The General Meeting of Shareholders (“GMS”) is a pivotal within a company, holding exclusive authority distinct from the Board of Directors or Board of Commissioners, as defined by the Law No.40 of 2007 concerning Limited Liability Company (the “Company Law”) and its amendments, alongside the company’s articles of association. Article 78 of the Company Law divides the GMS into two categories: the annual GMS…

The Indonesian Government has officially issued derivative regulations regarding the exemption of import duties for completely built-up (CBU) electric cars, which are effective until December 31, 2025. These provisions are governed by Minister of Investment/Head of the Investment Coordinating Board Regulation No. 6 of 2023 concerning Guidelines and Governance…