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Articles Of Dissolution Nonprofit

Articles Of Dissolution Nonprofit Template for Indonesia

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Key Requirements PROMPT example:

Articles Of Dissolution Nonprofit

"I need Articles of Dissolution Nonprofit for my educational foundation in Jakarta that will cease operations by March 2025 due to mission completion, with approximately $500,000 in assets to be transferred to a similar educational charity."

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Document background
Articles of Dissolution Nonprofit is a crucial legal document required when terminating a nonprofit foundation in Indonesia. This document becomes necessary when a foundation decides to cease operations due to various reasons such as mission completion, financial insolvency, or regulatory requirements. The articles must comply with Indonesian Law No. 16 of 2001 on Foundations and its amendments, requiring approval from the foundation's governing bodies and submission to the Ministry of Law and Human Rights. It includes essential information about asset distribution, creditor settlements, tax clearance, and final reporting requirements. The document serves as the foundation's final legal filing and must be prepared with careful attention to regulatory compliance and stakeholder interests.
Suggested Sections

1. Foundation Information: Legal name, registration number, and address of the nonprofit foundation

2. Declaration of Dissolution: Formal statement declaring the intention to dissolve the foundation

3. Resolution Details: Reference to the board resolution authorizing the dissolution, including date and voting results

4. Reasons for Dissolution: Clear statement of the grounds for dissolution as per Article 62 of Law No. 16 of 2001

5. Dissolution Process: Step-by-step procedure for winding up the foundation's affairs

6. Asset Distribution Plan: Detailed plan for distribution of remaining assets in accordance with foundation law

7. Settlement of Liabilities: Statement regarding the settlement of all foundation debts and obligations

8. Tax Clearance: Declaration regarding tax compliance and settlement of tax obligations

9. Notification Requirements: List of authorities to be notified and publication requirements

10. Board Certification: Signatures and declarations from board members confirming the dissolution details

Optional Sections

1. Employee Matters: Section addressing employee termination and benefits (if the foundation has employees)

2. Ongoing Projects Transfer: Details of transfer or termination of ongoing projects and programs

3. Foreign Authority Notifications: Required for foundations with international operations or foreign funding

4. Property Transfer Provisions: Detailed provisions for transfer of real property owned by the foundation

5. Intellectual Property Assignment: Provisions for transfer of intellectual property rights, if any

Suggested Schedules

1. Board Resolution: Copy of the board resolution approving the dissolution

2. Asset Inventory: Complete inventory of foundation assets and their proposed distribution

3. Creditor List: List of all known creditors and status of liabilities

4. Financial Statements: Final financial statements of the foundation

5. Tax Clearance Certificate: Documentation of tax compliance from tax authorities

6. Publication Proof: Evidence of public announcement of dissolution in approved newspaper

7. Stakeholder Notifications: Copies of notifications sent to relevant stakeholders

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Foundation (Yayasan)
Articles of Association (Anggaran Dasar)
Board of Trustees (Pembina)
Board of Executives (Pengurus)
Board of Supervisors (Pengawas)
Dissolution Date
Effective Date
Resolution
Assets
Remaining Assets
Liabilities
Creditors
Ministry
Minister of Law and Human Rights
State Gazette
Tax Clearance Certificate
Public Announcement
Dissolution Notice
Liquidator
Foundation Registry
Recipients
Asset Distribution Plan
Final Financial Statements
Foundation Law
Regulatory Approval
Publication Requirements
Charitable Purpose
Similar Purpose Entity
Governing Documents
Final Report
Relevant Industries

Charitable Organizations

Education

Healthcare

Social Services

Religious Organizations

Environmental Conservation

Arts and Culture

Community Development

Humanitarian Aid

Research and Development

Relevant Teams

Legal

Finance

Compliance

Administrative

Executive Leadership

Operations

Risk Management

Audit

Corporate Governance

Regulatory Affairs

Relevant Roles

Foundation Director

Board Chairman

Legal Counsel

Chief Executive Officer

Chief Financial Officer

Compliance Officer

Program Director

Administrative Director

Foundation Secretary

Treasurer

Audit Manager

Risk Management Officer

Operations Manager

Nonprofit Administrator

Industries
Law No. 16 of 2001 on Foundations (Undang-Undang Yayasan): The primary law governing foundations in Indonesia, including provisions for establishment, management, and dissolution of nonprofit organizations
Law No. 28 of 2004: Amendment to Law No. 16 of 2001, providing updated regulations on foundation governance and dissolution procedures
Government Regulation No. 63 of 2008: Implementing regulation for the Foundation Law, detailing specific procedures for foundation activities including dissolution
Minister of Law and Human Rights Regulation No. 5 of 2014: Specific procedures for foundation registration and administration, including dissolution reporting requirements
Law No. 36 of 2008 on Income Tax: Tax regulations affecting the dissolution of nonprofits, including provisions for handling remaining assets and tax obligations
Indonesian Civil Code (KUHPerdata): General provisions affecting legal entities and contracts, relevant for dissolution procedures and creditor rights
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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