Government Regulation Number 66 In 2009

Original Language Title: Peraturan Pemerintah Nomor 66 Tahun 2009

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f499c22a094d3313232303134.html

pp62-2009 fnHeader (); The text is not in the original format.
Back COUNTRY SHEET Republic of INDONESIA No. 167, 2009 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 66 in 2009 ABOUT the CHANGE of the STRUCTURE of STOCK OWNERSHIP of STATE through the ISSUANCE and SALE of NEW SHARES in the COMPANY (PERSERO) PT BANK TABUNGAN NEGARA by the GRACE of GOD ALMIGHTY the PRESIDENT of the Republic of INDONESIA, Considering: a. that in order to improve performance, value-added Enterprises Company (Persero) PT Bank Tabungan Negara , and the role of communities in the company's share ownership of the company (Persero) PT Bank Tabungan Negara, need to do the publishing and sale of new shares in the Company (Persero) PT Bank Tabungan Negara are not taken part by the State;
b. that the sale of shares in question has got the approval of representatives of the Republic of Indonesia as it poured in a letter the Chairman of the House of representatives of the Republic of Indonesia Number PW. 01/3075/PARLIAMENT/V/2009 dated May 29, 2009 and the number of AG/6161/PARLIAMENT/IX/2009 dated September 29, 2009;
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 government regulation about the change of the structure of stock ownership of State Through the issuance and sale of new shares in the Company (Persero) PT Bank Tabungan Negara;
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 REGULATION of the STOCK OWNERSHIP STRUCTURE of STATE CHANGES through the ISSUANCE and SALE of NEW SHARES in the COMPANY (PERSERO) PT BANK TABUNGAN NEGARA.
Article 1 (1) in order to improve performance, value-added Enterprises Company (Persero) PT Bank Tabungan Negara, and the role of communities in the company's share ownership of the company (Persero) PT Bank Tabungan Negara, was conducted on the company's sale of shares of the company (Persero) PT Bank Tabungan Negara by way of issuing new shares that are not taken part by the State, for sale on the basis of the provisions of the capital market.
(2) sale of shares referred to in subsection (1) is conducted based on the principles of transparency, independence, accountability, responsibility, fairness, and best price having regard to market conditions.
Article 2 (1) the sale of shares as stipulated in article 1 paragraph (1) is done at most 30% (thirty per cent) so that State ownership of at least 70% (seventy percent) of all shares of the company the company (Persero) PT Bank Tabungan Negara which has been placed and paid in full after the share sale.
(2) the number of shares and the magnitude of the value of the shares to be issued and sold as referred to in subsection (1) is designated by the Minister of State-owned enterprises as the general meeting of shareholders.
Article 3 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 issued and sold as well as the structure of stock ownership in the company of the company (Persero) PT Bank Tabungan Negara to the Minister of finance.

Article 4 (1) the results of the sale of new shares as stipulated in article 2 cash deposited to the company's Company (Persero) PT Bank Tabungan Negara.
(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 fixed by the Minister of State-owned enterprises and must pay attention to the principles of fairness, transparency, and accountability in accordance with the provisions of the legislation.
Article 5 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 November 16, 2009 the PRESIDENT of the REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on November 16, 2009 the MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, PATRIALIS AKBAR fnFooter ();