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Business Articles Of Incorporation Template for Indonesia

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Key Requirements PROMPT example:

Business Articles Of Incorporation

"I need Business Articles of Incorporation for an Indonesian technology startup with planned foreign investment from Singapore, authorizing share capital of IDR 5 billion, to be established in Jakarta by March 2025, with provisions for electronic shareholder meetings and future investment rounds."

Document background
Business Articles of Incorporation are essential documents required when establishing a new company in Indonesia or converting an existing business into a limited liability company (PT). This document is mandated by Indonesian Law No. 40 of 2007 and must be prepared in accordance with strict regulatory requirements. It contains crucial information about the company's structure, including details about share capital, shareholder rights, management arrangements, and business activities. The Articles of Incorporation must be drafted in Indonesian language and executed before a notary public, who then submits it to the Ministry of Law and Human Rights for approval. This document serves as the foundation for all future corporate actions and is frequently referenced for governance matters, capital raises, and corporate restructuring.
Suggested Sections

1. Name and Domicile: Specifies the company's legal name, trademark usage rights, and registered office location within Indonesian territory

2. Purpose and Objectives: Details the business activities and goals of the company, aligned with the Indonesian Standard Industrial Classification (KBLI) codes

3. Duration: States the period of the company's establishment, whether indefinite or for a specific period

4. Capital Structure: Details of authorized capital, issued capital, and paid-up capital, including the number and value of shares

5. Shares: Specifications of share classifications, rights attached to shares, and share transfer procedures

6. General Meeting of Shareholders: Rules and procedures for conducting shareholder meetings, voting rights, and decision-making processes

7. Board of Directors: Composition, appointment procedures, duties, authorities, and responsibilities of company directors

8. Board of Commissioners: Composition, appointment procedures, duties, and authorities of company commissioners

9. Annual Reports and Distribution of Profits: Procedures for financial reporting and profit distribution among shareholders

10. Dissolution and Liquidation: Procedures and conditions for company dissolution and liquidation process

Optional Sections

1. Foreign Ownership Provisions: Required for companies with foreign investment, detailing compliance with Indonesian foreign investment regulations

2. Shareholder Pre-emptive Rights: Optional provisions giving existing shareholders priority rights to purchase new shares

3. Corporate Social Responsibility: Additional provisions for companies operating in natural resources sectors or those choosing to formalize CSR commitments

4. Special Rights of Founders: Any special rights or arrangements granted to company founders, if applicable

5. Branch Offices: Provisions for establishing and managing branch offices, if contemplated

6. Electronic Meeting Provisions: Modern provisions allowing for virtual shareholder and board meetings

Suggested Schedules

1. Schedule A - Shareholder Details: Complete information about initial shareholders including names, addresses, and shareholding percentages

2. Schedule B - Share Capital Structure: Detailed breakdown of share classes, par values, and capital structure

3. Schedule C - Initial Board Members: Details of initial Directors and Commissioners including full legal names and addresses

4. Schedule D - Business Activities: Comprehensive list of business activities with corresponding KBLI codes

5. Appendix 1 - Shareholder Approvals: Copies of relevant shareholder approvals or powers of attorney

6. Appendix 2 - Government Approvals: Copies of any required government approvals or licenses for company establishment

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions









































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Relevant Industries

Manufacturing

Technology

Financial Services

Retail

Construction

Mining

Agriculture

Healthcare

Education

Transportation

Hospitality

Real Estate

Professional Services

Energy

Telecommunications

E-commerce

Food and Beverage

Media and Entertainment

Relevant Teams

Legal

Corporate Secretariat

Compliance

Finance

Corporate Governance

Risk Management

Business Development

Executive Leadership

Investment

Administrative

Regulatory Affairs

Relevant Roles

Chief Executive Officer

Managing Director

Company Director

Corporate Secretary

Legal Counsel

Compliance Officer

Chief Financial Officer

Board Member

Commissioner

Investment Manager

Business Development Manager

Company Founder

Entrepreneur

Corporate Governance Officer

Risk Manager

General Counsel

Notary Public

Company Registration Agent

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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