Berlangganan Pro

Rabu, Juli 15, 2020 | Issue Number : 671

Company Law and the Ultra Vires Doctrine: To What Extent Can Directors Be Held Liable?

ID Indonesian translation

Overview

Pursuant to Law No. 40 of 2007 on Limited Liability Companies (“Company Law”), a limited liability company must have stated purposes and objectives which are in accordance with the applicable laws and regulations, as well as with commonly held notions of public order and/or morality. These purposes and objectives should then be manifested during a company’s business activities, which should be stipulated under its articles of association (“AoA”).[1]

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Overview

Pursuant to Law No. 40 of 2007 on Limited Liability Companies (“Company Law”), a limited liability company must have stated purposes and objectives which are in accordance with the applicable laws and regulations, as well as with commonly held notions of public order and/or morality. These purposes and objectives should then be manifested during a company’s business activities, which should be stipulated under its articles of association (“AoA”).[1]

......

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Hukumonline Pro Intelligence

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Professional Solutions

University Solutions

Pro

Rp 5.000.000 /bulan

Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

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