Written by Samuel S. K. A. on 05/03/2025
The author’s views are entirely their own and may not always reflect the views of Putranto Alliance.
Below is an AI generated discussion of the topic summary. For any clarity or accuracy please contact us here.
The General Meeting of Shareholders (Rapat Umum Pemegang Saham / RUPS) is a key event ensuring transparency, accountability, and strategic decision-making. It provides shareholders a platform to engage with company leadership, review performance, and influence future business directions.
Our specialized service simplifies the RUPS process, ensuring regulatory compliance while fostering productive shareholder dialogue. Partnering with us helps organizations strengthen governance practices and stakeholder relationships
A General Meeting of Shareholders (Rapat Umum Pemegang Saham / RUPS) is a formal meeting of a company’s shareholders, typically held annually. This meeting is a legal requirement to ensure shareholders have a voice in corporate governance and strategic planning.
It serves as a platform for shareholders to discuss and vote on key matters, such as:
Based on Law Number 40 Year 2007 concerning Limited Liability Company, there are 2 (two) types of the meeting:
Annual GMS (RUPS Tahunan):
Must be held at least once a year within six months after the fiscal year ends.
For example, if the fiscal year ends in December 2024, the company must conduct RUPS by the end of June 2025 to comply with corporate governance standards.
Annual RUPS discuss the company’s annual report, including:
Audited financial statements for the previous fiscal year.
Company activity report for the previous fiscal year, such as:
Corporate social responsibility (CSR) and environmental reports.
Issues affecting business operations.
Board of Commissioners’ supervisory report.
Appointment of public accountant and public accountant office (Kantor Akuntan Publik / KAP) for the current year.
Can be held anytime based on company needs for urgent or strategic matters, for example:
Rights Issue.
Share repurchase (stock buyback).
Approval to transfer and/or pledge company assets.
Amendments to the Articles of Association.
Appointment of directors and commissioners.
Approval of mergers, acquisitions, or corporate restructuring.
Company dissolution.
Filing for bankruptcy.
Extension of the Company’s Establishment Period.
There are important points to consider in preparing the meeting, such as:
Our company specializes in providing comprehensive services for organizing the meeting, tailored to meet the unique needs of each organization, such as:
Customized RUPS Solutions:
We offer tailored solutions that align with the legal requirements and goals to ensure a successful Annual or Extraordinary RUPS.
Tailored Circulation Resolution for Corporate Actions:
We offer alternative decision-making without a formal RUPS if all shareholders agree in writing via Circulation Resolution.
Legal Documentation:
The legal experts ensure necessary documents such as MoM and related legal documents.
Failing to conduct RUPS within the required timeframe can lead to legal consequences, including penalties and potential challenges to the company’s governance practices.
Yes, RUPS can be conducted virtually, such as:
Shareholders may also approve decisions outside RUPS through a Circulation Resolution, provided all shareholders with voting rights agree in writing.
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putranto@putranto-alliance.com
Jl. Denpasar Raya Blok C4/24
Kompleks Menteri, Kuningan
Jakarta Selatan, 12950, Indonesia
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