Document background
The Deed of Assignment of Shares of Stocks is a crucial legal instrument in Indonesian corporate transactions, used whenever there is a transfer of share ownership between parties. This document is essential for documenting and legally effectuating share transfers in compliance with Indonesian law, particularly Law No. 40 of 2007 on Limited Liability Companies. It is commonly used in various scenarios including corporate restructuring, investment transactions, succession planning, or strategic acquisitions. The deed must be executed before an Indonesian notary and includes critical information such as party details, share specifications, consideration, warranties, and completion requirements. Additional regulatory requirements may apply depending on factors such as foreign ownership, industry sector, or whether the company is publicly listed. The document serves as official evidence of the share transfer and is required for updating company registers and obtaining necessary regulatory approvals.
