IMPLEMENTATION OF DUE DILIGENCE NOTARY BEFORE AND AFTER THE COMPANY LEGAL ENTITY PT LISTING IN THE CAPITAL MARKET

Abstract

Background. The capital market involves the public offering and selling of publicly traded firms' securities, with businesses required to complete the necessary paperwork and submit registration statements to Bapepam, supported by organizations and experts. This research aimed to describe the implementation of due diligence notary before and after the company's legal entity listing in the Capital Market. Research Method. This legal research includes normative and empirical legal research. This research is descriptive-analytical, namely research that describes facts and data regarding the implementation of Notary due diligence and the principle of openness before and after the Limited Liability Company listing in the Capital Market. Findings. The application of the principle of openness in the capital market is necessary for the implementation of Notary due diligence. This means that before carrying out the duties of the Notary in making deeds, the Notary verifies the company's data, which will be mentioned in the deed he will draft. The Notary's responsibilities both before and after listing include making amendments to the articles of association, minutes of the General Meeting Shareholders, deeds of agreements about public offerings, and registration with Bapepam. The Notary's role is restricted to the deed he executes; that is, to guarantee that the deed's intent, content, and purpose are correct and do not contravene applicable laws, statutes, regulations, or the code of ethics. Conclusion. The notary has made the deed properly and correctly to the applicable provisions and code of ethics, so in this case the notary has been protected.