The Future of the General Meeting of Shareholders: Integrate Virtual Space in Limited Liability Companies

Abstract

In the digital era, the electronic organization of the General Meeting of Shareholders (GMS) has become a crucial aspect for Closed Limited Liability Companies (PT) (Non-Tbk) to enhance operational efficiency and flexibility. This research examines the legal framework necessary for the implementation of electronic GMS in Indonesia, with a particular focus on the legal, technical, and practical aspects involved. In light of the provisions outlined in Law No. 40 of 2007 on Limited Liability Companies and associated regulations, this article underscores the necessity for amendments to the company's articles of association, the utilization of secure technology, and procedures for verifying the identity of participants. This research is normative, employing legislative and analytical research approaches. The results of this research show the legal framework for conducting general meetings of shareholders through electronic media in a closed limited liability company (non-Tbk). The implementation of technology for electronic general meetings (GMS) provides efficiency and flexibility, but requires legal adaptation, data security and regulatory compliance. The process involves updating the articles of association, using secure technology and following legal procedures for notification and verification. Notarization remains essential to ensure the validity of electronic deeds, and registration in the Ministry of Law and Human Rights' AHU system is an important step in this process. Regulatory adjustments and capacity building of law enforcement agencies are needed to support the implementation of this technology.