Regulation No. 29 of 2016 on Indonesia Change in Authorized Capital of Limited Liability Companies

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PERATURAN PEMERINTAH REPUBLIK PERATURAN PEMERINTAH REPUBLIK

INDONESIA INDONESIA NOMOR 29 TAHUN 2016 NOMOR 29 TAHUN 2016 TENTANG TENTANG

PERUBAHAN MODAL DASAR PERSEROAN PERUBAHAN MODAL DASAR PERSEROAN

TERBATAS TERBATAS

REGULATION OF THE GOVERNMENT OF REGULATION OF THE GOVERNMENT OF

THE REPUBLIC OF INDONESIA THE REPUBLIC OF INDONESIA

NUMBER 29 OF 2016 NUMBER 29 OF 2016

CONCERNING CONCERNING

CHANGE IN AUTHORIZED CAPITAL OF CHANGE IN AUTHORIZED CAPITAL OF

LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANIES DENGAN RAHMAT TUHAN YANG MAHA

DENGAN RAHMAT TUHAN YANG MAHA ESA

ESA

WITH THE BLESSING OF GOD ALMIGHTY WITH THE BLESSING OF GOD ALMIGHTY PRESIDEN

PRESIDEN REPUBLIK REPUBLIK INDONESIA, INDONESIA, THE THE PRESIDENT PRESIDENT OF OF THE THE REPUBLIC REPUBLIC OFOF INDONESIA,

INDONESIA,

Menimbang: Considering:

a.

a. bahwa bahwa untuk untuk memberikan memberikan kemudahankemudahan berusaha

berusaha bagi bagi para para pengusaha pengusaha dalamdalam mendirikan badan usaha Perseroan Terbatas, mendirikan badan usaha Perseroan Terbatas, perlu

perlu memberikan memberikan keleluasan keleluasan untukuntuk menentukan besaran modal dasar dalam menentukan besaran modal dasar dalam memulai usaha;

memulai usaha;

a.

a. that that to to provide provide easy easy access access to to business business actorsactors to form an entity in the form of a Limited to form an entity in the form of a Limited Liability Company, it is necessary to give Liability Company, it is necessary to give them discretion to set the amount of the them discretion to set the amount of the authorized capital in starting business;

authorized capital in starting business; b.

b. bahwa bahwa berdasarkan berdasarkan pertimbanganpertimbangan sebagaimana dimaksud dalam huruf a, dan sebagaimana dimaksud dalam huruf a, dan untuk melaksanakan ketentuan Pasal 32 ayat untuk melaksanakan ketentuan Pasal 32 ayat (3) Undang-Undang Nomor 40 Tahun 2007 (3) Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas, perlu menetapkan tentang Perseroan Terbatas, perlu menetapkan Peraturan Pemerintah tentang Perubahan Peraturan Pemerintah tentang Perubahan Modal Dasar Perseroan Terbatas;

Modal Dasar Perseroan Terbatas;

b.

b. that that in in consideration consideration of of point point (a) (a) and and to to givegive effect to Article 32 section (3) of Law effect to Article 32 section (3) of Law Number

Number 40 40 of of 2007 2007 concerning concerning LimitedLimited Liability Companies, it is necessary to issue Liability Companies, it is necessary to issue Regulation of the Government concerning Regulation of the Government concerning Change in Authorized Capital of Limited Change in Authorized Capital of Limited Liability Companies;

Liability Companies; Mengingat:

Mengingat: Bearing Bearing in in Mind:Mind:

1.

1. Pasal 5 ayat (Pasal 5 ayat (2) Undang-Undan2) Undang-Undang Dasarg Dasar Negara Republik Indonesia Tah

Negara Republik Indonesia Tahun 1945;un 1945;

1.

1. Article Article 5 5 section section (2) (2) of of the the 1945 1945 ConstitutionConstitution of the Republic of Indonesia;

of the Republic of Indonesia; 2.

2. Undang-Undang Nomor 40 TUndang-Undang Nomor 40 Tahun 2007ahun 2007 tentang Perseroan Terbatas (Lembaran Negara tentang Perseroan Terbatas (Lembaran Negara Republik Indonesia Tahun 2007 Nomor 106, Republik Indonesia Tahun 2007 Nomor 106,

Tambahan Lembaran Negara Republik

Indonesia Nomor 4756); Indonesia Nomor 4756);

2.

2. Law Law Number Number 40 40 of of 2007 2007 concerning concerning LimitedLimited Liability Companies (State Gazette of the Liability Companies (State Gazette of the Republic of Indonesia Number 106 of 2007, Republic of Indonesia Number 106 of 2007, Supplement to the State Gazette of the Supplement to the State Gazette of the Republic of Indonesia Number 4756);

Republic of Indonesia Number 4756); MEMUTUSKAN:

MEMUTUSKAN: HAS HAS DECIDED:DECIDED:

Menetapkan: Menetapkan:

PERATURAN PEMERINTAH TENTANG

PERUBAHAN MODAL DASAR PERSEROAN PERUBAHAN MODAL DASAR PERSEROAN TERBATAS.

TERBATAS.

To issue: To issue:

REGULATION OF THE GOVERNMENT

CONCERNING CHANGE IN AUTHORIZED CONCERNING CHANGE IN AUTHORIZED

CAPITAL OF LIMITED LIABILITY

COMPANIES. COMPANIES.

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2 2

Pasal

Pasal 1 1 Article Article 11

(1) Perseroan Terbatas wajib memiliki modal (1) Perseroan Terbatas wajib memiliki modal

dasar perseroan. dasar perseroan.

(1)

(1) A Limited Liability CompaA Limited Liability Company must have anny must have an authorized capital of the company.

authorized capital of the company. (2)

(2) Modal Modal dasar dasar Perseroan Perseroan Terbatas Terbatas harusharus dituangkan dalam anggaran dasar yang dimuat dituangkan dalam anggaran dasar yang dimuat dalam akta pendirian Perseroan Terbatas. dalam akta pendirian Perseroan Terbatas.

(2)

(2) The authorized caThe authorized capital must be stated in pital must be stated in thethe articles of association that are incorporated articles of association that are incorporated into a deed of establishment of a Limited into a deed of establishment of a Limited Liability Company.

Liability Company. (3) Besaran modal dasar Perseroan Terbatas

(3) Besaran modal dasar Perseroan Terbatas

sebagaimana dimaksud pada ayat (1)

ditentukan berdasarkan kesepakatan para ditentukan berdasarkan kesepakatan para pendiri Perseroan Terbatas.

pendiri Perseroan Terbatas.

(3) The amount of the authorized capital of a (3) The amount of the authorized capital of a Limited Liability Company as referred to in Limited Liability Company as referred to in section (1) shall be set by agreement among section (1) shall be set by agreement among the founders of the Limited Liability the founders of the Limited Liability Company.

Company. Pasal

(1)

(1) Modal dasar Modal dasar Perseroan TerbPerseroan Terbatas sebagaimanaatas sebagaimana dimaksud dalam Pasal 1 harus ditempatkan dimaksud dalam Pasal 1 harus ditempatkan dan disetor penuh paling sedikit 25% (dua dan disetor penuh paling sedikit 25% (dua puluh

puluh lima lima persen) persen) yang yang dibuktikan dibuktikan dengandengan bukti penyetoran yang sah.

bukti penyetoran yang sah.

(1) At least 25% (twenty-five percent) of the (1) At least 25% (twenty-five percent) of the authorized capital of a Limited Liability authorized capital of a Limited Liability Company as referred to in Article 1 must be Company as referred to in Article 1 must be issued and fully paid-up, as documented by a issued and fully paid-up, as documented by a valid receipt.

valid receipt. (2)

(2) Bukti penyetoran Bukti penyetoran yang syang sah sebagaimanaah sebagaimana dimaksud pada ayat (1) wajib disampaikan dimaksud pada ayat (1) wajib disampaikan secara elektronik kepada menteri yang secara elektronik kepada menteri yang menyelenggarakan urusan pemerintahan di menyelenggarakan urusan pemerintahan di bidang

bidang hukum hukum dan dan hak hak asasi asasi manusia manusia dalamdalam waktu paling lama 60 (enam puluh) hari waktu paling lama 60 (enam puluh) hari terhitung sejak tanggal akta pendirian terhitung sejak tanggal akta pendirian Perseroan Terbatas ditandatangani.

Perseroan Terbatas ditandatangani.

(2)

(2) A valid receipt as referred A valid receipt as referred to in section (1)to in section (1) must be submitted electronically to the must be submitted electronically to the minister in charge of the governmental affairs minister in charge of the governmental affairs in the field of law and human rights within 60 in the field of law and human rights within 60 (sixty) days of the signing date of the deed of (sixty) days of the signing date of the deed of establishment of the Limited Liability establishment of the Limited Liability Company.

Company. Pasal

Perseroan Terbatas yang melaksanakan kegiatan Perseroan Terbatas yang melaksanakan kegiatan usaha tertentu, besaran minimum modal dasar usaha tertentu, besaran minimum modal dasar Perseroan Terbatas harus sesuai dengan ketentuan Perseroan Terbatas harus sesuai dengan ketentuan peraturan

perundang- peraturan perundang-undangan.undangan.

A Limited Liability Company that is engaged in a A Limited Liability Company that is engaged in a specific line of business must have the minimum specific line of business must have the minimum amount of the authorized capital of a Limited amount of the authorized capital of a Limited Liability Company in compliance with the laws Liability Company in compliance with the laws and regulations.

and regulations. Pasal

Pada saat Peraturan Pemerintah ini mulai berlaku, Pada saat Peraturan Pemerintah ini mulai berlaku, Peraturan Pemerintah Nomor 7 Tahun 2016 Peraturan Pemerintah Nomor 7 Tahun 2016 tentang Perubahan Modal Dasar Perseroan tentang Perubahan Modal Dasar Perseroan Terbatas (Lembaran Negara Republik Indonesia Terbatas (Lembaran Negara Republik Indonesia Tahun 2016 Nomor 54, Tambahan Lembaran Tahun 2016 Nomor 54, Tambahan Lembaran Negara

Negara Republik Republik Indonesia Indonesia Tahun Tahun 2016 2016 NomorNomor 5862), dicabut dan dinyatakan tidak berlaku. 5862), dicabut dan dinyatakan tidak berlaku.

Upon this Regulation of the Government coming Upon this Regulation of the Government coming into effect, Regulation of the Government Number into effect, Regulation of the Government Number 7 of 2016 concerning Change in Authorized 7 of 2016 concerning Change in Authorized Capital of Limited Liability Companies (State Capital of Limited Liability Companies (State Gazette of the Republic of Indonesia Number 54 Gazette of the Republic of Indonesia Number 54 of 2016, Supplement to the State Gazette of the of 2016, Supplement to the State Gazette of the Republic of Indonesia Number 5862 of 2016, is Republic of Indonesia Number 5862 of 2016, is revoked and declared to no longer be i

revoked and declared to no longer be in effect.n effect. Pasal

Peraturan Pemerintah ini mulai berlaku pada Peraturan Pemerintah ini mulai berlaku pada tanggal diundangkan.

tanggal diundangkan.

This Regulation of the Government shall come This Regulation of the Government shall come into effect on the date it is promulgated.

into effect on the date it is promulgated. Agar

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pengundangan

pengundangan Peraturan Peraturan Pemerintah Pemerintah ini ini dengandengan penempatannya dalam Lembaran Negara Republik penempatannya dalam Lembaran Negara Republik

Indonesia. Indonesia.

promulgation

promulgation of of this this Regulation Regulation of of thethe Government is ordered by placement in the State Government is ordered by placement in the State Gazette of the Republic of

Gazette of the Republic of Indonesia.Indonesia. Ditetapkan di Jakarta

Ditetapkan di Jakarta pada tanggal 14 Juli 2016 pada tanggal 14 Juli 2016

PRESIDEN REPUBLIK INDONESIA, PRESIDEN REPUBLIK INDONESIA,

ttd. ttd. JOKO WIDODO JOKO WIDODO Issued in Jakarta Issued in Jakarta on July 14, 2016 on July 14, 2016

PRESIDENT OF THE REPUBLIC OF PRESIDENT OF THE REPUBLIC OF INDONESIA, INDONESIA, sgd. sgd. JOKO WIDODO JOKO WIDODO Diundangkan di Jakarta Diundangkan di Jakarta pada tanggal 14 Juli 2016 pada tanggal 14 Juli 2016

MENTERI HUKUM DAN HAK ASASI MENTERI HUKUM DAN HAK ASASI MANUSIA REPUBLIK INDONESIA, MANUSIA REPUBLIK INDONESIA,

ttd. ttd. YASONNA H. LAOLY YASONNA H. LAOLY Promulgated in Jakarta Promulgated in Jakarta on July 14, 2016 on July 14, 2016

MINISTER OF LAW AND HUMAN RIGHTS MINISTER OF LAW AND HUMAN RIGHTS OF THE REPUBLIC OF INDONESIA,

OF THE REPUBLIC OF INDONESIA, sgd.

sgd.

YASONNA H. LAOLY YASONNA H. LAOLY

LEMBARAN NEGARA REPUBLIK LEMBARAN NEGARA REPUBLIK INDONESIA TAHUN 2016 NOMOR 137 INDONESIA TAHUN 2016 NOMOR 137

STATE GAZETTE OF THE REPUBLIC OF STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 137 OF 2016

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4 4

PENJELASAN PENJELASAN

PERATURAN PEMERINTAH REPUBLIK PERATURAN PEMERINTAH REPUBLIK

INDONESIA INDONESIA NOMOR 29 TAHUN 2016 NOMOR 29 TAHUN 2016 TENTANG TENTANG

PERUBAHAN MODAL DASAR PERSEROAN PERUBAHAN MODAL DASAR PERSEROAN

TERBATAS TERBATAS

ELUCIDATION OF ELUCIDATION OF

REGULATION OF THE GOVERNMENT OF REGULATION OF THE GOVERNMENT OF

THE REPUBLIC OF INDONESIA THE REPUBLIC OF INDONESIA

NUMBER 29 OF 2016 NUMBER 29 OF 2016

CONCERNING CONCERNING

CHANGE IN AUTHORIZED CAPITAL OF CHANGE IN AUTHORIZED CAPITAL OF

LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANIES I.

I. UMUM UMUM I. I. GENERALGENERAL

Berdasarkan Pasal 33 ayat (4) Berdasarkan Pasal 33 ayat (4) Undang-Undang Dasar Negara Republik Indonesia Undang Dasar Negara Republik Indonesia

Tahun 1945, Indonesia menjalankan

demokrasi ekonomi dalam pembangunan demokrasi ekonomi dalam pembangunan nasional yang diselenggarakan dengan nasional yang diselenggarakan dengan prinsip

prinsip kebersamaan, kebersamaan, efisiensi efisiensi berkeadilan,berkeadilan, berkelanjutan,

berkelanjutan, berwawasan berwawasan lingkungan,lingkungan,

kemandirian, serta dengan menjaga

keseimbangan kemajuan dan kesatuan keseimbangan kemajuan dan kesatuan ekonomi nasional.

ekonomi nasional.

Under Article 33 section (4) of the 1945 Under Article 33 section (4) of the 1945 Constitution of the Republic of Indonesia, Constitution of the Republic of Indonesia, Indonesia embraces economic democracy Indonesia embraces economic democracy for the national development by adoption of for the national development by adoption of the principles of togetherness, just the principles of togetherness, just efficiency, sustainability, environmental efficiency, sustainability, environmental orientation, independence, and maintenance orientation, independence, and maintenance of balance between the national economic of balance between the national economic advances and unity.

advances and unity. Dalam mempercepat proses pembangunan

Dalam mempercepat proses pembangunan

dan pertumbuhan ekonomi melalui

penanaman modal tersebut, Pemerintah telah penanaman modal tersebut, Pemerintah telah melakukan langkah-langkah untuk menarik melakukan langkah-langkah untuk menarik investor domestik maupun asing yang akan investor domestik maupun asing yang akan menanamkan modalnya di Indonesia dengan menanamkan modalnya di Indonesia dengan membuat kebijakan melalui pemberian membuat kebijakan melalui pemberian fasilitas dan kemudahan bagi penanam fasilitas dan kemudahan bagi penanam

modal. Upaya untuk meningkatkan

penanaman

penanaman modal modal melalui melalui pemberianpemberian kemudahan bagi penanam modal tergolong kemudahan bagi penanam modal tergolong masih rendah bahkan cenderung kontra masih rendah bahkan cenderung kontra produktif.

produktif. Hal Hal tersebut tersebut antara antara lain lain ditandaiditandai dengan banyaknya peraturan yang justru dengan banyaknya peraturan yang justru makin membebani kalangan pelaku usaha makin membebani kalangan pelaku usaha

termasuk penanam modal yang

mengakibatkan daya saing Indonesia makin mengakibatkan daya saing Indonesia makin menurun.

menurun.

To expedite the process of development and To expedite the process of development and economic growth through investment, the economic growth through investment, the Government has taken steps to lure domestic Government has taken steps to lure domestic or foreign investors to invest in Indonesia by or foreign investors to invest in Indonesia by adopting policies on provision of facilities adopting policies on provision of facilities and easy access to investors. Efforts to and easy access to investors. Efforts to enhance investment by giving easy access to enhance investment by giving easy access to investors are minimal, and even prone to be investors are minimal, and even prone to be counterproductive. This is marked with, counterproductive. This is marked with, inter alia, the mass of regulations that has in inter alia, the mass of regulations that has in return placed a burden on business actors, return placed a burden on business actors, including investors, resulting in Indonesia’s including investors, resulting in Indonesia’s competitiveness deteriorating.

competitiveness deteriorating.

Untuk menjamin iklim penanaman modal Untuk menjamin iklim penanaman modal

yang kondusif, Pemerintah telah

mengesahkan Undang-Undang Nomor 40 mengesahkan Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas Tahun 2007 tentang Perseroan Terbatas yang mulai berlaku pada tanggal 16 Agustus yang mulai berlaku pada tanggal 16 Agustus

2007. Namun, dalam pelaksanaannya

terdapat substansi yang cukup sulit untuk terdapat substansi yang cukup sulit untuk dilaksanakan dan menyulitkan dunia usaha, dilaksanakan dan menyulitkan dunia usaha, khususnya bagi pengusaha pemula. Oleh khususnya bagi pengusaha pemula. Oleh karena itu, perlu dilakukan penyesuaian karena itu, perlu dilakukan penyesuaian peraturan

peraturan dengan dengan perkembangan perkembangan kebutuhankebutuhan

masyarakat. Penyesuaian tersebut

To assure a climate conducive to investment, To assure a climate conducive to investment, the Government has ratified Law

the Government has ratified Law Number 40Number 40 of 2007 concerning Limited Liability of 2007 concerning Limited Liability Companies that comes into effect on August Companies that comes into effect on August 16,

16, 2007. 2007. However, However, the the substance substance is, is, inin practice,

practice, beyond beyond implementation implementation andand compounds the business world, in particular, compounds the business world, in particular, first-time business actors. It is therefore first-time business actors. It is therefore necessary to adjust the regulations to the necessary to adjust the regulations to the thriving needs of the public. This adjustment thriving needs of the public. This adjustment means to provide easy access to do business means to provide easy access to do business and to further assure the orderly business and to further assure the orderly business

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dimaksudkan untuk memberikan kemudahan dimaksudkan untuk memberikan kemudahan berusaha,

berusaha, dan dan lebih lebih menjamin menjamin ketertibanketertiban dunia usaha dalam investasi dengan dunia usaha dalam investasi dengan mengubah besaran modal dasar yang mengubah besaran modal dasar yang dirasakan masih memberatkan bagi para dirasakan masih memberatkan bagi para pengusaha pemula.

pengusaha pemula.

world through investment by changing the world through investment by changing the amount of the authorized capital that is amount of the authorized capital that is found to still burden first-time business found to still burden first-time business actors.

actors.

Ketentuan kemudahan berusaha tersebut Ketentuan kemudahan berusaha tersebut berupa

berupa perubahan perubahan terhadap terhadap modal modal dasardasar Perseroan Terbatas yang semula ditentukan Perseroan Terbatas yang semula ditentukan paling sedikit

paling sedikit Rp 50.000.000,00 (lima Rp 50.000.000,00 (lima puluhpuluh juta

juta rupiah) rupiah) menjadi menjadi diserahkan diserahkan sepenuhnyasepenuhnya pada

pada kesepakatan kesepakatan para para pendiri pendiri PerseroanPerseroan Terbatas. Penyerahan penentuan besaran Terbatas. Penyerahan penentuan besaran modal dasar Perseroan Terbatas kepada para modal dasar Perseroan Terbatas kepada para pendiri

pendiri Perseroan Perseroan Terbatas Terbatas dimaksudkandimaksudkan

sebagai upaya Pemerintah untuk

menghormati asas kebebasan berkontrak menghormati asas kebebasan berkontrak yang memberikan kebebasan seluas-luasnya yang memberikan kebebasan seluas-luasnya kepada masyarakat untuk mengadakan kepada masyarakat untuk mengadakan perjanjian

perjanjian dalam dalam mendirikan mendirikan PerseroanPerseroan Terbatas berdasarkan ketentuan dalam Terbatas berdasarkan ketentuan dalam hukum perdata.

hukum perdata.

Such easy access to do business is provided Such easy access to do business is provided by

by changing changing the the amount amount of of the the authorizedauthorized capital of a Limited Liability Company from capital of a Limited Liability Company from at least Rp50,000,000 (fifty million rupiah) at least Rp50,000,000 (fifty million rupiah) as originally set, into an amount that is fully as originally set, into an amount that is fully left to the agreement of the founders of the left to the agreement of the founders of the Limited

Limited Liability CLiability Company. ompany. The The discretiondiscretion to set the amount of the authorized capital of to set the amount of the authorized capital of a Limited Liability Company that is left to a Limited Liability Company that is left to the founders of the Limited Liability the founders of the Limited Liability Company is an effort of the Government to Company is an effort of the Government to uphold the principle of freedom of contract uphold the principle of freedom of contract by

by leaving leaving full full discretion discretion to to the the public public toto enter into an agreement to set up a Limited enter into an agreement to set up a Limited Liability Company under the provisions of Liability Company under the provisions of the civil law.

the civil law. Kebijakan Pemerintah dalam memberikan

Kebijakan Pemerintah dalam memberikan kebebasan kepada para pendiri Perseroan kebebasan kepada para pendiri Perseroan Terbatas untuk menentukan besaran modal Terbatas untuk menentukan besaran modal dasar, selain bertujuan untuk memberikan dasar, selain bertujuan untuk memberikan kemudahan berusaha bagi para pengusaha kemudahan berusaha bagi para pengusaha dalam rangka memulai usahanya juga untuk dalam rangka memulai usahanya juga untuk meningkatkan investasi yang pada gilirannya meningkatkan investasi yang pada gilirannya akan mendorong pertumbuhan usaha mikro, akan mendorong pertumbuhan usaha mikro, kecil, dan menengah.

kecil, dan menengah.

The policy of the Government to give the The policy of the Government to give the founders of a Limited Liability Company founders of a Limited Liability Company discretion to set the amount of the discretion to set the amount of the authorized capital, in addition to providing authorized capital, in addition to providing business actors with easy access to s

business actors with easy access to start theirtart their business, also has the purpose to increase the business, also has the purpose to increase the investment in order to, in turn, enhance the investment in order to, in turn, enhance the growth of micro, small, and medium growth of micro, small, and medium business.

business. Dengan demikian, Peraturan Pemerintah

Dengan demikian, Peraturan Pemerintah

dibentuk dalam rangka memberikan

kepastian hukum bagi pelaku pembangunan kepastian hukum bagi pelaku pembangunan ekonomi nasional khususnya dalam memulai ekonomi nasional khususnya dalam memulai usaha.

usaha.

In conclusion, this Regulation of the In conclusion, this Regulation of the Government is made to give legal certainty Government is made to give legal certainty to the national economic development to the national economic development actors, especially when starting business. actors, especially when starting business.

II.

II. PASAL PASAL DEMI DEMI PASAL PASAL II. II. ARTICLE ARTICLE BY BY ARTICLEARTICLE Pasal

Ayat

Ayat (1) (1) Section Section (1)(1)

Yang dimaksud dengan “wajib Yang dimaksud dengan “wajib memiliki modal dasar perseroan” memiliki modal dasar perseroan” adalah bahwa setiap Perseroan adalah bahwa setiap Perseroan Terbatas harus memiliki modal Terbatas harus memiliki modal dasar yang cukup dalam memulai dasar yang cukup dalam memulai kegiatan usaha.

kegiatan usaha.

“Must have an authorized capital of “Must have an authorized capital of the company” means every Limited the company” means every Limited Liability Company must have an Liability Company must have an adequate authorized capital to start adequate authorized capital to start business.

(6)

6 6

Ayat

Cukup

Cukup jelas. jelas. Sufficiently Sufficiently clear.clear. Ayat

Penentuan besaran modal dasar Penentuan besaran modal dasar Perseroan Terbatas berdasarkan Perseroan Terbatas berdasarkan kesepakatan para pendiri Perseroan kesepakatan para pendiri Perseroan

Terbatas adalah upaya

menghormati asas kebebasan

berkontrak

berkontrak yang yang memberikanmemberikan

kebebasan kepada masyarakat

untuk mengadakan perjanjian

dalam mendirikan Perseroan

Terbatas berdasarkan ketentuan Terbatas berdasarkan ketentuan dalam hukum perdata.

dalam hukum perdata.

The amount of the authorized The amount of the authorized capital of a Limited Liability capital of a Limited Liability Company set by agreement of the Company set by agreement of the founders of the Limited Liability founders of the Limited Liability Company is an effort to uphold the Company is an effort to uphold the principle

principle of of freedom of freedom of contract contract byby leaving discretion to the public to leaving discretion to the public to enter into an agreement to set up a enter into an agreement to set up a Limited Liability Company under Limited Liability Company under the provisions of the civil law. the provisions of the civil law. Pasal

Cukup

Cukup jelas. jelas. Sufficiently Sufficiently clear.clear. Pasal

Cukup

Cukup jelas. jelas. Sufficiently Sufficiently clear.clear. TAMBAHAN LEMBARAN NEGARA

TAMBAHAN LEMBARAN NEGARA REPUBLIK INDONESIA NOMOR 5901 REPUBLIK INDONESIA NOMOR 5901

SUPPLEMENT TO THE STATE GAZETTE OF SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER THE REPUBLIC OF INDONESIA NUMBER 5901

5901

Translated by Wishnu Basuki Translated by Wishnu Basuki

wbasuki@gmail.com wbasuki@gmail.com