Government Regulation Number 91 By 2013

Original Language Title: Peraturan Pemerintah Nomor 91 Tahun 2013

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f62f107408607313232303537.html

pp91-2013 fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 243, 2013BUMN. PERSERO. The sale. The Stock Of The Country. Pt Sarana Karya.
REGULATION of the GOVERNMENT of the REPUBLIC of INDONESIA NUMBER 91 by 2013 on the SALE of SHARES in a STATE-OWNED COMPANY (PERSERO) PT SARANA KARYA with the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that to enhance the performance and value of the company as well as enlarge the benefits for the country and society, need to do the sale of all shares belong to the Republic of Indonesia on the company Company (Persero) PT Sarana Karya;
b. that the sale of all shares belong to the State has got the approval of representatives of the Republic of Indonesia as it poured in last letter, Deputy Chairman of PARLIAMENT RI/Korekku number: 10974/PW/PARLIAMENT/XI/2012 on November 23, 2012;
c. that based on considerations as referred to in letter a and letter b, as well as to implement the provisions of article 4 paragraph (4) of Act No. 19 of 2003 about State-owned enterprises, the need to establish the Government regulations on the sale of shares belonging to the State of the Republic of Indonesia on the company Company (Persero) PT Sarana Karya;
Remember: 1. Article 5 paragraph (2) of the Constitution of the Republic of Indonesia in 1945;
2. Act No. 19 of 2003 about State-owned enterprises (State Gazette of the Republic of Indonesia number 70 in 2003, an additional Sheet of the Republic of Indonesia Number 4297);
3. Government Regulation Number 33 in 2005 about The privatization of the company the company (Persero) (State Gazette of the Republic of Indonesia Number 79 in 2005, an additional Sheet of the Republic of Indonesia Number 4528) as amended by the Government Regulation Number 59 in 2009 about the changes to the Government Regulation Number 33 in 2005 about The privatization of the company the company (Persero) (State Gazette of the Republic of Indonesia year 2009 Number 136 Additional Sheets, the Republic of Indonesia Number 5055);
4. Government Regulation Number 44 in 2005 about The inclusion and the administering State Capital in State-owned enterprises and limited liability company (State Gazette of the Republic of Indonesia Number 116 of 2005, additional State Gazette of Republic of Indonesia Number 4555);
Decide: define: GOVERNMENT REGULATIONS on the SALE of SHARES in a STATE-OWNED COMPANY (PERSERO) PT SARANA KARYA.
Article 1 (1) of the Republic of Indonesia do sales of all shares in the company owned by the company (Persero) PT Sarana Karya through sales of shares directly in accordance with the provisions of regulation perundangan-undangan in the field of limited liability company.
(2) sale of shares referred to in subsection (1) is conducted based on the principles of transparency, independence, accountability, responsibility, fairness, and the principle of best price having regard to market conditions.
Article 2 of the sale of shares as stipulated in article 1 paragraph (1) is performed over all the shares of a State-owned Company in Indonesia (Persero) PT Sarana Karya as much as 5,000 (five thousand) shares or amounting to 100% (one hundred percent).

Article 3 (1) the sales price of the shares as stipulated in article 2 established by the Minister of State-owned enterprises.
(2) the determination of the price of sale of shares referred to in subsection (1) is carried out by taking into account also the value of the right in other countries who have already accepted the company's Company (Persero) PT Sarana Karya in the form of a capital contribution of the Government of Rp. RP 7.431.982.660 (seven billion four hundred and thirty-one million nine hundred eighty-two thousand six hundred and sixty cents) as recorded in the financial statements of the company the company (Persero) PT Sarana Karya audited year 2012 which has been passed by the general meeting of shareholders.
Article 4 (1) of the stock sale proceeds referred to in article 3 is deposited directly into the State Treasury.
(2) the results of the sale of shares referred to in subsection (1) is the net result after execution cost is reduced by the sale of shares.
(3) the cost of the execution of the sale of shares referred to in subsection (2) is designated by the Minister of State-owned enterprises to pay attention to the principles of fairness, transparency, and accountability in accordance with the provisions of the legislation.
Article 5 After the execution of the sale of shares, the Minister of State-owned enterprises to notify in writing the number of shares and the magnitude of the value of the shares being sold to the Minister of finance.

Article 6 at a time when the company's Company (Persero) PT Sarana Karya switch status to limited liability company fully subject to Act No. 40 year 2007 on limited liability, Government Regulation No. 3 of 1984 on the transfer Form the country becoming the company's Asphalt Company Company (Persero) (State Gazette of the Republic of Indonesia number 3 1984) was revoked and declared inapplicable.

Article 7 this Regulation comes into force on the date of promulgation.

In order to make everyone aware of it, ordered the enactment of this Regulation with its placement in the State Gazette of the Republic of Indonesia.

Established in Jakarta on 24 December 2013 PRESIDENT REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on December 24, 1995 the MINISTER of LAW and HUMAN RIGHTS REPUBLIC of INDONESIA, AMIR SYAMSUDDIN fnFooter ();