THE PRINCIPLE’S RULE OF NO PAR VALUE SHARES OF TRADING IN STOCK
Abstract: Regulation of no par
value shares in Indonesia is necessary because the stock market can not apply article
31 paragraph (2) of the Company Law number 40, 2007 because there is no further
adjustment. This condition are known with the legal vacuum. The purpose of this
article is to find the model of no par value shares regulation in Indonesia
Capital Market. Further regulation of no par value shares is needed to fulfill
this legal vacuum. Research method in
this artikel is using normative approach.
The results show that
regulation of no
par value share
must fulfill four
principles. There are
(a) the principle of workable (b)
the principle of global nature (compatible for domestic exchange rules and the
world exchange rules),
(c) the principle
of legal certainty
in justice (d)
the principle of
legal protection.
Author: Nur Sayidah and Ida
Keriahenta Silalahi
Journal Code: jphukumgg150033
