Obligations and Liabilities of Board of Directors of an Indonesian Limited Liability Company (PT- Perseroan Terbatas)

In accordance with Indonesian Company Law No. 40 year 2007 (Undang-Undang Republik Indonesia nomor 40 Tahun 2007 tentang Perseroan Terbatas) a “Limited Liability Company” (PT-Perseroan Terbatas) means a legal entity which constitutes a coalition of capital established agreeable to a contract in order to carry out business activities with an authorized capital all of which…