that the capital market will be developed toward sustainable growth and generate positive impacts on the national economy. At present, there are six legislations administered by the SEC, namely: the
authorizing PP, such as no public advertisements Extension of period and change of price is prohibited. Checklist must be submitted to the SEC with the report of the sale results within 15 days. In case of a
growth of the company by providing opportunity for directors and employee to take part in the ownership of the business. Positive gains of the company will also benefit the shareholders. However, the