Urgency of the Board of Directors Responsibility in Organizing a Limited Liability Company’s General Meeting of Shareholders

This research aims to understand the obligations of the board of directors of a limited liability company in organizing the General Meeting of Shareholders (GMS). The method used by the author is a type of normative juridical research conducted with a conceptual approach. The research results indicate that the board of directors, as the authorized organ of the company, is fully responsible for the management of the company in the interest of the company in accordance with the company’s purposes and objectives, and represents the company both in and out of court in accordance with the Articles of Association. The board of directors’ role as a manager is more explicit and separate from its dual position as an organ and representative in Article 92 paragraph (1) of the Limited Liability Company Law. Non-compliance with reporting regulations and the failure to hold a GMS can lead to further legal issues and create distrust among various stakeholders in the company. The legal consequences of a company not holding a GMS according to the applicable regulations may result in administrative sanctions imposed by the Financial Services Authority (OJK), as referred to in OJK Regulation No. 15/PJOK.04/2020 concerning the Planning and Organization of General Meetings of Shareholders of Public Companies. These sanctions may include warnings, fines, the obligation to pay a certain amount of money, license revocation, or cessation of activities.