THE PRINCIPLE’S RULE OF NO PAR VALUE SHARES OF TRADING IN STOCK

Sayidah, Nur and Ida Kariahenta, Silalahi THE PRINCIPLE’S RULE OF NO PAR VALUE SHARES OF TRADING IN STOCK. Jurnal Dinamika Hukum Vol. 15 No. 2.

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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.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
K Law > K Law (General)
L Education > L Education (General)
Divisions: Fakultas Ekonomi dan Bisnis
Depositing User: Aditya Masruri
Date Deposited: 05 Jul 2017 03:53
Last Modified: 05 Jul 2017 03:53
URI: http://repository.unitomo.ac.id/id/eprint/396

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