16
1. Preparation
step
Initially,
the
potential
company
needs
to prepare
all
documents
that
are
required
to
conduct
a
public
offering.
The
lists
below
are
the
preparation
that needs to be done.
A. Potential
company
needs
to
have
been
operating
the
same
core
business for at least one full year.
B. Potential
company
should
have at
least
Rp.
5,000,000,000
(Five
billions
Rupiah)
in
net
tangible
assets.
Net
tangible
assets
being
total
assets deducted by intangible,
deferred tax assets and total liabilities.
C.
Approval
from
the
majority
of existing
shareholder
through
general
meeting of shareholders.
D.
Appoint
one
or more
underwriter
after
receiving
approval
from
the
existing shareholders.
E.
Prepare
all the
required
documents
with
the
help
from
appointed
underwriter, such as:
a. Latest financial report statement
that has been audited by a certified
public accountant that is registered in BAPEPAM-LK.
b.
A report on the corporate budgets that has been prepared by a
rightful notary and approved by a skilled authority.
c. Legal
audit report from a consultant
that is registered
in
BAPEPAM-LK.
d. An independent
appraiser
could produce a report of the company
if
needed.
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