Thursday, December 07, 2017

Issue Number: 3260

Govt. Clarifies Procedures for the Blocking and Unblocking of Access to the Legal Entity Administration System (SABH) for Limited Liability Companies

In a bid to offer improved legal protection for shareholders and stakeholders in limited liability companies (Perseroan Terbatas – “PT”) during times when said companies are involved in ongoing disputes, the Ministry of Law and Human Rights (“Ministry”) has redefined Ministry Regulation No. 24 of 2012 on Procedures for the Blocking and Unblocking of Access to the Legal Entity Administration System for Limited Liability Companies (“Regulation 24/2012”), through the issuance of an amendment, specifically Ministry Regulation No. 19 of 2017 (“Amendment”)....
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