Can a General Shareholders' Meeting Be Held Outside the Company's Registered Office?

As a rule, a General Meeting of Shareholders (GMS) must be held at the company's registered office or where it conducts its main business activities, as provided in Article 76 paragraph (1) of Law Number 40 of 2007 on Limited Liability Companies (the Limited Liability Company Law).

There is an exception when all shareholders are present and/or represented and unanimously approve the specific agenda. In that case, the GMS may be held anywhere within the territory of the Republic of Indonesia, and resolutions may be adopted only if approved unanimously, under Article 76 paragraphs (4) and (5) of the Limited Liability Company Law.

Accordingly, a GMS may be held outside the company's registered office if all shareholders are present or represented, unanimously approve the agenda, and the meeting takes place in Indonesia.