This document discusses several topics in commercial law:
1. It outlines the rules for transferring shares, including using a deed of transfer of right, which can take the form of a sale and purchase grant. Special provisions apply in the capital market.
2. It describes the organization and responsibilities of directors and boards of commissioners in Limited Liability Companies. Directors are responsible for management while boards of commissioners provide oversight.
3. The document also discusses cooperatives, including their characteristics, elements, types (based on founders and scope of business), organizational structure, and sources of capital. Cooperatives are based on principles of cooperation and economic solidarity.
This document discusses several topics in commercial law:
1. It outlines the rules for transferring shares, including using a deed of transfer of right, which can take the form of a sale and purchase grant. Special provisions apply in the capital market.
2. It describes the organization and responsibilities of directors and boards of commissioners in Limited Liability Companies. Directors are responsible for management while boards of commissioners provide oversight.
3. The document also discusses cooperatives, including their characteristics, elements, types (based on founders and scope of business), organizational structure, and sources of capital. Cooperatives are based on principles of cooperation and economic solidarity.
This document discusses several topics in commercial law:
1. It outlines the rules for transferring shares, including using a deed of transfer of right, which can take the form of a sale and purchase grant. Special provisions apply in the capital market.
2. It describes the organization and responsibilities of directors and boards of commissioners in Limited Liability Companies. Directors are responsible for management while boards of commissioners provide oversight.
3. The document also discusses cooperatives, including their characteristics, elements, types (based on founders and scope of business), organizational structure, and sources of capital. Cooperatives are based on principles of cooperation and economic solidarity.
This document discusses several topics in commercial law:
1. It outlines the rules for transferring shares, including using a deed of transfer of right, which can take the form of a sale and purchase grant. Special provisions apply in the capital market.
2. It describes the organization and responsibilities of directors and boards of commissioners in Limited Liability Companies. Directors are responsible for management while boards of commissioners provide oversight.
3. The document also discusses cooperatives, including their characteristics, elements, types (based on founders and scope of business), organizational structure, and sources of capital. Cooperatives are based on principles of cooperation and economic solidarity.
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Comercial Law Meet 5
23/09/2022 Transfer of shares
If transferres using a deed of transfewr of right
Deed of transfer if right can be in form of sale and purchase grant In the capital market, special provisions apply Organ Limitid Liability Company
GMS (rapat umum pemegang saham)
Director : the main rule is to run the management of company. Maanagement function, to do representative function which like dispute with another company Board of commissaries Responsible of Director (Art 97 Company law)
Responsible the management
The managenemnt must implemented with good faith full of reponsibility Each member of directoir is fully respnsible for loss of lLC The condition the director are not respopnsiblity if they can prove
The loss was not due to his faukt or negligent
Has carried out management in good faith and prudently for the interenst of the company in accordance with the aims and objective Has no conflinct of interenst Has taken steos to prevent the liss from continuing Board of Commissioners Is the organ in charge of supervising the company’s general and/ specified by statue and provide advice to the board of directors Responsibilities Board of Commissioners
Responsible for oversight related to management policies and management practies
It is oblogatory to exercise supervision with faith and caution in carrying out duties Personally responsible whe violating the peinciples of good faith anf precucation General Meeting Shareholder (GMS) Organ of the company that has the authority not given to the directors or the board of commissioners within the limits determnined by the company law and or article s of associate Authority if GMS
Determination of amandements to the articles of association
Share repurchase by the conpany or its transfer Incrase the company Determination of the use of profit Take the decision to dissolve LLC Determination regarding merger, consolidation and takeover Appointment and dissmisal of directors and commissioneers Comercial MEET 7 29/09/2022 Cooperative Is a bussines entity consisting of person or legal entities with the bases cooperative activities based on the principle of cooperation as well as people’s economic on the principle of kindshp (law no 25 of 1992) Characteristic of cooperative
Cooperatives are based on pancasila and the 1945 constitution and are based on the principle of kindship Cooperative aims to promote the walfare of mambers in particular and society in general Elements of cooperative
A cooperative is not capital association organization, but an association of people
based on social, togetherness and responsibility Cooperative membership is voluntary The cooperative aims to improve the welfare of its members. Type of cooperative based on founder
Primary cooperatives : cooperative established by and consisting of indivisual
Secondary cooperatives : cooperatives establish by and consisting of cooperatives. Type of cooperative based on scope of business
Consumption cooperative Service cooperative Multipurpose cooperative (KSU) Production cooperative Saving and loans cooperatives Organ Cooperative 1. Meeting of members Articles of association General policy in the field of managhement organizations and cooperative business Selection, appointment, dismissal of executive and supervisiors Work plan, cooperative renevue and expenditure budget plan, ,as well as ratification of financial reports Ratification of the executive accountability in carrying out their duties Distribution of the remaining income from the bussiness Merger, consolidation, division and dissolution of cooperative 2. Executive board Managing cooperatives and theur businesses Submit a draft work plan as well as a draft income and expenditure budget plan for cooperatives Hold a member meeting Submit financial reports and accountability for the implementation of task Maintain a list of members and administators books 3. Supervisor board Supervise the implementation of polices and management of cooperatives Make a written report on the result of its supervision CAPITAL 1. Internal Main saving Mandor saving Reserved fund grant 2. Loan Member Other cooperative and/their Banks and or other financial institutions bond 3. Capital investment Government Commmunity members Business entity Other agenciy Main saving : only pay in one time since join Mandatory saving/ wajib : tergantung pada aturan asosiasi pada koperasi
