The Difference of Authorized Capital, Issued Capital, and Paid-up Capital In Indonesian Company
Generally, the Companies’ capital is governed under the article 31 until 36 Law No.40 Year 2007 regarding Limited Liability Company (Company Law). The companies’ capital is divided into three, those are Authorized capital, Issued Capital and Paid-up Capital. I. Authorized Capital Companies’ capital is the amount of capital stipulated in the companies’ article of association. All amount of...Read MoreUnderstanding the Company’s Article of Association
Indoneisan Company Law is regulated under the law No. 40 Year 2007 regarding Limited Liability Company (Company Law) A deed of establishment contains the article of association and other information related to the establisment of company. In principle, other than subjecting to the Company Law, a company must also subject to the article of association that has been determined. In other...Read MoreBoard of Directors’ role in the Indonesian Limited Liability Company
Photo source: here Article 92 Paragraph (1) Law No. 40 Year 2007 regarding Limited Liability Company (Company Law) states, Board of Directors will undertake the management of Company for the interest of the company and in accordance with the company’s purpose and objectives. Further, the Paragraph (2) states, Board of Directors have authority to undertake the management as meant under...Read More
