29 April 2020
Introduction
Amid the COVID-19 pandemic, the Indonesian Financial Services Authority (“OJK”) has extended the deadline for public companies to hold annual shareholders meeting from June to 31 August 2020 at the latest.
In light of this, OJK has also expedited issuances of new regulations as a legal ground for public companies to convene General Meeting of Shareholders (“GMS”) through the electronic shareholders meeting or e-RUPS system, which allows shareholders to avoid physical attendance during the Large-Scale Social Restriction (Pembatasan Sosial Berskala Besar/PSSB) period.
The full article can be found from Zicolaw's site here.
For more information, please contact:
Sandro Mieda Panjaitan,
sandro.panjaitan@zicolaw.com
