Corporate Matters

HOW TO KNOW WHO IS THE CONTROLLING SHAREHOLDER OF A COMPANY?

“Business community often associated a Controlling Shareholders as someone who owns more than 50% of shares in the Company. However, this assumption is not uncontested because there are many other factors that can make someone become a Controlling Shareholder such as specific regulation that regulates the lower amount of shares or the provision of the…

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HOW MUCH IS THE MINIMUM CAPITAL INVESTMENT IN A FOREIGN INVESTMENT COMPANY?

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To establish a Foreign Investment Company, there is a requirement of minimum investment value as explained in the Indonesia Investment Coordinating Board (BKPM) Regulation. Read more to learn about the minimum investment value of a Foreign Investment Company in Indonesia. An establishment of a Limited Liability Company (“PT”) in Indonesia is conducted through capital injection…

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VALIDITY OF MARRIED COUPLE SHARES IN A COMPANY

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In this globalization era, economic is growing rapidly. Many people are interested to start a business by setting up a company in a form of Limited Liability Company (Perseroan Terbatas/PT). PT is one of legal business entities that own its own assets in accordance with the capital injected into the company to be converted into…

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IS THERE ANY EXPIRATION FOR A CLAIM OF RECEIVABLE UNDER INDONESIAN LAW?

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Article 1967 of Indonesian Civil Code states that all legal claims, either business as well as individual, shall expire after thirty years, and the individual who invokes the expiration shall not be required to submit any title, and an individual cannot object to this expiration if such is based upon bad faith. Based on the…

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