Legal Standing of Shareholders who Fail to Fulfilled Basic Capital
Picture Source: canva.com Based on Article 1 number 1 of Law Number 40 of 2007 concerning Limited Liability Companies (“Company Law”), which states: “A Limited Liability Company, hereinafter referred to as the Company, is a legal entity that is a capital alliance, established based on an agreement, conducts business activities with total basic capital divided...
Read MoreLegal Steps If the Board of Directors of a Private Company Doesn’t Conduct an Annual General Meeting of Shareholder
Based on Article 1 number 4 of Law Number 40 of 2007 (“Company Law”), the General Meeting of Shareholders (“GMS”) is the organ of the company that has authority not granted to the Board of Directors or the Board of Commissioners. Furthermore, in accordance with Article 78 of Company Law, GMS consist of: Annual GMS,...
Read MoreIf you’re looking to hold a General Meeting of Shareholders (GMS) but don’t have enough attendees to meet the quorum, here’s what you can do.
The definition of GMS (General Meeting of Shareholders) according to Article 1 number 4 of Law No. 40 of 2007 concerning Limited Liability Companies (“Company Law”) is an organ of the company that has authority not given to the Board of Directors or Board of Commissioners within the limits specified in this Law and/or the...
Read More