THE PRINCIPLE’S RULE OF NO PAR VALUE SHARES OF TRADING IN STOCK
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.
Keywords: capital market, regulation, principle.
Full Text:
PDF View
DOI: http://dx.doi.org/10.20884/1.jdh.2015.15.2.398
Refbacks
- There are currently no refbacks.
JURNAL DINAMIKA HUKUM Indexed by :
 |  |  |
 |  |  |
 |  |  |
 |  |  |
 |  |  |
 |  |  |
 |  |  |
 |  |
 | Jurnal Dinamika Hukum |  |
| Faculty of Law, Universitas Jenderal Soedirman | Copyright of Jurnal Dinamika Hukum | |
| Yustisia IV Building, Law Journal Center | ISSN 2407-6562 (Online) ISSN 1410-0797 (Print) | |
| Purwokerto, Central Java, Indonesia, 53122 | JDH is licensed under a Creative Commons Attribution 4.0 International License | |