Background As we know in a Limited Liability Companies (“Company"), there are three organs that have its authority and responsibility. These organs consist of General Meeting of Shareholders ("GMS"), Board of Directors and (“BOD”) Board of Commissioners (“BOC”)....
Pursuant to Article 34 of Law No. 4 of 2009 on Mineral and Coal Mining (“Mining Law”), mining business can be divided into two types: (i) Mineral mining; and (ii) Coal mining. The Governmental Regulation No. 23 of 2010 on the Implementation of Mineral and Coal Mining...
Background The application for transfer of ownership of foreign shares can be submitted either by foreign investment company or by domestic investment company. The transfer of ownership of foreign shares shall be conducted whenever there are changes in the company’s...
Background BKPM held 2 (two) types of services on investment activity for the investor in the territory of Indonesia, which is licensing service and non-licensing service. Based on Article 1 paragraph 6 of Peraturan Kepala BKPM No.12 year 2009 (“Perka BKPM 12/2009”),...
Background Mechanism of the investment licenses that is applied by BKPM to the investor covers provisions concerning business sector and business entity that could be managed by the investor in the territory of Indonesia. Principally, provisions on the mechanism of...
Background As explained in Article 1 (32) of Law No. 4 of 2009 on Mineral and Coal Mining (“Mining Law”), Small Scale Mining Area means a part of the mining zone (wilayah pertambangan) where small scale mining activities are performed. These areas are determined by...
Article 1 Paragraph 7 of Government Regulation of Republic Indonesia on Condominium (“GR 4/1988”) explains the definition of Proportional Comparison Value, is number which shows a comparison between condominium units toward the right upon the common part, common properties, and common lands.
Proportional Comparison Value may be calculated by using 2 (two) ways, which are:
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1. Based on the related amount or value of condominium units towards the total amount of building area.
2. The comprehensive value of condominium at the first time when the developer calculates the total construction costs to determine its selling price
The elucidation in the Article above states that
Proportional Comparison Value from condominium units as referred is calculated when the time developer calculates the total development cost. The price of each unit condominium towards the price of common part, common property, and common lands at the time of calculation of total development cost is used as the basis of Proportional Comparison Value. The Proportional Comparison Value is used as a basis for conducting the separation and the issuance of “Certificate of Condominium Units”, and also as a basis for determining rights and obligations of ownership and management of common part, common property, and common land.
Sofie Widyana P.
Perselisihan hubungan industrial yang meliputi perselisihan hak, perselisihan kepentingan, perselisihan pemutusan hubungan kerja, perselisihan antar serikat pekerja/serikat buruh dapat diselesaikan dengan melalui dua jalur yaitu melalui pengadilan dan di luar...
This article explains shareholders’ limited liability under Indonesia’s Company Law, the specific exceptions that can trigger personal liability (bad faith, unlawful acts, misuse of assets), and obligations tied to liquidation.