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Indonesian Corporate Law (The burden shifted to shareholders in case of:…
Indonesian Corporate Law
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The lifting of Limited Liability of the Corporation & the burden will be shifted to either shareholder / Management Board / Supervisory Board
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The burden is shifted to Directors, in case of
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Misrepresentation of Annual Report, especially in the calculation of profit & loss, which caused harm to other parties
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The burden is shifted to Commissaries, in case of
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In case of Misrepresentation of Annual Report, especially in the calculation of profit & loss occurred, & caused harm to other parties, both Directors & Commissaries area liable collectively