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General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?

General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?

General Meeting of Shareholders (“GMS”) is listed among the three organs in an Indonesian limited liability company. It possesses distinct power and authority that are not granted to the other company’s organ: the Board of Directors (“BOD”) and Board of Commissioner (“BOC”). In exercising its authority, the GMS must pass resolutions that require a specific mandatory quorum.

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Determination Of 2023 Motor Vehicle Tax (PKB)  And  Exemption Of Duty On The Transfer Of Motor Vehicle Ownership (BBNKB) And PKB For Electric Vehicles (EV)

Determination Of 2023 Motor Vehicle Tax (PKB) And Exemption Of Duty On The Transfer Of Motor Vehicle Ownership (BBNKB) And PKB For Electric Vehicles (EV)

This ARMA Update will discuss the calculation of PKB, especially on the special policy of PKB for EV, apart from the determined PKB contained in the appendix of MoHA Reg 6/2023. 

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ESG and Climate Change Update: The Long-Awaited Carbon Trading for the Forestry Sector
ESG & Climate Change ARMA Admin ESG & Climate Change ARMA Admin

ESG and Climate Change Update: The Long-Awaited Carbon Trading for the Forestry Sector

This ARMA Update will delve into the essential aspects outlined in MOEF Reg 7/2023. These include exploring various forms of activities and trading within the forestry sector, understanding the associated requirements, fulfilling reporting and evaluation obligations, navigating carbon levies, and examining provisions related to international carbon trading.

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Peraturan KPPU No. 3 Tahun 2023 The New Revamped Merger Control Regulation in Indonesia

Peraturan KPPU No. 3 Tahun 2023 The New Revamped Merger Control Regulation in Indonesia

This ARMA Update will further discuss the key changes of merger control regulation based on KPPU Reg 3/2023, including (i) threshold and calculation of asset and sales values, (ii) foreign-to-foreign merger transaction, (iii) the exemption of notification to KPPU, (iv) and the notification system itself.

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Kepmenhub No 8 Tahun 2023 - ESG: Climate Change Mitigation Actions in Transportation Sector based on Minister of Transportation Decree No. KM 8 of 2023
ESG & Climate Change ARMA Admin ESG & Climate Change ARMA Admin

Kepmenhub No 8 Tahun 2023 - ESG: Climate Change Mitigation Actions in Transportation Sector based on Minister of Transportation Decree No. KM 8 of 2023

In order to achieve the Indonesian Government's commitment to reduce greenhouse gas ("GHG") emissions as reflected in Indonesia’s Enhanced Nationally Determined Contribution (ENDC) which also mandated in the Presidential Regulation No. 98 of 2021 on Carbon Pricing for Achieving NDC Target and Controlling GHG Emission in National Development, it is necessary to..

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