This ARMA Update will discuss the main point of MOF 66/2023, especially regarding (i) general matter, (ii) exemption, and (iii) implementation of income tax of natura and benefit; which applied in work relation and service provision.

General Meeting of Shareholders (“GMS”) is listed among the three organs in an Indonesian limited liability company. It possesses distinct power and authority that are not granted to the other company’s organ: the Board of Directors (“BOD”) and Board of Commissioner (“BOC”). In exercising its authority, the GMS must pass resolutions that require a specific mandatory quorum.

This ARMA Update will further discuss the key changes of merger control regulation based on KPPU Reg 3/2023, including (i) threshold and calculation of asset and sales values, (ii) foreign-to-foreign merger transaction, (iii) the exemption of notification to KPPU, (iv) and the notification system itself.

This ARMA update will discuss the main points on GR 12/2023, such as (i) business licensing in IKN; (ii) ease of business in IKN; and (iii) investment facility in IKN. 

The establishment of a company (pendirian pt) is governed by Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Government Regulation in lieu of Law No. 2 of 2022 concerning Job Creation (“Company Law”)…

This Financial Sector Omnibus Law regulates a combination of multi-sectoral and/or multi-institution regulations such as the provision of the financial institutions (such as Bank Indonesia; Deposit Insurance Agency or Lembaga Penjamin Simpanan – "LPS"; Financial Services Authority or Otoritas Jasa Keuangan – "OJK"), banking law, capital markets law, insurance law, bullion business activities, cooperatives, Micro Small Medium Enterprises (MSME) financing provision, carbon exchange in capital market realm and others.

This ARMA Update discusses key points of this regulation in terms of overview points.