Government Regulation Number 86 In 2012

Original Language Title: Peraturan Pemerintah Nomor 86 Tahun 2012

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f5e6d3da0c08b313232303439.html

pp86-2012 fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 200, 2012 the GOVERNMENT REGULATION of REPUBLIC of INDONESIA NUMBER 86 in 2012 ABOUT REDUCTION of EQUITY CAPITAL of the REPUBLIC of INDONESIA in the COMPANY'S COMPANY (PERSERO) PT PERUSAHAAN PENGELOLA ASET with the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that in accordance with the provisions of article 2 paragraph (3) the Government Regulation Number 49 in 2010 about the change of the structure of stock ownership of State through the issuance of new shares in the Company (Persero) PT Waskita Karya the company's shares, ownership of the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya is temporary and on the company's shares of the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya transferred into the possession of the State in accordance with the provisions of the Legislation;
b. that has been improving the company's performance with PT Waskita Karya, after restructuring and/or revitalization needs to do the refund status Company PT Waskita Karya into State-owned enterprises;
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 and section 22 subsection (1) the Government Regulation Number 44 in 2005 about The inclusion and the administering State Capital in State-owned enterprises and limited liability, the need to establish a government regulation on the reduction of the investment Capital of the Republic of Indonesia on the company Company (Persero) PT Perusahaan Pengelola Aset;
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 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);
4. Government Regulation Number 49 in 2010 about the change of the structure of stock ownership of State through the issuance of new shares in the Company (Persero) PT Waskita Karya (State Gazette of the Republic of Indonesia Number 68 in 2010);
Decide: define: GOVERNMENT REGULATIONS CONCERNING the REDUCTION of the INCLUSION of the REPUBLIC of INDONESIA CAPITAL on the COMPANY COMPANY (PERSERO) PT PERUSAHAAN PENGELOLA ASET.
Article 1 the Republic of Indonesia do include reductions of capital on the company Company (Persero) PT Perusahaan Pengelola Aset, which was established based on Government Regulation No. 10 of 2004 concerning the establishment of the company the company (Persero) in the field of asset management as amended by government regulation Number 61 in 2008 about the changes to the regulation of the Government No. 10 of 2004 concerning the establishment of the company the company (Persero) in the field of asset management.

Article 2 (1) a reduction in the country's capital investment as stipulated in article 1 of Rp 804.671.584.634 RP (eight hundred and four billion six hundred seventy-one million five hundred eighty-four thousand six hundred thirty-four dollars), consisting of: a. the company's paid-in capital of the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya Rp RP 474.992.100.000 (four hundred and seventy-four billion nine hundred and ninety-two million one hundred thousand rupiah); and b. the accumulated profits of the company's equity share of the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya Rp RP 329.679.484.634 (three hundred and twenty-nine billion six hundred seventy-nine million four hundred eighty-four thousand six hundred thirty-four dollars).
(2) reduction of capital participation of countries as referred to in subsection (1) is taken from a portion of the company's Corporate capital (Persero) PT Perusahaan Pengelola Aset earmarked for restructuring and/or revitalizing State-owned enterprises.
Article 3 (1) a reduction in the country's capital investment as stipulated in article 2 paragraph (1) makes the company's share ownership of the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya switch into shares of State-owned companies by the company (Persero) PT Waskita Karya Company so that Company (Persero) PT Waskita Karya into State-owned enterprises.
(2) the existence of a transfer of shares referred to in subsection (1) result in the ownership of the country directly on the company's Company (Persero) PT Waskita Karya became 100% (one hundred percent) with the amount of paid in capital became Rp RP 654.992.100.000 (six hundred fifty-four billion nine hundred and ninety-two million one hundred thousand rupiah) consist of: a. the State paid in capital amounting to Rp RP 180.000.000.000 (one hundred eighty billion rupiah); and b. a capital transfer of shares of the company's results the company (Persero) PT Perusahaan Pengelola Asset on the company's Company (Persero) PT Waskita Karya Rp RP 474.992.100.000 (four hundred and seventy-four billion nine hundred and ninety-two million one hundred thousand rupiah).
Article 4 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 20 October 2012 PRESIDENT REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on 20 October 2012, MINISTER of LAW and HUMAN RIGHTS REPUBLIC of INDONESIA, AMIR SYAMSUDDIN fnFooter ();