Posts Tagged ‘Company Law in Indonesia’

Closing Your Financial Year

Calculating Financial Year And Annual Report Financial Year, also commonly known as Fiscal Year, is a term that is used to identify the beginning and ending months for a country’s accounting period of twelve (12) months. In Indonesia, Financial Years commonly follows the calendar year, starting in January and ending in December. However, companies in…

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Official Gazette And Supplement Of Official Gazette For Companies In Indonesia

What News About Official Gazette And Supplement Of Official Gazette ? Companies established under the laws and regulations of Indonesia have the obligation to comply with the Law No. 40 of 2007 on Limited Liability Company (“Indonesian Company Law”). Pursuant to Indonesian Company Law, any company that has conducted one of the corporate actions as…

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How To Submit Your Investment Progress Report To BKPM Don’t Miss the Deadline!

The new regulation of Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal) also known as BKPM, that has been effective on October 26, 2015 in which Head of BKPM Regulation No.17 of 2015 on Guidelines and Procedures for Capital Investment Implementation Control (“BKPM Regulation 17/2015”) which repealed the Head of BKPM Regulation No. 3 of…

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Investors Required to Make a Presentation Where, When and How?

SMART Legal Consulting

As mentioned in our other Articles, BKPM Updates Investment Regulations, Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal) also known as BKPM, has issued 4 (four) regulations as part of the Indonesian Government’s Economic Stimulus package. We understand that through Head of BKPM Regulation No. 14 of 2015 concerning Investment Principle License (“BKPM Regulation No.…

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Power of Attorney and Legal Documents For BKPM

Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) has been the go-to place for foreign investors seeking to obtain the required licenses in order for them to start and maintain their investment in Indonesia. Nowadays, it is very common for those investors to authorize other parties to sign and/or conduct the application to…

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How To Change Company Financial Year

SMART Legal Consulting

In Indonesia, all corporation, including Foreign Direct Investment (“FDI”) Company shall maintain bookkeeping. The common bookkeeping spans from January 1st to December 31st, where at the end of December of each year, the company completes their book entry settlement (“Bookkeeping Period”). One day a FDI Company (or “PMA”) want to amend its financial year from…

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