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IMPLEMENTATION OF THE ROLE OF NOTARY THROUGH CAPITAL MARKET IN THE ERA OF ASEAN ECONOMIC COMMUNITY

Journal: International Journal of Civil Engineering and Technology (IJCIET) (Vol.8, No. 8)

Publication Date:

Authors : ;

Page : 1054-1059

Keywords : Notary; Role And Function; Deed; Capital Market; Legal Certainty.;

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Abstract

Law has evolved as an order and system, from limited functions as an instrument to meet the needs of local communities, to the new function as a controller of community life order on both national and global scale. One of the government effort in the field of economic is to pursue development in capital market, which required support mainly by parties related to the capital market. Therefore, the institutional performance of capital market is sustained by various professional device regulated by legislation, in order to provide legal certainty to all parties involved in capital market activities. Herein is notary registered in the institutional capital market. Notary is a public official who is responsible to make authentic deed which could be the evidence of certain legal actions. The notary deed is an authentic document and the legal proof for parties in a variety of business relationships. The need of legal certainty in a variety of economic and social relations, both nationally, regionally and globally, given the role and functions of notary proficiency level. Similarly, to meet the Asean Economic Community goals, the notary has the strategic function to provide protection and legal certainty through deeds, as well as part of the legal system in business contract establishment.

Last modified: 2018-04-10 15:41:20