Posts Tagged ‘Company Law’
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…
Read MoreENVIRONMENTAL MANAGEMENT SYSTEM (EMS) OBLIGATION APPLICABLE FOR COMPANIES IN INDONESIA
To protect the Indonesian environment from pollution and damage, all companies have the obligation to apply Environmental Management System in its business activities. Learn more about what the Environmental Management System is and how to apply it in your company. To protect the Indonesian environment from pollution and damage, every company must apply the EMS…
Read More4 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…
Read MoreEXPANSION OF BUSINESS IN A PMA COMPANY: MORE INVESTMENT NEEDED?
When planning to expand a PMA Company, one of the most important things is to determine whether such expansion is classified as a diversification of business, or as an expansion of business which must be followed by an expansion of investment. Since the minimum investment for PMA Company must be above IDR 10 billion, it…
Read MoreWHAT IF AN EMPLOYEE IS BEING APPOINTED AS A DIRECTOR IN THE CURRENT HIRING COMPANY
Sometimes, in the operation of a company, we might find an employee is being promoted/appointed to become a member of the Board of Directors by his/her hiring company. This kind of action is indeed will cause certain pros and cons to arise in relation to the employment status of the employee, and whether the employment…
Read MoreTHE INSPECTION MECHANISM OF THE PARENT COMPANY TO ITS SUBSIDIARY
A Parent Company may not casually conduct an inspection to its Subsidiary. Such inspection to a company has its own mechanism under the Limited Liability Company Law year 2007, in which Article 138 Paragraph 1 of the Law Number 40 of 2007 (hereinafter shall be referred to as the “Company Law 2007”) regulates an inspection…
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