Punggawa Law Review
Vol. 1 No. 2 (2026): Punggawa Law Review

Notarial Liability for Changes in the Shareholder Composition of Limited Liability Companies

Irba Ufairah Razak (Universitas Indonesia)



Article Info

Publish Date
24 May 2026

Abstract

Changes in the shareholder composition of a limited liability company are not merely internal administrative adjustments. They affect voting power, dividend entitlement, control, beneficial ownership, corporate governance, and the legitimacy of subsequent corporate decisions. In Indonesian practice, such changes commonly arise from share transfers, capital increases, acquisitions, inheritance, conversion of company status, or restructuring of ownership. This article examines the responsibility of notaries in drafting deeds, verifying corporate documents, ensuring the legality of shareholder resolutions, and submitting changes through the electronic legal entity administration system. Using normative research, this article argues that notaries are not absolute guarantors of hidden material facts, but they remain responsible for formal legality, prudence, neutrality, accurate deed-making, document consistency, and accountable electronic filing.

Copyrights © 2026






Journal Info

Abbrev

plr

Publisher

Subject

Description

Punggawa Law Review is a peer-reviewed academic journal that publishes high-quality original research, conceptual analyses, and critical reviews in the field of legal studies. The journal aims to provide a rigorous scholarly forum for the development of legal knowledge, legal theory, and legal ...