Company Restructuring in Indonesia

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Company restructuring refers to a fundamental internal change to improve its business performance. This is usually done to improve three aspects: assets/portfolio, capital/finance, and management/organization.

Restructuring involves a comprehensive overhaul of a company’s operations. This process entails modifications to shareholder composition, company name, location, and capital structure. Additionally, it necessitates adjustments to the company’s management team and the subsequent updating of company data within the Online Single Submission (OSS) system.

While these changes aim to enhance growth, efficiency, and financial health, it’s crucial to carefully consider the potential impact on employees, stakeholders, and customers throughout the restructuring process.

Company Restructuring Process

  1. Shareholder Approval
    Significant company changes are formalized through a General Meeting of Shareholders (GMS). The GMS approves the necessary amendments and appoints individuals to draft the official documents
  2. Deed of Amendment
    A notary public drafts a legal document outlining the approved changes. This document is signed by all relevant parties to validate the alterations
  3. Government Approval
    The amended company documents are submitted to the Ministry of Law and Human Rights for official registration and approval
  4. System Update
    The company’s information is updated on the Online Single Submission (OSS) system to reflect the changes made during the restructuring process

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