The annual report is regulated under chapter IV in Law No.40 of 2007 on Limited Liability Company (“Company Law”). The following will describe the delivery mechanism of an Annual Report to the GMS. The directors will prepare an annual report of the company and then...
Background In the development of international law, there is the law that regulates investment efforts related to international trade, which is Trade – Related Investment Measures or referred to TRIMs within the framework of the World Trade Organization (WTO). Foreign...
In order to guarantee legal certainty in carrying out control over mineral sale to overseas and to implement Decision of Supreme Court No. 10P/HUM/12 dated September 12, 2012, it is necessary to re-amend the stipulations on mineral added value through processing and...
According to the principal of local law, only people with true Indonesian citizenship have the right to own a land in Indonesia. Individual foreigner who happened to be domiciled in the country may only allowed to have a private property or a home over a particular...
Article 20 of Act no. 5 year 1960 on Basic Regulations on Agrarian Principles (UUPA) states, “the right of ownership is hereditary right; the strongest and fullest right that a person can have on land with reference to Article 6.” This article is related to Article 6...
There are 3 (three) organs present in a limited liability company (“PT”), which are the general meeting of shareholders (“GMS”), the Board of Directors (“BoD”) and the Board of Commissioners (“BoA”). All three organs work together in accordance with their own...
Legal Basis Regulating SP3L stipulated by the Government of DKI Jakarta Province The realization of city physical development plan, part of the General Spatial Plan and Urban Region Section Plan determined by the Government of DKI Jakarta Province, affects the rapid...
There are provisions as well as regulations for solving the problem of land use and appointment of the land in the DKI Jakarta Region. The DKI Jakarta government realizes this with the SIPPT issuing regulation. The SIPPT is defined as the designation permit of the...
A few changes can be found after the appearance of Law Number 20 Year 2011 on Condominiums which is known as Condominium Law. It is a little bit different from the previous regulation about the condominiums. Executing Agency becomes one of the changes which can be...