Business Articles Of Association for Indonesia
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Business Articles Of Association
"I need Business Articles of Association for a technology startup in Jakarta with three local founders and potential foreign investment planned for March 2025, including provisions for virtual board meetings and special protections for minority shareholders."
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1. Company Identity: Name and domicile of the company, including complete address of the head office
2. Purpose and Objectives: Company's business activities and goals in accordance with Indonesian Standard Industrial Classification (KBLI)
3. Duration: Period of establishment of the company (whether limited or unlimited)
4. Capital Structure: Details of authorized capital, issued capital, and paid-up capital, including number and classification of shares
5. Share Provisions: Rights and obligations attached to shares, including voting rights and dividend rights
6. Board of Directors: Appointment, dismissal, duties, authorities, and responsibilities of Directors
7. Board of Commissioners: Appointment, dismissal, duties, authorities, and responsibilities of Commissioners
8. General Meeting of Shareholders: Procedures for conducting GMS, voting mechanisms, and quorum requirements
9. Financial Year and Annual Reports: Provisions regarding fiscal year, annual reports, and profit distribution
10. Dissolution and Liquidation: Procedures and conditions for company dissolution and liquidation