Posts Tagged ‘Board of Directors’

4 THINGS YOU NEED TO KNOW ABOUT THE GENERAL MEETING OF SHAREHOLDERS

4-THINGS-YOU-NEED-TO-KNOW-ABOUT-THE-GENERAL-MEETING-OF-SHAREHOLDERS

Aside from the Board of Directors and Board of Commissioners, another figure that is very important in the Indonesia Company Law is the General Meeting of Shareholders. Learn more about why they are important, and their special authority in running the Company. When talking about the people who are running a Limited Liability Company (Perseroan…

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WHO CAN SIGN A CONTRACT ON BEHALF OF A COMPANY?

WHO-CAN-SIGN-A-CONTRACT-ON-BEHALF-OF-A-COMPANY

In business, executing deals and finalizing transactions is conducted by signing a contract. Aside from ensuring the contents of the contract is in line with the prevailing laws and regulations, it is also important to know which person can sign a contract on behalf of a company, so that the contract can be legally executed.…

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LEGAL STATUS OF A DIRECTOR IN INDONESIA

The position of a Director in a Company comes with the authority and responsibility to manage and lawfully represent the Company. Most of the time, people consider the Director as an employee, especially in regards to benefits and salaries payable to the Director. So, what is the legal status of the Director? Rights and duties…

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LEGAL COMPLETION OF OWNERSHIP TRANSFER OF SHARES

LEGAL-COMPLETION-OF-OWNERSHIP-TRANSFER-OF-SHARES

When transferring ownership of shares issued by a Limited Liability Company (PT), the transaction does not stop when the Sales and Purchase Agreement is signed. Learn more about the completion of transfer of shares, and when does the ownership of shares is deemed to have been transferred to the new shareholder. In transferring the rights…

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CHANGING THE DIRECTOR OF A COMPANY

CHANGING-THE-DIRECTOR-OF-A-COMPANY

Removal of an incumbent Director and appointment of a new Director in a Company must be notified to the Minister of Law and Human Rights. Learn more about this obligation and the impact if such changes are not notified. In a Company, Directors can resign in the middle of their term. Others are dismissed by…

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WHO CAN SIGN A CONTRACT ON BEHALF OF A COMPANY?

WHO-CAN-SIGN-A-CONTRACT-ON-BEHALF-OF-A-COMPANY

In business, executing deals and finalizing transactions is conducted by signing a contract. Aside from ensuring the contents of the contract is in line with the prevailing laws and regulations, it is also important to know which person can sign a contract on behalf of a company, so that the contract can be legally executed.…

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