Abstract
Regulations on the shares suspension in Indonesia run ineffectively because it does not define the maximum time period of the sanction determination, those regulation do not secure the issuer performance which is suspended whether it gets better and gets stable income, even the company becomes negligent in applying the good corporate governanceprinciples, which then also causes the investors do not get dividend and capital gain on several years and do not get valid information from the company because a retardation of information delivery to the public often happens on the suspended issuer. Legal protection to the investors can be seen from the existing regulations and the regulation duties upon some practices of information openness way periodically either through prospectus and annual report, interim financial report, incidental report, and public exposure and legal protection from OJK, is by giving administrative sanctions to every company’s violation negligence in applying the good corporate governance, so that the company’s management gets worse and becomes a reason why the company is still suspended, then the form of protection from BEI is by delisting the related issuer, and returning the investor’s funds which can be done by using share repurchasing mechanism, whereas the protection from the Incorporated Company Regulations is the presence of personal right, derivative right, Appraisal Right, and EnqueteEcht which can be done by the investor as the shares holder.