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Indonesia Law – The Latest Government Regulation on the Authorized Capital Amendment of Limited Liability Company

Indonesia Law – The Latest Government Regulation on the Authorized Capital Amendment of Limited Liability Company
Background On 14 July 2016, Government has issued the Government Regulation No. 29 of 2016 on Authorized Capital of Limited Liability Company Amendment (“PP 29/2016”). PP 29/2016 revokes Government Regulation No. 7 of 2016 which previously also regulated the amendment of authorized capital of limited liability company. PP 29/2016 was issued with the purpose to provide…
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Indonesia Law – Secretary of Issuer or Publicly listed Company

Indonesia Law – Secretary of Issuer or Publicly listed Company
Background The Financial Service Authority (“OJK”) issued new regulation namely Regulation of the Financial Service Authority Regulation No. 35 /POJK.04/2014 regarding Secretary of Issuer or Publicly listed Company (“OJK Regulation”) which became effective on 8 December 2014. Corporate Secretary Corporate secretary is an individual or a person in charge of working unit that carrying out…
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The Implementation of Management Guidelines of the Public Company (Regulation of the Financial Services Authority Number 21 Year 2015)

The Implementation of Management Guidelines of the Public Company (Regulation of the Financial Services Authority Number 21 Year 2015)
Background Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November  2015 (“RFSA 21/2015”). RFSA 21/2015 regulates the management guidelines of public company of which implementation is conducted through comply or explain, which have not been regulated previously by law…
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Standard of Business Tourism Area

The standard of business tourism area is regulated under the Minister of Tourism and Creative Economy Number 17 of 2014 on Standard of Business Tourism Area (“MR No 17/2014”). Standard of business tourism area is a formulation of qualification of business tourism area and/or qualification of business tourism area which includes aspect of product, services,…
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The Establishment of Company Regulation

Provisions on company regulation is stipulated under Article 108 until Article 115 Law Number 13 of 2003 on Employment (“Law No.13/ 2003”) and Ministry of Manpower and Transmigration Regulation Number PER.16/MEN/XI/2011 on Procedures for the Establishment and Legalization of Company Regulation and Procedure for the Establishment and Registration of Collective Labor Agreement (“MOMTR 16/2011”). Article…
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Privatization of A State Owned Limited Liability Company

Definition of Privatization What is privatization? According to Law Number 19 year 2003 concerning State Owned Companies (“UU BUMN”), privatization is the selling of shares belonging to a state owned company in a limited liability company with at least 51% (fifty one percent) of its shares owned by the Republic of Indonesia (“Company”), the remaining…
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