Proceedings of the International Conference for Democracy and National Resilience 2022 (ICDNR 2022)

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Legal Liability of Indonesia Private Company to Third Parties: A Lesson Learned from India

Authors
Kukuh Tejomurti1, *, Maria Madalina1, Umi Khaerah Pati1, Anang Setiyawan1
1Faculty of Law, Universitas Sebelas Maret, Surakarta, Indonesia
*Corresponding author. Email: kukuhmurtifhuns@staff.uns.ac.id
Corresponding Author
Kukuh Tejomurti
Available Online 16 December 2022.
DOI
10.2991/978-2-494069-75-6_29How to use a DOI?
Keywords
liability; micro-small enterprises; one-person company
Abstract

The development of business in Indonesia is increasingly advanced, making the Indonesian government strive to take advantage of the potential possessed by its people in the business sector by making it easier for people struggling in Micro and Small Enterprises. This article examines the legal liability of Private Company boards to third parties based on Job Creation Law. The article uses prescriptive legal research and approaches in this study: the statute, comparative, and conceptual. The research shows that in the Job Creation Law, it is necessary to strengthen regulations regarding Liability Companies of OPC to clarify the limits of authority, management, and accountability. It can also adopt the same “one-tier” system as applied by India due to the form of India’s OPC being simpler and more practical, which is regulated in one law concerning Limited Liability Companies with various forms of Companies, both private and public companies AI.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference for Democracy and National Resilience 2022 (ICDNR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
16 December 2022
ISBN
10.2991/978-2-494069-75-6_29
ISSN
2352-5398
DOI
10.2991/978-2-494069-75-6_29How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kukuh Tejomurti
AU  - Maria Madalina
AU  - Umi Khaerah Pati
AU  - Anang Setiyawan
PY  - 2022
DA  - 2022/12/16
TI  - Legal Liability of Indonesia Private Company to Third Parties: A Lesson Learned from India
BT  - Proceedings of the International Conference for Democracy and National Resilience 2022 (ICDNR 2022)
PB  - Atlantis Press
SP  - 232
EP  - 236
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-75-6_29
DO  - 10.2991/978-2-494069-75-6_29
ID  - Tejomurti2022
ER  -