Main Article Content
Abstract
The advanced development of science and technology also has an impact on the development of a country's economy. The rapid development of the economy, especially in the financial sector, has made the capital market a source of financing for a company. Companies that enter the capital market are public companies that have made public offerings on the stock exchange. One of the risks in selling on the stock exchange through the capital market is delisting. This study aims to analyze the legal basis for delisting and the responsibilities of delisted issuers to investors in the capital market. The research method used in this study is a normative juridical research type and uses statutory and conceptual approaches. The results of the study show that the responsibilities of issuers who are delisted to investors in the capital market are regulated in the Capital Market Law, the Limited Liability Company Law and the Financial Services Authority Regulations which regulate the mechanism for repurchasing shares and the legal protection given to investors for acts of negligence rather than issuers, in the form of sanctions given to forced delisting issuers. However, the regulation still does not explain in detail what form of responsibility the issuer should provide for the losses experienced by investors. In order to overcome these problems, clear arrangements are needed regarding the form of issuer's responsibility and legal protection for investors due to delisting, so as to provide legal certainty for investors.
Article Details
References
- Buku
- Chatamarrasjid, Penerobosan Cadar Perseroan Dan Soal-Soal Aktual Hukum Perusahaan, PT
- Citra Aditya Bakti, Bandung, 2012.
- Hamud M. Balfas, Hukum Pasar Modal Indonesia, PT Tata Nusa, Jakarta, 2020.
- Jonaedi Efendi, dan Johnny Ibrahim, Metode Penelitian Hukum Normatif dan Empiris, Kencana,
- Jakarta, 2016.
- Mia Lasmi Wardiyah, Manajemen Pasar Uang & Pasar Modal, Pustaka Setia, Bandung, 2017.
- Sentosa Sembiring, Hukum Pasar Modal, Nuansa Aulia, Bandung, 2019.
- Soejono, dan H. Abdurrahman, Metode Penelitian Hukum, Rineka Cipta, Jakarta, 2020.
- Peraturan perundang-undangan
- Undang-Undang Pasar Modal Nomor 8 Tahun 1995
- Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 22/POJK.04/2019 Tentang
- Transaksi Efek
- Peraturan Otoritas Jasa Keuangan Nomor 3/POJK.04/2021 Tentang Penyelenggaraan Kegiatan
- di Bidang Pasar Modal
- Peraturan Otoritas Jasa Keuangan Nomor 43/POJK.04/2020 tentang Kewajiban Keterbukaan
- Informasi dan Tata Kelola Perusahaan Bagi Emiten atau Perusahaan Publik yang Memenuhi Kriteria Emiten dengan Asset Skala Kecil dan Emiten dengan Asset Skala Menengah
- Jurnal
- Ida Bagus Rama Pratistha, I Nyoman Putu Budiartha, Desak Gede Dwi Arini, Akibat Hukum
- terhadap karena adanya Penghapusan Pencatatan (Forced Delisting) Perusahaan Terbuka di Pasar Modal, Jurnal Konstruksi Hukum, Vol. 3, No. 1, Januari 2022.
- Okta Sesario Adiprakosa, Perlindungan Hukum Bagi Investor Saat Terjadi Penghapusan
- Pencatatan (Delisting) Saham Perseroan Terbatas (PT) di Pasar Modal, Jurnal Hukum Vol. 2 No.1, 2015.
- Website
- Pipit Ika Ramadhani, “OJK Targetkan Revisi Aturan Buyback Perusahaan Delisting Rampung pada
- ”, diunduh tanggal 23 Maret 2023 dari
- https://www.liputan6.com/saham/read/5199637/ojktargetkan-revisi-aturan-buyback-perusahaan-delisting-rampung-pada-2023
References
Buku
Chatamarrasjid, Penerobosan Cadar Perseroan Dan Soal-Soal Aktual Hukum Perusahaan, PT
Citra Aditya Bakti, Bandung, 2012.
Hamud M. Balfas, Hukum Pasar Modal Indonesia, PT Tata Nusa, Jakarta, 2020.
Jonaedi Efendi, dan Johnny Ibrahim, Metode Penelitian Hukum Normatif dan Empiris, Kencana,
Jakarta, 2016.
Mia Lasmi Wardiyah, Manajemen Pasar Uang & Pasar Modal, Pustaka Setia, Bandung, 2017.
Sentosa Sembiring, Hukum Pasar Modal, Nuansa Aulia, Bandung, 2019.
Soejono, dan H. Abdurrahman, Metode Penelitian Hukum, Rineka Cipta, Jakarta, 2020.
Peraturan perundang-undangan
Undang-Undang Pasar Modal Nomor 8 Tahun 1995
Peraturan Otoritas Jasa Keuangan Republik Indonesia Nomor 22/POJK.04/2019 Tentang
Transaksi Efek
Peraturan Otoritas Jasa Keuangan Nomor 3/POJK.04/2021 Tentang Penyelenggaraan Kegiatan
di Bidang Pasar Modal
Peraturan Otoritas Jasa Keuangan Nomor 43/POJK.04/2020 tentang Kewajiban Keterbukaan
Informasi dan Tata Kelola Perusahaan Bagi Emiten atau Perusahaan Publik yang Memenuhi Kriteria Emiten dengan Asset Skala Kecil dan Emiten dengan Asset Skala Menengah
Jurnal
Ida Bagus Rama Pratistha, I Nyoman Putu Budiartha, Desak Gede Dwi Arini, Akibat Hukum
terhadap karena adanya Penghapusan Pencatatan (Forced Delisting) Perusahaan Terbuka di Pasar Modal, Jurnal Konstruksi Hukum, Vol. 3, No. 1, Januari 2022.
Okta Sesario Adiprakosa, Perlindungan Hukum Bagi Investor Saat Terjadi Penghapusan
Pencatatan (Delisting) Saham Perseroan Terbatas (PT) di Pasar Modal, Jurnal Hukum Vol. 2 No.1, 2015.
Website
Pipit Ika Ramadhani, “OJK Targetkan Revisi Aturan Buyback Perusahaan Delisting Rampung pada
”, diunduh tanggal 23 Maret 2023 dari