Alauddin Law Development Journal (ALDEV)
Vol 6 No 2 (2024): Government Policy and Its Implementation to Maintain the Stability of the Nation

Normative Review of The Dissolution of Limited Companies Proposed by Shareholders

Dana Arta, Erlangga (Unknown)
Putri, Aju (Unknown)
Janti (Unknown)



Article Info

Publish Date
31 Aug 2024

Abstract

This study explains the legal framework governing the dissolution of Limited Liability Companies in Indonesia based on the Limited Liability Company Law (UUPT), with an emphasis on proposals encouraged by the General Meeting of Shareholders (GMS). Acknowledging the multifaceted nature of dissolution, this research emphasizes its far-reaching impact on employees, creditors, and society at large. The normative juridical approach is a methodological framework based on primary legal sources, which includes a comprehensive review of theories, concepts, legal principles and statutory regulations related to the subject matter under study. The legal consequence for a Limited Liability Company (PT) that does not undergo a liquidation process is that the company's continued existence remains, so that it is subject to ongoing legal obligations and administrative requirements which can result in sanctions and fines, while the inability to terminate legal entity status can complicate taxation issues. , licensing, and corporate governance.

Copyrights © 2024






Journal Info

Abbrev

aldev

Publisher

Subject

Humanities Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

ALAUDDIN LAW DEVELOPMENT JOURNAL (ALDEV) IS A PEER-REVIEWED JOURNAL PUBLISHED BY FACULTY OF SYARIAH AND LAW, ALAUDDIN STATE ISLAMIC UNIVERSITY. ALDEV PUBLISHED THREE TIMES A YEAR IN MARCH, AUGUST, AND NOVEMBER. THIS JOURNAL PROVIDES IMMEDIATE OPEN ACCESS TO ITS CONTENT ON THE PRINCIPLE THAT MAKING ...