Requirement in the OSS System for Companies to Adjust Their KBLI to the 2017 KBLI

On 11 October 2018, both the Online Single Submission (“OSS”) Team and the Directorate General of General Legal Administration in their websites posted a joint notice of the Ministry of Law and Human Rights Cq. the Directorate General of General Legal Administration and the Coordinating Ministry for Economic Affairs Cq. the OSS Agency (the “Joint Notice”), focusing primarily on the use the 2017 Standard of Indonesian Business Field Classifications (Klasifikasi Baku Lapangan Usaha Indonesia – “KBLI”) as a reference for deciding in how to describe a limited liability company’s objective, purposes and business activities in its Articles of Association and in the OSS system.

Download the article below to get more information on the Joint Notice.