RUPS Quorum and Voting Requirements Under Indonesian Company Law
The Rapat Umum Pemegang Saham (RUPS) is one of the governing bodies of a Limited Liability Company (PT), authorized to make key corporate decisions. Under Law No. 40 of 2007 concerning Limited Liability Companies (Company Law), different RUPS agendas are subject to different quorum and voting requirements. Two key elements determine the validity of a RUPS resolution: • Attendance Quorum: The minimum percentage […]