesia, regulations concerning Limited Liability Companies are stipulated under the Law Number 40 of 2007 on Limited Liability Companies (“Company Law”), which replacing Law Number 1 of 1995 Concerning Limited Liability Companies. Inside Company law, there are regulations of register of shareholder. According to Article 50 paragraph (1), Companies’ Board of Directors shall make…
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