Legal Literacy - The buying and selling of shares in Indonesia is currently very rife and developing very rapidly, of course, on the other hand, this development continues, especially in the business world regarding the buying and selling of shares in Limited Liability Companies (PT). From this business development, individuals flock to carry out Limited Liability Company Share Purchase transactions, thus it is legally important to be able to discuss the Legal Consequences of Objective Conditions Not Being Met in Share Purchases in Limited Liability Companies (PT).

Limited Liability Company (PT)

A Limited Liability Company (PT) is a legal entity that is a legal entity and is established based on an agreement that can be owned and/or made by business actors, at least established by 2 (two) or more people and each founder has a share of the shares they own, in addition, to carry out business activities in various fields that will be carried out by the Limited Liability Company (PT) must comply with the rules as regulated in Law Number 40 of 2007 concerning Limited Liability Companies (hereinafter referred to as “UU PT”).

Limited Liability Companies (PT) are divided into 2 (two), namely there are Public Limited Liability Companies (PT) and Private Limited Liability Companies (PT), both of which have significant differences, namely in Ownership and Legal Basis between each. However, before discussing Limited Liability Companies (PT) further, it should be noted that in this article the author will only discuss Share Purchases in Private Limited Liability Companies (PT).