In Indonesia, a liquidation of an Indonesian company by virtue of Article 142, paragraph 1 of the Indonesian Law No. 40 of 2007 on Limited Liability Company (“Company Law”), could performed by the following reasons :
1. Based on a resolution of the General Meeting of Shareholders (“GMS”).
2. Due to the expiry of the company, as prescribed in the articles of association.
3. A court order.
4. Revoked bankruptcy statement based on binding court judgment, and the asset of the company is not sufficient to pay the bankruptcy cost or.
5. Due to the revocation of the company’s business permit, so that the company is obliged to conduct liquidation according to prevailing regulations.
Showing posts with label stock management. Show all posts
Showing posts with label stock management. Show all posts
Wednesday, July 16, 2014
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