Chapter VI:BUSINESS LAW:A. COMPANY LAW
Introduction
Since the implementation of the 25-year economic
development-planning program, Indonesian economic growth can
be attributed to an increase in participation of small and large
business enterprises. Not only has there been an increase in assets
and capital accumulation, enlistment of human resources, but also
business resources (which from time to time create a business
cycle). One of the business entities that dominate, in the Indonesian
business sector, is the Limited Liability Company. As a created
legal entity, it is necessary for an Indonesian Limited Liability
Company to be supported not only by its own organs, but also by
clear and concise regulations in order to maximize and utilize its
organizational and managerial ability effectively and efficiently.
Hence, strong and stable business entities are very important to
enhance national development. It is therefore necessary to have a
brief overview of business organizations within the framework of
Indonesian Company Law.
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