Government Regulation Number 87 In 2008

Original Language Title: Peraturan Pemerintah Nomor 87 Tahun 2008

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f5ef565d0b837313232303530.html

PP 87-2008 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 218, 2008 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 87 in 2008 on the SALE of the SHARES BELONG to the REPUBLIC of INDONESIA on PT PRASADHA PAMUNAH INDUSTRIAL WASTE with the GRACE of GOD ALMIGHTY the PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that the acceptance in order to optimize the State need to do sales of State-owned shares in PT Prasadha Indonesia Pamunah industrial waste;
.,, b. that the State-owned share sale has received the approval of representatives of the Republic of Indonesia as it poured in the Vice Chairman of the House of representatives of the Republic of Indonesia number: TU. 10/0931/DPRRI/II/2008 February 6, 2008;
.,, c. that based on the provisions of article 4 paragraph (4) of Act No. 19 of 2003 about State-owned enterprises, of any changes to the State capital investment set by government regulation;
.,, d. that based on considerations as referred to in letter a, letter b, letter c, and need to set Government regulations about the sale of State-owned Shares in PT Prasadha Indonesia Pamunah industrial waste;
.,, Considering: 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);
DECIDED:.,, set: GOVERNMENT REGULATIONS on the SALE of the SHARES BELONG to the REPUBLIC of INDONESIA on PT PRASADHA PAMUNAH INDUSTRIAL WASTE.
Section 1.,, (1) the Republic of Indonesia selling all shares owned by PT Prasadha Pamunah industrial waste through sale 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, (1) the sale of shares as stipulated in article 1 paragraph (1) will be conducted over the whole rest of the shares belong to the Republic of Indonesia on PT Prasadha Pamunah industrial waste, that as many as 50 (fifty) shares or a 5% (five percent).
.,, (2) the price of the shares will be sold as referred to in subsection (1) is designated by the Minister of State-owned enterprises.
.,, (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 being sold to the Minister of finance.
Section 3.,, (1) the results of the sale of shares as stipulated in article 2 paragraph (1) 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 sales.
.,, (3) the fee referred to in subsection (2) are defined by observing the principles of transparency, accountability, and fairness in accordance with the provisions of the legislation.
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.

.,, Set in Jakarta on December 31, 2008 The PRESIDENT of the REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on December 31, 2008 the MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, ANDI MATTALATTA