Normative Review of The Dissolution of Limited Companies Proposed by Shareholders

Erlangga Dana Arta; Aju  Putri; Janti

doi:10.24252/aldev.v6i2.47885

Erlangga Dana Arta Universitas Diponegoro
(ID)
Aju Putri Universitas Diponegoro
(ID)
Janti Universitas Diponegoro
(ID)

DOI: https://doi.org/10.24252/aldev.v6i2.47885

Keywords: UUPS, sRUPS, Perseroan Limited (PT)

Abstract

This study explains the legal framework governing the dissolution of Limited Liability Companies in Indonesia based on the Limited Liability Company Law (UUPT), with an emphasis on proposals encouraged by the General Meeting of Shareholders (GMS). Acknowledging the multifaceted nature of dissolution, this research emphasizes its far-reaching impact on employees, creditors, and society at large. The normative juridical approach is a methodological framework based on primary legal sources, which includes a comprehensive review of theories, concepts, legal principles and statutory regulations related to the subject matter under study. The legal consequence for a Limited Liability Company (PT) that does not undergo a liquidation process is that the company's continued existence remains, so that it is subject to ongoing legal obligations and administrative requirements which can result in sanctions and fines, while the inability to terminate legal entity status can complicate taxation issues. , licensing, and corporate governance.

References

-AZ Nasution. 2001. Consumer Protection Law An Introduction. Jakarta. Media Edited.

Badrulzaman, Mariam Darus. 1994. Various Business Laws. Bandung. Alumni. Badrulzaman, Mariam Darus. 1996. Civil Code Book III Law on Engagements Explanation. Bandung. Alumni.

Busro Achmad. 2013. Capita Selecta Agreement Law. Yogyakarta. Tree of Light. Djumadi. 2004. Labor Law Employment Agreements. Jakarta. PT. Raja Grafindo Persada Ibrahim, Johanes & Lindawaty Sewu. 2007. Business Law in Modern Human Perception. Second printing. Bandung. PT. Refika Aditama.

Devianti, VR, Suryanti, N., & Afriana, A. (2022). Dissolution of a Limited Liability Company Proposed by Shareholders Who Own a Balanced Percentage of Shares Through Court Determination. Journal of Civil Procedure Law (ADHAPER), 8(1), 75–91.

Ibaidah Ayogi, D., Raya Telang, J., Telang Inda, P., Kamal, K., Bangkalan, K., Timur, J., & writer, K. (2023). Legal Protection of Shareholder Rights in Company Dissolution Based on Law Number 40 of 2007. Journal of Law and Social Politics, 1(3), 111–124.https://doi.org/10.59581/jhsp-widyakarya.v1i3.547

In Dissolution of Limited Liability Companies, M. (2007). LEGAL PROTECTION OF SHAREHOLDERS.

Kiwerdiguna, IGNA, & Widhiyaastuti, IGAAD (2009). STATUS OF THE COMPANY'S LEGAL ENTITY AS A RESULT OF THE DISSOLUTION OF THE COMPANY.

Kurniawan, TA (2022). Legal Protection of Shareholder Rights in the Dissolution of a Company Based on Law Number 40 of 2007 concerning Limited Liability Companies (Case Study of Supreme Court Decision Number 1618 K/PDT/2016). KERTHA WICAKSANA, 16(1), 69–79.https://doi.org/10.22225/kw.16.1.2022.69-79

LAW OF THE REPUBLIC OF INDONESIA NUMBER 40 OF 2007 CONCERNING LIMITED LIABILITY COMPANIES. (nd).

Lismayanti, E., Purwaningsih, E., Yusuf, C., Magister, P., Notary, S., Postgraduate, S., & Yarsi, U. (2023). LEGALITY OF ACTIONS OF THE BOARD OF DIRECTORS OF A LIMITED COMPANY. 3.https://doi.org/10.46306/rj.v3i2

Meliala Adrianus. 2009. Fraudulent Business Practices. Jakarta. Ray of hope

Miru Ahmadi. 2007. Contract Law and Contract Drafting Revised Edition. Jakarta. King Grafindo.

Paramadani, SP (2023). Legal Review of Dissolution of a Limited Liability Company Based on the Decision of the General Meeting of Shareholders (GMS) in accordance with Indonesian and Malaysian Laws. AL-MANHAJ: Journal of Islamic Law and Social Institutions, 5(1), 1025–1034.https://doi.org/10.37680/almanhaj.v5i1.2874

Pelita Harapan Surabaya, U. (2021). 332 ACTA DIURNAL Journal of Notary Law, Unpad Faculty of Law RESPONSIBILITY OF LIMITED COMPANIES IN LIQUIDATION. 4(2).https://doi.org/10.23920/acta.v4i2.595

Probowat, NO, Abunawas, A., & Pranacitra, R. (2022). JURIDICAL ANALYSIS OF LEGAL RULES FOR DISSOLUTION OF LIMITED COMPANIES AND BANKRUPTCY. JUSTITIA: Journal of Law and Humanities, 9(6), 2898–2909.

R. Subekti. 2005. Contract Law. Jakarta: Intermasa.

Ramadhanu, MA, Rosalina, M., & Lubis, MFR (2022). Juridical Analysis of Unlawful Acts Due to Revocation of a Limited Liability Company License Without Going through a General Meeting of Shareholders (Study of Supreme Court Decision Number 3569 K/Pdt/2019). Al-Hikmah Journal of Law and Society, 3(1), 1–23.

Shelly Sonyatan, L. (2014). DISSOLUTION OF A LIMITED COMPANY IS BASED ON THE DECISION OF THE GENERAL MEETING OF SHAREHOLDERS (GMS) IN INDONESIA AND AUSTRALIA. In Journal of Judicial Review: Vol. XVI (Issue 2).

Shidarta. 2014. Indonesian Consumer Protection Law. Jakarta. Kencana.

Sidabalok Janus. 2010. Consumer Protection Law in Indonesia. Bandung. Aditya Bakti's image.

Soekanto, Soerjono and Sri Mamudji. 2004. Normative Legal Research A Short Review. Jakarta. PT. King Grafindo.

Triatama, BY, Al Fiter, Moch. HR, & Sumriyah, S. (2023). Legal Protection for Shareholders in the Limited Liability Company Liquidation Process (Case Study: Central Jakarta District Court Decision Number: 76/Pdt.P/2021/Pn Jkt.Pst). Research Journal of Social Sciences, Politics and Humanities (JURRISH), 2(2), 158–178.

We are Anita. 2013. Build to Handover (Build Operate and Transfer/BOT) Building without having to own land (Perspective of Agrarian Law, Contract Law and Public Law). Bandung. CV. Keni Media.

Yosephin, PP (2021). Juridical Analysis of Dissolution of a Non-Operating Limited Liability Company (PT). Recital Review, 3(2), 314–330.