What does UUPT stand for?

Undang-Undang Perseroan Terbatas

The Undang-Undang Perseroan Terbatas (UUPT) is a pivotal piece of legislation in the Business sector, governing the formation, operation, and dissolution of limited liability companies in Indonesia. It outlines the legal framework for corporate governance, shareholder rights, and the responsibilities of directors and commissioners, ensuring transparency and accountability in business operations.

This law also addresses the procedures for mergers, acquisitions, and other corporate actions, providing a clear legal pathway for businesses to expand or restructure. By setting standards for financial reporting and corporate conduct, the UUPT plays a crucial role in fostering a healthy business environment, encouraging investment, and protecting stakeholders' interests.