Government Regulation Number 44 Of 2007

Original Language Title: Peraturan Pemerintah Nomor 44 Tahun 2007

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4f175b05808769313231383530.html

! kc SOES. PERSERO. The Bank. BNI. Stocks. PP 44-2007 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 92, 2007 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 44 in 2007 ABOUT the SALE of SHARES in the COMPANY (PERSERO), PT BANK NEGARA INDONESIA TBK with the GRACE of GOD ALMIGHTY the PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that in order to improve the State's acceptance, performance, value-added Enterprises Company (Persero), PT Bank Negara Indonesia Tbk, and community participation in the company's share ownership of the company (Persero), PT Bank Negara Indonesia Tbk , need to do a sale of shares belonging to the State of the Republic of Indonesia and the issuance of new shares in the Company (Persero), PT Bank Negara Indonesia Tbk;
.,, b. that the sale of State-owned shares and the issuance of the new shares have gained 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: PW. 00/2997/PARLIAMENT/2007 March 29, 2007;
.,, c. that based on considerations as referred to in letter a and letter b, as well as to implement 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 in the Company (Persero), PT Bank Negara Indonesia Tbk;
.,, Considering: 1. Article 5 paragraph (2) of the Constitution of the Republic of Indonesia in 1945;
., ,2. Law No. 8 year 1995 regarding capital market (State Gazette of the Republic of Indonesia Number 64 in 1995, an additional Sheet of the Republic of Indonesia Number 3608) 3. 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);
., ,4. 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);
., ,5. Act No. 18 of 2006 about the budget of the State Expenditures and Revenues in 2007 (State Gazette of the Republic of Indonesia Number 94 in 2006, an additional Sheet of the Republic of Indonesia Number 4662);
., ,6. Government Regulation Number 33 in 2005 about The privatization of the company the company (Persero) (State Gazette of the Republic of Indonesia Number 115 in 2005, an additional Sheet of the Republic of Indonesia Number 4628);
., ,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 on the SALE of SHARES in the COMPANY (PERSERO), PT BANK NEGARA INDONESIA TBK.
Section 1.,, (1) in order to improve the State's acceptance, performance, and value added Enterprises Company (Persero), PT Bank Negara Indonesia Tbk, and community participation in the company's share ownership of the company (Persero), PT Bank Negara Indonesia Tbk, performed on the company's sale of shares of the company (Persero), PT Bank Negara Indonesia Tbk by:.,,.,, a. Republic of Indonesia make sales partly owns shares in the Company (Persero), PT Bank Negara Indonesia Tbk based on the provisions of the capital market; and, b. the company Company (Persero), PT Bank Negara Indonesia Tbk publishes new shares 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 the principle of best price having regard to market conditions.
Article 2, (1) the sale of shares as stipulated in article 1 paragraph (1) letter a, at most 15% (fifteen per cent) of all shares belong to the Republic of Indonesia on the company Company (Persero), PT Bank Negara Indonesia Tbk.
.,, (2) sale of shares as stipulated in article 1 paragraph (1) letter b, at most 15% (fifteen per cent) of all shares of the company the company (Persero), PT Bank Negara Indonesia Tbk which has been issued and paid in full.
.,, (3) the number of shares and the price of the shares will be sold as stipulated in article 1 paragraph (1) letter a is assigned by the Minister of State-owned enterprises, and the number of shares and the share price to be published as stipulated in article 1 paragraph (1) letter b is defined by the general meeting of shareholders in accordance with the provisions of the capital market.
.,, (4) 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 to the Minister of finance.
Section 3.,, (1) the results of the sale of shares as stipulated in article 1 paragraph (1), letter a remitted directly to the General Treasury Account State.
.,, (2) the proceeds from the issuance of new shares of the stock referred to in article 1 paragraph (1) letter b, deposited directly into the coffers of the company the company (Persero), PT Bank Negara Indonesia Tbk.
.,, (3) the results of the sale of shares referred to in subsection (1) and paragraph (2) is the net result after execution cost is reduced by the sales.
.,, (4) the fee referred to in subsection (3) are defined by observing the principles of transparency, accountability, and fairness in accordance with the provisions of the legislation.
Article 4 implementation of the sale of new shares as referred to in article 1 is carried out according to the provisions of law No. 8 year 1995 regarding capital market, having regard to the conditions set forth in law No. 1 year 1995 concerning limited liability company, Act No. 17 of 2003 about the finances of the State, Act No. 19 of 2003 about State-owned enterprises, the Government Regulation Number 41 in 2003 about the Pelimpahan Position , Tasks and authorities of the Minister of finance in the company of the company (Persero), Public Company (public corporation), and Corporate Office (Agreement) to the Minister of State-owned enterprises, the Government Regulation Number 33 in 2005 about The privatization of the company the company (Persero), government regulation Number 44 in 2005 about The inclusion and the administering State Capital in State-owned enterprises and limited liability companies, and Government Regulation Number 45 in 2005 about the establishment , Management, supervision, and the dissolution of the State-owned enterprises, as well as other 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.

.,, Set in Jakarta on July 27, 2007 The PRESIDENT of the Republic of INDONESIA, SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on July 27, 2007 the MINISTER of LAW and HUMAN RIGHTS Republic of INDONESIA, ANDI MATTALATTA