Document background
A Stock Transfer Certificate is a crucial document in Indonesian corporate transactions, required whenever shares are transferred between parties in a limited liability company (Perseroan Terbatas). The document is mandated under Indonesian Company Law (Law No. 40 of 2007) and must meet specific regulatory requirements, particularly those set by the Financial Services Authority (OJK) for publicly listed companies. The certificate serves multiple purposes: it acts as evidence of the transfer, updates the company's share register, and may be required for tax purposes. The document becomes particularly important during corporate restructuring, merger and acquisition activities, or when shares are transferred as part of inheritance or gift arrangements. It must contain precise details about the transferred shares, including their class, number, and value, as well as comprehensive information about both the transferor and transferee.
