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3 April 2020 (closed)
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Artikel Terbaru Paid-up Capital
The Indonesian Government recently issued Government Regulation no. 29 of 2016 regarding Amendments in Authorized Share Capital of a Limited Liability Company (New Regulation). The New Regulation revokes the Government Regulation 7 of 2016 (Old Regulation). Basically the New Regulation regulates the same matter as the Old Regulation, namely it sets new regulations regarding the authorized and paid-up capital of a PT company.
The general provisions regarding shares in an Indonesian limited liability company (PT for local companies and PT PMA for foreign companies in Indonesia) are regulated in Indonesian Law number 40 of 2007 concerning Limited Liability Companies (Company Law). The Company Law regulates the minimum authorized capital and paid-up capital, and stipulates procedural rules related to the purchase, ownership and sales of shares. In this column we discuss the general rules governing shares of a limited liability company in Indonesia.
