Unpaid Share Capital in an Indonesian Company: The Obligation a Share Sale Does Not Erase

In an Indonesian company, the proof that shares were paid can be a statement the company signs itself, not a bank record. Unpaid share capital then survives a share sale, and a buyer of 100 percent inherits the shortfall. This sets out how the gap arises at incorporation, on a later increase, and through sweat equity, what the financial statements hide, and how we cure it at completion.