Nama : Imanuel Galviand Siregar

Kelas : C
NRP : 2087035
Tanggal kuliah : 01/12/2020

1. What is the most common form of business entities in Indonesia?

The most common form of business entities in Indonesia is limited liability company
2. What is the applicable law for Limited Liability Company in Indonesia today?
It’s the law number 40 of 2007 on limited liability company (“law 40/2007”).
3. What is the definition of Limited Liability Company?
A legal entity which constitutes a joint of capital established pursuant to contract in
order to on business activities with authorized capital all of which is divided into shares
and which fulfils the requirements as stipulated in the law 40/2007 and implementing
regulations.
4. What kind of deed made in the establishment of companies?
The notarial deed in Indonesian language.
5. How many people are required in the establishment of Limited Liability Company? Is there any
exceptions ?
It must have more than one (1) share holder, but theres is some exemption for state
owned company, and company managing stock, and all institution regulated in capital
market law.
6. Specify the requirements that are required in establishing a company!
a) Providing information related to the company before obtaining its status as
legal entity such as name, domicile, the period of incorporation and other
information related to a company and must be contained in the deed of
establishment.
b) To obtain the status of a legal entity given by Minister of Law and Human Rights,
the company will gain status as legal entity on the date of the decree of the
Minister OF Law concerning a company’s ratification as a legal entity.To do so
the founders must jointly submit an application to the minister of law
electronically via legal entity administration system information technology
services.

7. Where is the information related to a Company must be contained?

The information must be in deed of establishment and was given to the Ministry of Law
via legal entity administration system information technology services.
8. Who has the authority to give the legal entity status for a company? When they shall obtain the
status?
The Minister of Law and Human Right, after the Minister of law and human right stated there is
no problem with the document and needed the applicant to deliver the deed of establishment
with the necessary documents to the Minister of Law.
9. What is the reason the Minister of Law rejected the company application to obtain Decree?
the requirement for the submission application does not accordance with the related regulation
10. What is the reason for the deed of establishment will become void?
When the applicant doesn’t submit the requirement within the aforementioned period of 60
days, then it will become void.