In order to implement the terms of Government Regulation Number 52 of 2012 on Business Certification in Tourism Sector (“GR 52/2012”), the Minister of Tourism setsthe Minister of Tourism and Creative Economic Regulation Number 1 of 2014 on Implementation of Certification of Tourism Business (“Minister Regulation 1/2014”).Under Article 1 number 2 of Minister Regulation 1/2014,…
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Annual Business Plan on Limited Liability Company
Annual Business Plan on Limited Liability Company (“Business Plan”) is regulated under Chapter 4 of Law No.40 of 2007 on Limited Liability Company (“Company Law”). Under Article 63 of the Company Law, the board of directors shall prepare the Business Plan prior to the commencement of the upcoming accounting year. This Business Plan contains annual…
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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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