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The Guide to Company Deregistration in Indonesia | Dezan Shira & Associates

posted 2 years ago

The company dissolution process in Indonesia can be voluntary or non-voluntary. The voluntary dissolution occurs when the owners or investors of the business choose to close the business, due to a variety of reasons from low cash flow to the mismanagement of business operations to excessive company liabilities.

The non-voluntary dissolution of a company is defined under Article 142 of the Company Law of 2007, which include:

  • Court decision to liquidate the company in case the company’s assets are insufficient to settle bankruptcy costs;
  • Revocation of business license;
  • Company dissolution based on a general meeting of shareholders (GMS);
  • Dissolution as mentioned in the company’s Articles of Association; or
  • Bankruptcy assets of a company declared bankrupt are placed in a state of insolvency.

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