#Contoh akta pendirian pt pma code#
Referring to Article 1338 of Indonesian Civil Code (“ KUHPer ”), as long as the contract or agreement, which in this context is the Joint Venture Agreement, is not against the prevailing laws and regulations, it will be valid and binding for the parties. PT under Article 1 point 1 of Law Number 40 of 2007 (“ UUPT”) means alegal entity which initiate an alliance of capital established pursuantto a contract in order to carry on business activities with an authorisedcapital all of which is divided into shares and which fulfils therequirements stipulated in this UUPT and its implementing regulations.Thus, looking up to the definition of PT provided by the law, if we talk about ‘PT’ or Perseroan Terbatas (Limited Liability Company), there will be important matters that have to be understood beside the definition of PT itself, such as the articles of association and the shareholding matters.įirst of all, it has to be understood that PT is established pursuant to a contract or agreement.
In practice, Joint Venture will usually lead to an establishment of a PT JV. This part will be talking about the standing of a Joint Venture Agreement in the context of Joint Venture Limited Liability Company (“ PT JV”) and its shareholders or shareholding matters.Īs a refresher, Joint Venture is a business term that is used to define an activity of two or more parties to form a partnership among them in order to achieve a certain goal. Previously, we have talked generally about what is Joint Venture and the reasons behind it.