In the Law Dictionary (Gifis, Steven H.; 1984: 129), derivative action is explained as an action or claim based on the primary right of the company, but performed by the shareholders for and on behalf of the company. This claim can be filed by the shareholders in the...
Based on the provision above, it can be stated that shares are an indivisible unit of capital, expressing the contractual relationship between the Company and the shareholder. According to Article 7 paragraph (2) Company Law, each founder of a Company must subscribe...
Share Share is an evidence of deposit of capital in a company. It is reflected on the definition of Limited Liability Company on Article 1 number 1 Law of Republic of Indonesia Number 40 of 2007 on the Limited Liability Company (“Company Law”) that states “Limited...
Companies’ authorized capital is divided into shares. Shares is a moveable goods which give rights to the owner to attend and to vote in the General Meeting of Shareholders (“GMS”), to receive the payment of dividends and the remaining asset as the result of...
Participant, quorum, and decision making in GMS Each issued share shall carry one vote, unless the articles of association determines otherwise. Shareholders either by their own or represented based on a power of attorney are entitled to attend the meeting and become...
Meanly of GMS UnderLaw Number 40 of 2007 on Limited Liability Company (“Company Law“), in Article 1 number 4, General Meeting of Shareholder, hereinafter called the GMS means the Company Organ which has authority that is not given to the Board of Directors or the...
The regulation on Extraordinary General Meeting of Shareholders ("EGMS") is set forth in Chapter VI Article 78 paragraph (1) and Article 78 paragraph (4) of Law Number 40 of 2007 on Limited Liability Company ("Company Law”). Article 78 paragraph (1) states that:...
Article 1 paragraph (10) of Law Number 40 of 2007 on Limited Liability Company (“Company Law”), regulates a definition of consolidation, as follows: “Consolidation means a legal action taken by two or more Companies to consolidate themselves by means of establishing a...