Government Regulation No. 5 Of 2008

Original Language Title: Peraturan Pemerintah Nomor 5 Tahun 2008

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4e52033d0082b2313231333139.html

PP 5-2008 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 18, 2008 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA number 5 in 2008 ABOUT the CHANGE of the STRUCTURE of STOCK OWNERSHIP of STATE of the REPUBLIC of INDONESIA on PT BLABAK PAPER with the GRACE of GOD ALMIGHTY the PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that based on the decision of the general meeting an extraordinary Stock PT Blabak Paper on 16 June 2004 approved a transfer of accounts receivable of PT to PT Rachmat Basuki Paper Paper Blabak became receivable of PT to PT Blabak Paper Indhasana , transfer of ownership of the shares of PT PT Blabak Paper Paper Basuki Rachmat to PT Indhasana Indonesia Republic and proportionately, and the conversion of a portion of accounts receivable of PT to PT Indhasana Blabak Paper;
.,, b. that the transfer of accounts receivable, transfer of ownership of shares, and the conversion of a portion of the receivables referred to in letter a resulting in a change of the structure of stock ownership in PT Blabak Paper State which should be established by government regulations in accordance with the provisions of article 4 paragraph (4) of Act No. 19 of 2003 about State-owned enterprises jo. 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 company;
.,, c. that based on considerations as referred to in letter a and letter b, need to establish government regulation about the change of the structure of stock ownership of State of the Republic of Indonesia on PT Blabak Paper;
.,, Considering: 1. Article 5 paragraph (2) of the Constitution of the Republic of Indonesia in 1945;
., ,2. Act No. 17 of 2003 about State Finances (State Gazette of the Republic of Indonesia Number 47 in 2003, an additional Sheet of the Republic of Indonesia Number 4286);
., ,3. 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);
., ,4. Act No. 1 of 2004 on the Treasury of the State (State Gazette of the Republic of Indonesia in 2004, an additional Sheet No. 5 of the Republic of Indonesia Number 4355);
., ,5. Act No. 40 year 2007 on limited liability company (State Gazette of the Republic of Indonesia Number 106 in 2007, an additional Sheet of the Republic of Indonesia Number 4756);
., ,6. Government Regulation Number 41 in 2003 about the Pelimpahan Position, duties and authorities of the Minister of finance in the company of the company (PERSERO), Public Company (PUBLIC CORPORATION) and the company (AGREEMENT) to the Office of Minister of State owned enterprises (State Gazette of the Republic of Indonesia Number 82 in 2003, an additional Sheet of the Republic of Indonesia Number 4305);
., ,7. 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 ABOUT the CHANGE of the STRUCTURE of STOCK OWNERSHIP of STATE of the REPUBLIC of INDONESIA on PT PAPER BLABAK.
Article 1 the Republic of Indonesia set changes the structure of stock ownership in PT Blabak Paper State that was established by the Government Regulation number 11 in 1991 about the transfer of State enterprises Form Blabak Company Company (PERSERO) (State Gazette of the Republic of Indonesia No. 14 of 1991).

Article 2, (1) the structure of stock ownership of State referred to in article 1 is originally of 2.90% (two comma ninety percent) or as many as 531 (five hundred thirty-one) shares of the entire number of shares placed and deposited as much as 18,300 (eighteen thousand three hundred) shares, into 0.84% terdilusi (zero comma eighty-four percent) or as many as 531 (five hundred thirty-one) shares of the entire number of shares placed and deposited as much as 63,531 (sixty-three thousand five hundred Thirty-one) shares.
.,, (2) the amount of the nominal value of the shares of the State referred to in paragraph (1) was Rp RP 531.000.000 (five hundred and thirty-one million rupiah) from the entire amount of the nominal value of the shares that are placed and the increase of Rp 63.531.000.000 RP (sixty-three billion five hundred and thirty-one million rupiah).
Article 3 changes to the structure of stock ownership of State of the Republic of Indonesia on PT Blabak Paper referred to in article 1 are implemented more 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 by placing it in the State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on February 4, 2008 The PRESIDENT of the REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on February 4, 2008 the MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, ANDI MATTALATA