BUMN, as one type of initiator, should comply with various general and specific requirements and procedures that relate to the submission of Project proposals to the Minister of National Development Planning/Head of the National Development Planning Agency and/or the Minister of Finance.
Various types of corporate actions may result in criteria for monopolistic and/or unfair business competition practices (e.g. mergers, consolidations, acquisitions of shares and/or assets) being applied. In this regard, mandatory notifications of the following types of corporate actions must be provided: 1) Meeting of the asset and/or sales value threshold; 2) Changes of control; 3) Transactions that are not classified as transactions between affiliated business actors , etc.
Parties selling refillable cosmetics products must first secure approvals from the Head of BPOM prior to being examined. Said approvals can be secured through the submission of applications and by meeting the following requirements: 1) Notifications must have been secured for all distributed refillable cosmetics products; 2) Must possess refillable cosmetics product facilities; and 3) Cooperation agreements must be drafted if refillable cosmetics products will not be sold by the respective cosmetics notification holders
Several provisions that relate to asset-backed securities have also been removed, including: 1) The obligation to maintain transparency in terms of the information contained within issuers periodic and incidental reports whilst the relevant asset-backed securities are under suspension; 2) Suspensions of asset-backed securities for any issuers that fail to settle their fines within 15 calendar days of their imposition; and 3) Suspensions of asset-backed securities as a form of sanctions that may be imposed upon issuers
Quick examinations of cases may be implemented by panels during preliminary proceedings, meaning that the advanced proceedings phase will not take place. In this regard, quick examinations may only take place in relation to the following matters: 1) Defendants that confess to having committed violations of Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Competition Practices; and/or 2) Other suspected violations, based upon KPPU approvals or verdicts
Various activities are categorized under procedural provisions in terms of the delivery of SKA and/or DAB and encompass the following: 1) Procedures for the delivery of SKA and/or DBA; 2) Signatures of authorized officials and/or official stamps from institutions that issue SKA; 3) Signatures of exporter/producers; and 4) Overleaf notes
In order to secure Guarantees, either Food BUMN or Perum BULOG should submit their applications to the Minister via the Director-General for the Management of Financing and Risks. Said applications encompass four specific stages: 1) Submission of application; 2) Evaluation; 3) Approval of terms and conditions; and 4) Issuance of guarantee
Certain amounts of PPN that are imposed upon deliveries of certain four-wheeled, battery-powered KBL ("Vehicles") and certain battery-based KBL buses ("Buses") will be borne by the government if said objects meet the following mandatory Domestic Component Levels (Tingkat Komponen Dalam Negeri "TKDN"): a) Vehicles: 40% TKDN at the minimum; and b) Buses: 40% TKDN at the minimum; and c) Buses: 20% TKDN at the minimum and 40% TKDN at the maximum
Producers must first secure permits from the Head of BPOM prior to initiating any PMR in line with the following process: 1) Submission of application; 2) Evaluation and field audit; and 3) Issuance of permit
All exhibited goods that enter into storage areas should be classified as: 1) Goods that will be exhibited; and 2) Goods that support exhibition requirements and that will be re-exported. The Amendment has now clarified that the classification of goods outlined in point (1) above mandates that TPBB business actors should submit details that address the relevant types and amounts of goods that meet reasonableness requirements for exhibition purposes and that have been approved by the Heads of Regional Customs and Excise Offices or the Heads of Main Customs and Excise Service Offices (Kantor Pelayanan Utama/KPU)