Document background
The Bylaws Operating Agreement is a foundational document required for establishing and operating a limited liability company (PT) in Indonesia. This document is essential for compliance with Indonesian corporate law, particularly Law No. 40 of 2007, and combines traditional bylaws with operational guidelines. It is typically prepared during company formation or when updating existing corporate governance structures. The agreement details crucial aspects such as share capital, management structure, shareholder rights, decision-making processes, and corporate governance requirements specific to Indonesian jurisdiction. This document is particularly important for companies with foreign investment, as it must address both local corporate requirements and international business practices while ensuring compliance with Indonesian investment regulations.
