Posts Tagged ‘limited liability company’
Authentication Powers of Notarial Deed Drafted Outside the Notary’s Jurisdiction
“A Notary is prohibited to draft a Notarial Deed outside his/her jurisdiction.” One of our clients had asked the following question: “My company, domiciled in South Jakarta, will hold a General Meeting of Shareholders (GMS), requires a notary to attend the GMS to make minutes of the meeting. Is it possible for our notary partner,…
Read MoreBoard of Commissioners (BOC) Cannot be Completely OffHand in A Company Bankruptcy
The accountability of “BOC as the supervisor in a company, should be requested when a company is declared bankrupt.” The role and the main task of the board of commissioners in a company (Limited Liability Company) is carrying out general supervision over the policy and management of the company as well as providing advice to…
Read MoreGUIDELINES TO LIQUIDATE COMPANY IN INDONESIA
Pursuant to Company Law, the Company shall be dissolved by several matters and one of which is liquidation according to shareholder’s decision in General Meeting of Shareholders. The Board of Directors (“BOD”), Board of Commissioners (“BOC”) or one or more shareholders representing at least 1/10 of the total shares with voting rights could propose liquidation…
Read MoreOBLIGATION OF A COMPANY TO ESTABLISH A BIPARTITE COOPERATION INSTITUTION
According to Article 105 of Manpower Law every companies who employing 50 employments or more is under an obligation to establish a bipartite cooperation institution or commonly known as LKS Bipartite (Bipartite Institution). Indonesian Manpower Law (Law No.13 of 2003) defined the Bipartite Institution is a communication and consultation forum on matters pertaining to industrial…
Read More