Notification of Creditors and Ministry
Within a period of 30 days as of the date of the start of liquidation of the PT company, the liquidator shall notify the liquidation of the company to:
A. the creditors, by way of announcement in a local newspaper and the State Gazette of the Republic of Indonesia; and
B. the ministry of law and human rights, by updating the company register which is maintained by the ministry.
Liquidator Tasks During Liquidation
Once appointed the liquidator is fully responsible to liquidate the PT company in accordance with legislation.
1. recording and collecting of the assets and debts of the company;
2. paying creditors;
3. announcing the plan for distribution of assets in the newspaper and the Sta…
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