JURIDICAL REVIEW OF JOB CREATION LAW IN INDONESIA PERSPECTIVE OF CORPORATION LAW BODY

Abstract

This research examines the juridical review of the regulation of Limited Liability Companies for micro and small businesses as regulated in the Job Creation Act 2020. The legal issue in this research is how the regulation and the enforcement of Limited Liability Company arrangements for micro and small businesses is regulated in the the Job Creation Act 2020. This research method is a normative juridical study that examines legal principles and legal norms using secondary data. While the data analysis method used was qualitative methods and the data collection tool used was document study. The result of this research is that the regulation of PT UMK is based on Article 109 of the Job Creation Act 2020 which changes some of the provisions for regular PT in the Company Law 2007. The characters of Limited Liability Companies for micro and small businesses include one person being established, determining the amount of capital based on the decision of the company founder, the establishment of PT UMK based on a letter statement of establishment which contains the intent, purpose, authorized capital, and other information, PT UMK will obtain legal entity status after being registered to the Minister and obtaining proof of registration. The enforcement of Limited Liability Company arrangements for micro and small businesses based on the Job Creation Act 2020 comes into force and has binding power on the date of promulgation to state gazette.