Based on PP No. 103 of 2015 Article 6;
The Right to Use as referred to in paragraph (1) may be extended for a period of 20 (twenty) years.
In the event that the period of extension referred to in paragraph (2) expires, the Right to Use may be renewed for a period of 30 (thirty) years.
According to the law in force in Indonesia, the adult age limit is the age of 21 years, if a person has not reached the age of 21 years, then a court decision is required or there is a guardianship from the parents concerned. Article 330 of the Civil Law
Authorized capital is the entire face value of the Company’s shares referred to in the Articles of Association. The authorized capital in principle is the total number of shares that can be issued by the Company
Issued capital is the number of shares that the founder or shareholder has taken. In other words, the issued capital is capital that the founder or shareholder is willing to repay, and the shares have been handed over to related share holder to own.
Paid up capital is capital that has been entered by shareholders as payment for the payment of shares taken as capital placed from the a uthorized capital of the company. Thus, paid up capital is shares that have been paid in full by the holder or owner and at least 25% of the Capital must be deposited at the time of the Company’s establishment.
Based on Limited Liability Company Law No. 40 of 2007 Article 56 paragraph 3: Directors must record the transfer of rights to shares, date and day of transfer of rights in the register of shareholders or special list as referred to in Article 50 paragraph (1) and paragraph (2) and notify the changes in the composition of shareholders to the Minister to be recorded in register of the Company no later than 30 (thirty) days from the date of recording the transfer of rights.
In the event that the notification referred to in paragraph (3) has not been made, the Minister has refused the request for approval or notification carried out based on the composition and name of the shareholders that have not been notified.
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