Articles Of Incorporation C Corp Template for Indonesia

Articles of Incorporation C Corp represents the primary constitutional document required for establishing a corporation in Indonesia. This document is mandatory when forming a Perseroan Terbatas (PT) and must be prepared in accordance with Law No. 40 of 2007 on Limited Liability Companies. It establishes the legal framework for the company's existence, defining its name, purpose, capital structure, management framework, and operational guidelines. The document must be executed before a public notary and requires approval from the Ministry of Law and Human Rights. It serves as the foundation for all corporate activities and governance, particularly important for both domestic and foreign investors establishing a business presence in Indonesia.

1. Article 1 - Name and Domicile: States the official company name and registered address of the corporation in Indonesia

2. Article 2 - Duration: Specifies the duration of the corporation's existence (typically unlimited)

3. Article 3 - Purpose, Objectives and Business Activities: Details the corporation's business purposes and allowed activities according to the Indonesian Standard Industrial Classification (KBLI)

4. Article 4 - Capital Structure: Specifies authorized capital, issued capital, and paid-up capital, including number and classes of shares

5. Article 5 - Shares: Details the rights and obligations attached to shares, share certificates, and share transfer procedures

6. Article 6 - General Meeting of Shareholders: Outlines procedures for conducting shareholders meetings, voting rights, and quorum requirements

7. Article 7 - Board of Directors: Defines composition, appointment, duties, authorities, and responsibilities of the Board of Directors

8. Article 8 - Board of Commissioners: Specifies composition, appointment, and oversight responsibilities of the Board of Commissioners

9. Article 9 - Annual Reports and Financial Statements: Establishes requirements for financial reporting and annual reports

10. Article 10 - Use of Profits and Dividend Distribution: Details procedures for profit allocation and dividend distribution

11. Article 11 - Dissolution and Liquidation: Outlines procedures for corporate dissolution and liquidation