JAKARTA - Indonesia Financial Group (IFG) ensures that the process of consolidation (streamlining) the state-owned enterprise (BUMN) insurance cluster carried out together with Danantara Indonesia takes place in accordance with the legal corridor. This step is strengthened through synergy with the Ministry of Law of the Republic of Indonesia to equalize understanding of the latest regulations related to the administration of legal entities.
This effort is realized through the implementation of IFG Regulatory Update: socialization of the Minister of Law Regulation Number 49 of 2025 concerning the Terms and Procedures for the Establishment, Change, and Dissolution of Limited Liability Companies (PT). This activity was attended by the board of directors and commissioners of IFG holding members, directors of state-owned insurance companies in the Danantara Indonesia ecosystem, and IFG Group partner notaries.
The forum discussed the implementation of the latest provisions regarding the administration of legal entities, ranging from the use of the Legal Entity Administration System (SABH), substantive verification of corporate data change transactions, the obligation to submit annual reports, inactive corporate management, to various technical aspects of legal entity administration.
IFG Human Resources and Legal Director Rizal Ariansyah said as part of Danantara Indonesia, IFG is committed to ensuring that the President's direction regarding the consolidation of the BUMN insurance cluster is carried out by prioritizing good corporate governance and compliance with laws and regulations.
"Good corporate governance and compliance with regulations are important foundations in maintaining integrity, business sustainability, creating legal certainty, and building public trust and stakeholder confidence in the IFG Group," Rizal said in an official statement, Friday, July 31.
Rizal said, through this activity, IFG wants to ensure that all entities in the holding environment have the same understanding in implementing regulations appropriately, consistently, and accountable.
He added, as a state-owned holding company in the insurance, surety, and investment sectors, IFG together with all members of the holding periodically carries out various corporate actions that require the fulfillment of legal entity administration appropriately, accurately, and in accordance with regulations.
"In this process, the notary has a strategic role as a partner company to ensure that the process of fulfilling the legal entity administration runs in accordance with applicable provisions, both substantively and procedurally," he said.
Therefore, IFG invites partner notaries in this socialization activity to have a complete understanding of the provisions of the administration of legal entities as regulated in Decree of the Minister of Law and Human Rights Number 49 of 2025. This step is expected to support the time and compliance in the administration of legal entities in all IFG Group entities.
Meanwhile, the Director of the Ministry of Law Business Agency, Andi Taletting Langi, appreciated IFG's steps in organizing regulation socialization as a form of commitment to strengthen legal understanding in supporting the BUMN consolidation process.
According to Andi, the success of SOEs is not only measured by the size of assets owned, but also by the quality of corporate governance which is able to build trust from regulators, investors, and all stakeholders.
"BUMN should not be proud just because they have large assets. Building good governance will be much more valuable because that is what builds the trust of regulators, investors, and all stakeholders," said Andi.
Through the implementation of the IFG Regulatory Update, IFG hopes that all entities in the holding environment have a common understanding in implementing the latest provisions regarding the administration of legal entities.
Strengthening compliance with regulations is expected to improve the quality of corporate governance, strengthen risk management, and support the success of transformation and consolidation of SOEs under the auspices of Danantara Indonesia.
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