LIMITED COMPANY

COMPANY LIMITED is a legal entity which is a capital alliance, established under the agreement, and conduct business with a total authorized capital divided into shares - Law No. 40 Year 2007 regarding Limited Liability Company (Company Law). A Legal Entity, Limited Liability Company is considered as individuals are individuals who can perform a legal act itself, have their own property, sue and be sued and in court. To become a Legal Entity, Limited Liability Companies must meet the requirements and procedures for ratification of PT as provided in Company Law, the approval of the Minister of Justice and Human Rights Republic of Indonesia. These include procedures for submission and examination of the name of PT to be established, making the Articles of Association, Articles of Association and approval by the Minister. As the alliance capital, intellectual capital PT consists of entirely distributed in the form of shares. The founders of PT is obliged to take part in the form of capital stock - and they have proof the letter as a form of capital stock. Responsibility of the shareholders is limited to the capital or stock in a company dimasukkanya (limited liability). All the debt the company can not ditimpakkan to personal wealth of shareholders, but only to the extent the share capital of the shareholders of remitted it to the company. Establishment of PT is based on the agreement. As a treaty, the establishment of PT should be done by more than one person who promised each other to establish the company, and promised that those who enter his capital into the company in shares. The agreement must be made in the form of notarial deed in the Indonesian language - the notary in question is a notary whose jurisdiction according to the domicile of the company. To be valid a legal entity, the deed must be approved by the Minister of Justice and Human Rights. Capital Company Limited Capital Company Limited consists of Authorized, Issued and paid-in capital. Capital is the total value of the company, ie how much the company can be assessed based on the capital. Capital is not a real capital because the company has not been fully paid up capital - only within certain limits to determine the total value of the company. This assessment is especially useful when determining the class of the company. Issued capital is the ability of shareholders to invest their capital into the company. Issued also not a real capital because it has not fully deposited into the company, but it just shows the magnitude of the share capital that could be included in the company's shareholders. PT Capital paid-in capital is considered real, ie the share capital that has actually deposited into the company. In this case, the shareholders have actually deposit the capital into the company. According to the Company Law, should have been Issued and fully paid by the shareholders. Organ Company Limited Organ PT means the organization that menyelenggaran a limited liability company, which is comprised of holders of Shares of General Meeting (AGM), the Board of Directors and the Board of Commissioners. Each organ has a function and its role on their own. General Meeting of Shareholders (AGM) is an organ that has a top notch company in determining the direction of the company. Shareholders have the ultimate power and authority that is not submitted to the Board of Directors or Board of Commissioners. Authority includes the establishment and amendment of the company, the determination and reduction of capital, examination and approval and ratification of the annual report, the determination of the use of profits, appointment and dismissal of the Boards, the determination of the merger and consolidation and corporate takeover, and the determination of the dissolution of the company. Board of Directors is the organ that the company fully responsible for the maintenance of interests and objectives of the Company and represent the company both in and out of court. Directors in charge of running the daily management of the company, and in carrying out the maintenance of the Board of Directors has the authority to act on behalf of the company. In running the management company, usually assisted by the Management Board. Board of Commissioners is the organ charged with supervising the company in general and / or corresponding special company's Articles of Association as well as provide advice to the Board of Directors. In exercising such authority, the Board authorized to examine company books and matching them with the financial situation of the company. Appropriate authority, the Board of Directors also reserves the right to dismiss if the action contrary to the Statutes or regulations that apply. (Legal Access).