Foundation Articles Of Association Template for Indonesia

Foundation Articles of Association are essential legal documents required for establishing and operating a foundation (Yayasan) in Indonesia. This document is mandatory under Indonesian Law No. 16 of 2001 as amended by Law No. 28 of 2004 and must be prepared when founding a new non-profit organization or restructuring an existing one. It contains crucial information about the foundation's identity, objectives, organizational structure, and governance mechanisms. The document must be drafted in Indonesian language and executed before a Notary Public, who then submits it to the Ministry of Law and Human Rights for approval. It serves as the primary reference for all foundation activities, decision-making processes, and dispute resolution, ensuring compliance with Indonesian legal requirements for non-profit organizations.

1. Name, Duration and Domicile: Foundation's name, duration of establishment (typically indefinite), and legal domicile in Indonesia

2. Purpose and Objectives: Detailed description of the foundation's social, humanitarian, and/or religious purposes and objectives

3. Assets: Initial assets separated from founders' wealth, sources of funding, and asset management principles

4. Organization Structure: Overview of the three mandatory organs: Governing Board (Pembina), Management Board (Pengurus), and Supervisory Board (Pengawas)

5. Governing Board: Composition, appointment, duties, authorities, and meeting procedures of the Governing Board

6. Management Board: Composition, appointment, duties, authorities, and responsibilities of the Management Board

7. Supervisory Board: Composition, appointment, duties, and authorities of the Supervisory Board

8. Work Plan, Fiscal Year, and Annual Report: Provisions for annual planning, fiscal year definition, and reporting requirements

9. Amendment of Articles of Association: Procedures and requirements for amending the Articles of Association

10. Merger and Dissolution: Procedures for foundation merger or dissolution

11. Dispute Resolution: Mechanisms for resolving internal disputes and conflicts

12. Closing Provisions: Final provisions and implementation clauses