Can someone be imprisoned (Fraud) for being unable to pay debt? Answers: The principle, being unable to pay debt is categorized as civil case (breach of contract) so that it shall not be be criminalized. It is governed under Article
Generally, the Companies’ capital is governed under the article 31 until 36 Law No.40 Year 2007 regarding Limited Liability Company (Company Law). The companies’ capital is divided into three, those are Authorized capital, Issued Capital and Paid-up Capital. I. Authorized
Indoneisan Company Law is regulated under the law No. 40 Year 2007 regarding Limited Liability Company (Company Law) A deed of establishment contains the article of association and other information related to the establisment of company. In principle, other than
Article 92 Paragraph (1) Law No. 40 Year 2007 regarding Limited Liability Company (Company Law) states, Board of Directors will undertake the management of Company for the interest of the company and in accordance with the company’s purpose and objectives.
According to Article 1 paragraph 6 Law No. 40 Year 2007 Regarding Limited Liability Company (Company Law), Board of Commissioner is Company organ with the task of general and/or specific supervision in accordance with the articles of association and giving
Shareholders as the owner of company individually has no significant authority except suing the Board of Directors, Board of Commissioners and other shareholders if their decision harmed him. Shareholders would have had authority if he was within the General Meeting