Illegitimate Actions in the Termination of the President Director of PT Bank Pembiayaan Rakyat Syariah Taman Indah Darussalam through an Extraordinary General Meeting of Shareholders: Study of the Decision Number 9/PDT.G/2023/PN.BNA

The General Meeting of Shareholders (GMS) is, in theory, convened by the Board of Directors, as stipulated in Article 79 paragraphs (1), (2), and (3) of Law Number 40 of 2007 regarding Limited Liability Companies. The President Director must be apprised of the General Meeting of Shareholders (GMS), as the President Director convenes the GMS, and the meeting's rationale is explicitly articulated. In Decision Number 9/Pdt.G/2023/PN.BNA, the shareholders of PT. Bank Pembiayaan Rakyat Syariah Taman Indah Darussalam executed an unlawful act by dismissing the bank's director in a manner that contravened legal protocols. The study employs the normative juridical research technique. This research aims to examine and elucidate the legal ramifications for the parties engaged in illicit activities during the RUPSLB regarding the termination of the Director of PT. BPRS, as per decision Number 9/Pdt.G/2023/PN.Bna. The research findings demonstrate that the legal ramifications of the Defendants' activities render their execution legally defective. The incorrect execution of the Board of Directors' firing process, characterised by ambiguous justifications and the absence of a defence from the Board, is the cause of this issue.