General

• The company must be a Limited Liability Company (PT)
• For Developer and Main Board, the initial share price must be at least IDR 100,- (one hundred Rupiah)
• For Acceleration Development Board, the initial share price must be at least IDR 50,- (fifty Rupiah)

Board of Directors and Commissioners

• In accordance with POJK 33/POJK.04/2014 concerning Directors and Board of Commissioners of Issuers or Public Companies, a minimum of two directors of a public company and a minimum of two Commissioners are required.
• At least 30% of the members of the Board of Commissioners must be Independent Commissioners who may be elected through the GMS prior to the Registration Statement and begin to serve effectively when the public company’s shares are listed.

GCG

• In accordance with POJK 55/POJK.04/2015, an audit committee is required
• In accordance with POJK 56/POJK.04/2015, an internal audit unit is required
• In accordance with POJK 35/POJK.04/2014, a corporate secretary is required