Liquidator Professional Responsibility in Company Liquidation

International Journal of Multicultural and Multireligious Understanding

View Publication Info
 
 
Field Value
 
Title Liquidator Professional Responsibility in Company Liquidation
 
Creator Hariyanto, Gunawan
Suhariningsih, Suhariningsih
Winarno, Bambang
Sihabuddin, Sihabuddin
 
Subject
Responsibility; Liquidator Profession; Liquidation; Company
 
Description The dissolution of a Limited Liability Company is basically something that isn’t desired by the shareholders, therefore the implementation of the dissolution of a Limited Liability Company should be avoided as much as possible, because the dissolution of a Limited Liability Company will provide great losses for the shareholders of the company and the parties directly related to the Company Limited. Pursuant to Article 142 paragraph (1) of Law Number 40 of 2007 concerning Limited Liability Companies, the dissolution of a Company may occur due to: First, based on the resolution of the General Meeting of Shareholders;  Second, because the period stipulated in the articles of association has ended;  Third, based on a court order;  Fourth, with the revocation of bankruptcy based on the decision of the commercial court which has permanent legal force, the Company's bankruptcy assets are not sufficient to pay bankruptcy costs;  Fifth, because the Company's bankrupt assets that have been declared bankrupt are in a state of insolvency as regulated in the Law on Bankruptcy and Postponement of Debt Payment Obligations;  Sixth, due to the revocation of the Company's business license, which requires the Company to conduct liquidation in accordance with the provisions of laws and regulations.  Based on the research results, the liquidator must make and submit a report on the liquidation implementation process, the report contains the responsibility for the liquidation he did.  Furthermore, the accountability report is given and submitted by the liquidator to the General Meeting of Shareholders, the District Court, the liquidator is obliged to notify the final result of the liquidation to the Minister, the liquidator is also required to announce the final result of the liquidation process in a newspaper, the liquidator is responsible to the General Meeting of Shareholders or the court that appointed it  for the liquidation of the Limited Liability Company. There is a criminal sanction, and if it can be proven that the liquidator acted the opposite / cheated arbitrarily in the sense of not clearing all company affairs in the context of liquidation, then the liquidator can be prosecuted by reporting violations of the code of ethics, and the Liquidator has the right to attend a lawsuit in court , Liquidators have the power to maintain and dispose of assets, Liquidators have general administrative power, Liquidators have continuous control rights over the Company's liquidation assets, Liquidators have the right to sell the liquidated assets.
 
Publisher University of Hamburg
 
Contributor
 
Date 2021-01-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ijmmu.com/index.php/ijmmu/article/view/2212
10.18415/ijmmu.v8i1.2212
 
Source International Journal of Multicultural and Multireligious Understanding; Vol 8, No 1 (2021): January 2021; 43-48
2364-5369
2364-5369
10.18415/ijmmu.v8i1
 
Language eng
 
Relation http://ijmmu.com/index.php/ijmmu/article/view/2212/1935
 
Rights Copyright (c) 2020 International Journal of Multicultural and Multireligious Understanding
http://creativecommons.org/licenses/by-nc-nd/4.0
 

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