Articles Of Incorporation Federal Template for Indonesia

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Key Requirements PROMPT example:

Articles Of Incorporation Federal

"I need Articles of Incorporation Federal for a new technology startup in Jakarta that will have both local and foreign shareholders, with plans to receive venture capital funding by March 2025 and potential IPO considerations."

Document background
Articles of Incorporation Federal in Indonesia is the primary constitutional document required when establishing a new company or corporation. This document must be prepared when founders wish to create a legal entity separate from its owners, providing limited liability protection and a formal business structure. The Articles must comply with Law No. 40 of 2007 and related regulations, containing mandatory provisions about the company's identity, purpose, capital structure, and governance framework. It serves as the foundation for all corporate activities and relationships, defining shareholder rights, management responsibilities, and operational parameters. The document must be drafted in Indonesian language, executed before a qualified notary public, and registered with the Ministry of Law and Human Rights to obtain legal entity status. This formal establishment process is crucial for businesses seeking to operate legally in Indonesia and access various business opportunities, including government contracts and banking facilities.
Suggested Sections

1. Name and Domicile: Company name, legal domicile, and duration of the company's existence

2. Purpose and Objectives: Details of business activities and scope of operations

3. Capital Structure: Authorized capital, issued capital, paid-up capital, and number and classification of shares

4. Shares: Share classifications, rights and obligations attached to shares, transfer restrictions

5. General Meeting of Shareholders: Procedures for conducting GMS, voting rights, quorum requirements

6. Board of Directors: Composition, appointment/dismissal procedures, duties, authorities, and responsibilities

7. Board of Commissioners: Composition, appointment/dismissal procedures, supervision duties and authorities

8. Annual Reports and Distribution of Profits: Procedures for financial reporting and profit distribution

9. Dissolution and Liquidation: Procedures and grounds for company dissolution and liquidation process

Optional Sections

1. Foreign Investment Provisions: Required for companies with foreign ownership, detailing compliance with foreign investment regulations

2. Share Transfer Pre-emptive Rights: Optional provisions detailing shareholders' rights of first refusal for share transfers

3. Corporate Social Responsibility: Optional section for companies committing to specific CSR activities

4. Subsidiary Relationships: Required for companies planning to have or already having subsidiary relationships

5. Special Rights Shares: Optional section for companies issuing shares with special rights or different classifications

6. Environmental Compliance: Required for companies in industries with environmental impact considerations

Suggested Schedules

1. Share Ownership Details: Complete list of initial shareholders and their respective shareholdings

2. Initial Board Composition: Details of first appointed Board of Directors and Board of Commissioners

3. Company Address: Detailed address and contact information of the company's registered office

4. Business Activities: Detailed list of business activities aligned with Indonesian Standard Industrial Classification

5. Capital Structure Details: Detailed breakdown of authorized, issued, and paid-up capital

6. Required Licenses: List of licenses and permits required for company operations

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

Relevant legal definitions
Clauses
Relevant Industries

Manufacturing

Technology

Financial Services

Retail

Energy

Mining

Agriculture

Healthcare

Education

Transportation

Construction

Real Estate

Hospitality

Professional Services

Media and Entertainment

Telecommunications

Relevant Teams

Legal

Corporate Secretariat

Compliance

Corporate Governance

Executive Leadership

Finance

Risk Management

Corporate Affairs

Business Development

Investment

Relevant Roles

Chief Executive Officer

Company Secretary

Legal Counsel

Corporate Lawyer

Compliance Officer

Chief Financial Officer

Board Director

Commissioner

Corporate Governance Officer

Risk Management Officer

Managing Director

General Counsel

Business Development Director

Investment Manager

Corporate Affairs Manager

Industries
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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