THE LAW OF THE REPUBLIC OF INDONESIANUMBER 40 OF 2007CONCERNINGLIMITED LIABILITY COMPANYBY THEGRACEOFALMIGHTYGODTHEPRESIDENTOFTHEREPUBLICOFINDONESIAConsidering:a.thatthenationaleconomy,whichis implementedbasedon economicdemocracywiththeprinciplesofcommu nity,fairefficiency,su stainability,environmentalawareness,independence,andsafegu ardsforbalancedprogressandnationaleconomicu nity,needsto besu pportedbya strongeconomicinstitu tionsinthecontextofcreatingprosperityforcommu nity;b.thatin thecontextofincreasingthenationaleconomicdevelopmentandatthesametimeprovidingastrongfou ndationforthebu sinessworldin facingthedevelopmentofworldeconomyandprogressinscienceandtechnologyin thecomingglobalizationera,a su pportis neededto enacta lawthatregu lateslimitedliabilitycompanywhichcanassu retheimplementationofa condu civeclimateforthebu sinessworld;c.thata limitedliabilitycompanyas one ofthenationaleconomicdevelopmentpillars,needto begivenalegalgrou ndin orderto acceleratemoreofthenationaldevelopmentcomposedas a mu tu aleffortbasedontheprincipleoffamilyspirit;d.thatLawNo.1of1995regardingLimitedLiabilityCompanyis consideredno longerin accordancewiththelegaldevelopmentsandneedsofsociety,so thatit is deemednecessaryto bereplacedwitha newlaw;e.thatbasedon theconsiderationas referredto in lettera,letterb,letterc,andletterd,it is necessarytoforma Lawon LimitedLiabilityCompany;InViewof: Article5paragraph(1),Article20,andArticle33ofthe1945Constitu tionoftheRepu blicofIndonesia;Withtheu nanimou sapprovalof:THE HOUSE OF REPRESENTATIVEAndTHE PRESIDENT OF THE REPUBLIC OF INDONESIAHAVING RESOLVEDTo stipu late : A LAW ON LIMITED LIABILITY COMPANYCHAPTERIGENERALPROVISIONSArticle1Inthislawthefollowingtermshavethefollowingmeanings:1.LimitedLiabilityCompany,hereinafterreferredto as theCompany,meansa legalentityconstitu tesacapitalalliance,establishedbasedon anagreement,in orderto condu ctbu siness...
