Government Regulation Number 32 In 2006

Original Language Title: Peraturan Pemerintah Nomor 32 Tahun 2006

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PP 32-2006 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 68, 2006 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 32 in 2006 about PUBLIC MONEY PRINTING COMPANY of REPUBLIC of INDONESIA (PERUM PERURI) with the GRACE of GOD ALMIGHTY the PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that the Government Regulation Number 34 in 2000 about the company General of the Republic of Indonesia Money Printing (PERUM PERURI) is incompatible with the demands and the development of the State;
.,, b. that based on considerations as referred to in letter a and to comply with Act No. 19 of 2003 about State-owned enterprises it is necessary the setting back government regulation of public enterprise Printing Money the Republic of Indonesia (PERUM PERURI);
.,, 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. Government Regulation Number 41 in 2003 about the Pelimpahan position of the tasks 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);
., ,5. Government Regulation Number 45 in 2005 on the establishment of Management supervision and dissolution of State-owned enterprises (State Gazette of the Republic of Indonesia Number 117 in 2005 an additional Sheet of the Republic of Indonesia Number 4556);
DECIDED:.,, set: GOVERNMENT REGULATION of PUBLIC ENTERPRISE PRINTING MONEY REPUBLIK INDONESIA (PERUM PERURI).
CHAPTER I GENERAL PROVISIONS article 1 In this Government Regulation is:.,, 1. Public Enterprise Printing Money of the Republic of Indonesia (PERUM PERURI) are hereinafter referred to as the company was State-owned enterprises as provided for in Act No. 19 of 2003 that the entire State-owned capital in the form of the wealth of the country that are separated and are not divided into shares.
., ,2. Coaching is an activity to provide guidelines for companies in the areas of planning, implementation and control of with intent so that companies can carry out the tasks and functions in Sepik and succeeded to, and well developed.
., ,3. Surveillance is the whole process of assessment of the activities of the management company with the goal of keeping the company carry out its functions properly and successfully achieve the goals that have been set.
., ,4. Examination is to assess the activities of the company by way of compare between the actual state of affairs with the State is supposed to do well in the field of financial and/or technical operations in the field.
., ,5. The management is planning activities the operation of supervisory and controlling the company in accordance with business development and policy guidelines for operational activities set by the Minister.
., ,6. The Minister is the Minister appointed and/or authorized to represent the Government as a shareholder on capital owners and Refines public corporation having regard to the legislation.
., ,7. The Board of Directors is the organ of the company that is responsible for the management of the company for the interests and objectives of the company and represent the company both inside and outside the Court.
., ,8. The Board of Trustees is an organ of the company that is in charge of monitoring and providing advice to the Board of Directors in carrying out the activities of the management company.
Article 2 this Regulation With Public Money Printing Company of the Republic of Indonesia which was established by the Government Regulation Number 60 in 1971 as last amended several times with the Government Regulation Number 34 in 2000 followed the establishment and continued his efforts on the basis of the provisions of this Regulation.

Section 3.,, (1) the companies referred to in article 2 is a business entity which was given the task of implementing the Republic of Indonesia rupiah money printing to meet the demand of the Bank Indonesia.
.,, (2) in case of urgent circumstances and/or technically the company is not able to meet the demand referred to in subsection (1), the Republic of Indonesia rupiah money printing can be done on other companies consulted in advance to the Minister.
.,, (3) in addition to carrying out the tasks referred to in paragraph (1) of the company carry out security for the State of print documents, namely documents immigration customs document seals and ribbons of land at the request of the authorized agencies.
CHAPTER II the ARTICLES of the COMPANY is considered part of the name of the position and length of time article 4 the company named general corporate Printing Money the Republic Indonesia (PERUM PERURI).

Article 5 (1) a company domiciled and headquartered in Jakarta.
.,, (2) a company referred to in subsection (1) may open branches in the territory of the Republic of Indonesia with the approval of the Minister.
Article 6 of the company is established for an unspecified period of time.

The second part of the nature of the goals and purpose of article 7 the nature of business of the company is held a service for the benefit of the public and also to get profit in order to be self sufficient and can live sustainable based on the principles of good corporate governance (Good Corporate Governance) with emphasis on security (security) against the prints and/or its products.

Article 8 goals and purpose of the company is to carry out and support the Government's program in economics and national development in General with the efforts in the field of printing money of goods and/or services that have a value of high security for the sake of security and the interests of the State.

The third part business development activities and article 9 to achieve the intents and purposes referred to in article 8 of the company organizes the efforts of the Republic of Indonesia rupiah printing money to meet the demand of Bank Indonesia and carry out the following activities:.,, a. print a document security for immigration documents, namely customs document seals and ribbons of land at the request of the authorized agencies; b. print a document security and other printed material a non metal money;., c. print in money and other State security documents at the request of the State concerned;
.,, d. provides services that have high security values pertaining to the business activities of the company; and, e. any other business that can support the achievement of the purpose and objectives of the company.
Article 10 to support the financing of activities in order to achieve goals and purpose as stipulated in article 8 and on the basis of the company's business development policy can be:.,, a. do cooperation efforts with other parties in both domestic and foreign; b. establish a subsidiary; and/or c. do participation capital in another company.

Part four article 11 Capital.,, (1) the company's Capital is the wealth of the country separated from the budget of the State Expenditures and Revenues and is not divided into shares.
.,, (2) the large number of capital of the company at a time when government regulation is enacted as much as the value of its investment in the country's capital that is embedded in the company of Rp 363.573.454.896 (three hundred and sixty-three billion five hundred and seventy three million four hundred fifty-four thousand eight hundred and ninety-six cents).
.,, (3) any addition and subtraction state capital investment in a company that comes from the budget of the State Expenditures and Income are defined by government regulations.
.,, (4) any capital additions and the inclusion of that comes from the capitalisation reserve and other sources specified by the Minister.
Article 12 (1) the issuance of bonds and other debt set by the Minister.
., Plan, (2) issuance of bonds referred to in subsection (1) shall be notified by the Company to its creditors.
Part five Organ Company of article 13 (1) the organs of the company are the Board of Directors and Secretary of the Board of Trustees.
.,, (2) in addition to the organs of the company as referred to in paragraph (1) of any other party is prohibited interfered with the plundering of the management company.
The sixth Minister to article 14 (1) the Minister is doing the construction company.
.,, (2) the construction of the Company referred to in subsection (1) is done by setting the business development policy in accordance with the purpose and objectives of the company.
.,, (3) Business Development Policy as referred to in paragraph (2) is fixed by the Minister upon proposal of the Board of directors after obtaining the approval of the Board of Trustees.
.,, (4) Enterprise Development Policy referred to in subsection (3) includes investment policy business financing sources financing the use of business results of the company and other business development policies.
.,, (5) Enterprise Development Policy as referred to in paragraph (4) be used as a guide for directors and Trustees in carrying out operational activities of the company.
.,, (6) in order to establish business development policy the Minister may require input from the Technical Secretary.
Article 15 the Minister is not liable for any consequence of the deeds of the law committed companies and losses of the company exceeds the value of the country's wealth has been separated into the company unless:.,, a. Minister of either directly or indirectly in bad faith utilizing the company solely for personal gain;
.,, b. Minister involved in a tort committed by the company; or

.,, c. Minister of either directly or indirectly are against the law to use the wealth of the company.
The seventh section of the Board of Directors of article 16 (1) the Board of Directors performs management of the company.
.,, (2) the number of members of the Board of Directors of the company at most 5 (five) persons, and one of them as President Director.
Article 17 which may be appointed members of the Board of Directors is the individual person who:.,, a. meets the criteria of expertise integrity leadership experience honestly good behavior and has high dedication to advance the company;
.,, b. is able to carry out the legal deeds and never declared bankruptcy or become a member of the Board of directors or the Supervisory Board of Commissioners were convicted of causing a company or public corporation declared bankruptcy or never convicted of committing a criminal act that is detrimental to the country's finances; c. the nation of Indonesia.

Article 18.,, (1) between the members of the Board of Directors are prohibited from having a family relationship to the third degree either according to the straight line or the line to the side including family relationships that arise because of marriage.
.,, (2) if the family relationship as referred to in subsection (1) occurs after the appointment of members of the Board of Directors the Board members then must apply to the Minister to be able to resume his post.
.,, (3) an application to the Minister referred to in subsection (2) is filed within at least thirty (30) days from the occurrence of the family relationship.
.,, (4) members of the Board of Directors referred to in subsection (2) may resume his post until the promulgation of the decision of the Minister to the Board members about may or may not proceed.
.,, (5) a decision of the Minister referred to in subsection (4) is given for a period of at least sixty (60) days counted since the application referred to in subsection (2) is filed.
.,, (6) in case the decision of the Minister has not issued within the period referred to in subsection (5) the Minister is deemed to give the decision that the Board of Directors can continue on his post.
Article 19 Board members are prohibited from assuming the post of stanzas:.,, a. Member of the Board of Directors at the State-owned enterprises and privately-owned enterprises or other Office that may give rise to a conflict of interest;
.,, b. structural and functional position in the Central Government institutions/agencies and regions; and/or c. other Office in accordance with the provisions of the legislation.

Article 20 (1) Board members are appointed and dismissed by the Minister.
.,, (2) the members of the Board of Directors are appointed for a term of 5 (five) years and may be reappointed for one (1) term.
Clause 21.,, (1) members of the Board of Directors can be dismissed before his tenure runs out by the Minister based on the fact a member of the Board of Directors:.,,.,, a. unable to meet its obligations agreed upon in the contract management; b. do not do their job properly;

c. violates the provisions of the legislation;

d. engaging in actions that are detrimental to the company;., e., was found guilty by court rulings that have the force of law; and/or f. resigned.
.,, (2) a decision of dismissal for reasons referred to in subsection (1) letter a letter b letter c letter d and the letter e was taken after a concerned are given the opportunity defend himself.
.,, (3) Self Defense as referred to in paragraph (2) was done in writing and submitted to the Minister within 14 (fourteen) days as of the respective Board members since being notified in writing by the Minister about the termination of the plan.
.,, (4) during the plan termination referred to in paragraph (3) is still in the process of the concerned Board members then obliged to run the task.
., (5) If, within a period of sixty (60) days counted from the date of submission of self-defense as referred to in paragraph (3) does not give the Minister a decision of dismissal of the Board members then the dismissal plan became null and void.
.,, (6) Dismissal for reasons referred to in subsection (1) the letter e is not a dismissal with respect.
.,, (7) Position as a member of the Board of Directors ends with the promulgation of the Decree of dismissal by the Minister.
Article 22 the term of members of the Board of Directors ends when: a. dies;

b. tenure ends;

c. dismissed based on the decision of the Minister; and/or, d.., are no longer eligible as a member of the Board of Directors on the basis of the provisions of this Regulation and other legislation.
Article 23 (1) the Board of Directors given the task and has the authority to:.,,.,, a. lead take care of and manage the company in accordance with the objectives of the company by always trying to improve the effectiveness and the results to the company; b. representing the company in and out of court;., c. propose business development policy which has got the approval of the Supervisory Board to the Minister;
.,, d. implement policies in taking care of business development company that has been assigned Minister;
., e., prepared the draft long-term plan and draft work plan and budget of the company;
., f., hold and maintain accounting and Corporate Administration in accordance with the applicable customary for a company;
.,, g. setting up the organizational structure and the work of the company complete with details of its work; h. prepare annual reports and periodic reports;

i. master nurturing and taking care of the company's wealth;., j., set company policy in taking care of the company based on the guidelines of policy development operational activities set by the Minister;
.,, k. doing the same work effort forming subsidiaries and did the inclusion of capital in other business entities with the approval of the Minister;
.,, b. lifting and dismiss employees of the company in accordance with the provisions of the legislation in the field of employment;
.,, m. set the salaries of retired/old days revenue assurance/other forms of welfare for employees of the company as well as manage all other employment matters in accordance with the provisions of the legislation in the field of employment.
.,, (2) to organize tasks and authority as referred to in paragraph (1) the Board of Directors is authorized to establish the technical and non technical policy in accordance with the company policy as referred to in paragraph (1) j.
Article 24 (1) in carrying out the duties of the company as referred to in article 23:.,,.,, a. Director is entitled and authorized to act for and on behalf of the Board of Directors based on the policies set out in the meeting of the Board of Directors;
.,, b. each Director shall be entitled and authorized to act for and on behalf of the Board of Directors according the fields into the task and authority respectively in accordance with the policy set out in the meeting of the Board of Directors.
.,, (2) in case one of the members of the Board of Directors while the main Director then was unable to appoint other Board members to run the tasks and authorities of the Board members was unable to.
.,, (3) if one or several members of the Board of Directors was unable to keep his job or to run in that post terluang and his successor has not been appointed or not to assume his post then the Office dipangku by other Board members who are appointed by the Board of Trustees.
.,, (4) a period of at least sixty (60) days counted since the occurrence of the circumstances referred to in subsection (2) the Minister appoints new Board members to assume the post of the terluang referred to in paragraph (2).
.,, (5) if all the members of the Board of Directors was unable to remain in the running of his job or the position of the Board of Directors terluang entirely and have not lifted then for a while the Management Company run by the Board of Trustees.
.,, (6) in carrying out its tasks and authority as referred to in article 24 paragraph (1) letter b Directors may exercise the power itself or submit to:.,, a. one or several members of the Board of Directors;.,, b. one or several employees of the company either alone or together; or c. any other person or entity; specifically designated for it.

Article 25 in doing their job board of Directors is obligated to devote energy and attention his mind was fully on the task of obligation and the achievement of the objectives of the company.

Article 26 members of the Board of Directors is not authorized to represent the company if:.,, a. happened things in front of the Court between companies with Board members concerned; and/or, b. the concerned Board members have interests that conflict with the interests of the company.
Great article 27 and the type of income of Directors designated by the Minister to pay attention to the magnitude of the responsibility in accordance with the applicable provisions.

Article 28 (1) Board of Directors ' Meetings held at least 1 (one) month.
.,, (2) in a meeting as referred to in paragraph (1) discussed matters related to the company in accordance with its authority and duties. (3) the decision of the meeting of the Board of Directors are taken on the basis of deliberation for consensus.
.,, (4) in the case of the word consensus not reached then decisions are taken on the basis of the most votes.
.,, (5) to each meeting of the meeting containing the treatise made things that were discussed and decided.
Article 29.,, (1) the draft long-term plans as referred to in article 11 paragraph (1) contains at least the letter e:.,, a. evaluation of the implementation of long-term plans;

b. the position of the company when the company devised a long-term plan;

c. assumptions used in the preparation of long-term plans; and, d.., determination of the mission objectives strategy policy and program work Plan and its Long-term linkages between these elements.

.,, (2) the draft long-term plan that has been signed by the Board of directors together with the Board of Trustees presented to Minister to passed.
Article 30.,, (1) the draft work plan and budget of the company as referred to in article 11 paragraph (1) contains at least the letter e:.,,.,, a. mission objectives strategy business venture company policies and work programmes/activities;
.,, b. corporate budget specified for any budget work programs/activities; c. principal financial projections the company and its subsidiaries; and d. other matters requiring a decision of the Minister.
.,, (2) the draft work plan and budget of the company as referred to in paragraph (1) proposed to the Minister no later than sixty (60) days before the fiscal year begins to gain the endorsement.
.,, (3) the draft work plan and budget of the company as referred to in paragraph (1) was passed by the Minister no later than 30 (thirty) days after the fiscal year running.
.,, (4) in the case of the draft work plan and corporate budget has not been passed by the Minister referred to in subsection (2), the draft work plan and budget of the company is considered valid for executed all have met the provisions of the Ordinance the preparation work and budget plan of the company.
The eighth section of the Board of Trustees of article 31 (1) on the company's Board of Trustees was formed.
.,, (2) the number of members of the Supervisory Board and the Company needs at least 2 (two) one of whom is appointed as Chairman of the Board of Trustees.
.,, (3) the Board of Trustees in good faith and with full responsibility of running errands for the interests and goals of the company.
Article 32 which may be appointed members of the Board of Trustees is the individual person who:.,, a. meets the criteria of integrity dedication to understand the management problem relating to one of the functions of the management have adequate knowledge in the field of business companies as well as to provide enough time to carry out his duties;
.,, b. is able to carry out the legal deeds and never declared bankruptcy or become a member of the Board of directors or the Supervisory Board of Commissioners were convicted of causing a public corporation declared bankruptcy or Refines or people who are never convicted of committing a criminal act that is detrimental to the country's finances; and c. the nation of Indonesia.

Article 33 Board of Trustees Members are not allowed to have interests that conflict with or interfere with the interests of the company.

Article 34 the Board of Trustees may consist of officials of the Ministry of Finance Ministry of State owned enterprises Ministry/agency other activities associated with the company and an independent element that comes from professionals.

Article 35 members of the Board of Trustees are prohibited from assuming the post of stanzas:.,, a. Member of the Board of Directors at the State-owned enterprises and privately-owned enterprises; b. another term could pose a conflict of interest; and/or c. other Office in accordance with the provisions of the legislation.

Article 36 (1) the Board of Trustees are appointed and dismissed by the Minister.
.,, (2) the members of the Supervisory Board are appointed for a term of 5 (five) years and may be reappointed for one (1) term.
.,, (3) the appointment of members of the Board of Trustees not coinciding with the appointment of the members of the Board of Directors.
.,, (4) if deemed necessary in the framework of the appointment of the Board of Trustees of the Minister can request input from the Technical Secretary.
Article 37.,, (1) the members of the Supervisory Board may be dismissed before his tenure runs out by the Minister based on the fact a member of the Board of Trustees:.,, a. did not do their job properly;

b. does not implement the provisions of the legislation;

c. engage in actions that are detrimental to the company;, d.., was found guilty by court rulings that have the force of law that remain; e. do perangkapan the Office referred to in Article 35; or f. resigned.
.,, (2) a decision of dismissal referred to in subsection (1) letter a and letter b letter c taken after concerned are given the opportunity defend himself.
.,, (3) Self Defense as referred to in paragraph (2) was done in writing and submitted to the Minister within the period of 30 (thirty) days counted since the members of the Board of Trustees is concerned is notified in writing by the Minister about the termination of the plan.
.,, (4) during the plan termination referred to in paragraph (3) is still in the process of then members of the Board of Trustees in question can run the task.
., (5) If, within a period of sixty (60) days counted from the date of submission of self-defense as referred to in paragraph (3) does not give the Minister a decision of dismissal of members of the Board of Trustees of the plan termination becomes void.
.,, (6) Dismissal for reasons referred to in subsection (1) the letter d is not a dismissal with respect.
.,, (7) Position as a member of the Board of Trustees ends with the issuance of decision by the Minister.
Article 38 (1) the Board of Trustees in charge for:.,,.,, a. carry out surveillance against the management of the company is carried out by the Board of Directors; and, b.., give advice to the Board of Directors in carrying out the activities of the management company.
.,, (2) the supervision referred to in paragraph (1) letter a included carrying out surveillance against execution:.,, a. work plan and budget of the company;

b. the policy established by the Minister; and c. provision of legislation.
Article 39 (1) the Board of Trustees in the discharge of his duties shall be obliged:.,,.,, a. provide opinions and advice to the Minister regarding the work plan and budget of the proposed Directors of the company;
.,, b. follow the development of the company's activities provide opinions and advice to the Minister for any issues that are considered important for the management of the company; and, c.., report immediately to the Minister if the symptoms of decreased performance of the company.
.,, (2) the Supervisory Board report on the execution of his duties as referred to in paragraph (1) to the Minister on a regular basis and at any time when necessary.
Article 40 in the execution of the duties and obligations of Trustees has the authority as follows:, a.., see letter book cash checks other document for the purposes of verification and check out the wealth of the company; b. Enter the yard of the building and offices used by the company;., c., demanded an explanation from the directors and/or other officials about all issues concerning the management of the company;
.,, d. ask directors and/or other officials with knowledge of the Board of Directors to attend a meeting of the Board of Trustees;
.,, e. Board of Directors ' meetings and provide a view towards things that are spoken;
.,, f. based on the provisions in the regulations the Government gives approval or assistance to the Board of Directors in performing specific legal deeds;
.,, g. based on the provisions of this Regulation or the regulations of Ministers doing the action management of the Company in the event that the Board of Directors does not exist; and h. suspension of directors by mentioning the reason.

Article 41 to help the smooth implementation of his duties the Board of Trustees may appoint a Secretary of the Board of Trustees over the burden of enterprises.

Article 42 If necessary, the Board of Trustees in the discharge of his duties can obtain the assistance of experts for certain things and certain time-bound by a contract over the burden of enterprises.

Article 43 all expenses necessary in the framework of implementation of the Board of Trustees charged to companies and explicitly contained in the work plan and budget of the company.

Article 44.,, (1) the Board of Trustees held Meetings at least 1 (one) month.
.,, (2) in a meeting as referred to in paragraph (1) discussed matters related to the company in accordance with the duties and responsibilities of authorities of the Board of Trustees.
.,, (3) the decision of the meeting of the Board of Trustees is drawn on the basis of deliberation for consensus.
.,, (4) in the case of the word consensus not reached then decisions are taken on the basis of the most votes.
.,, (5) to each meeting of the meeting containing the treatise made things that were discussed and decided.
The ninth part of the Spi Section 45.,, (1) the company form the internal auditing unit who carry out internal financial and operational company.
.,, (2) internal auditing unit referred to in subsection (1) is headed by a Chief who is accountable to the Director.
Article 46 internal auditing unit in charge:.,, a. assist Director in carrying out the inspection of internal financial and operational management controls assess the Company and its implementation on the company as well as provide advice on; and, b. provide a description of the inspection results or the results of the implementation of internal auditing unit referred to in letter a to the Board of Directors.
Article 47 the Board of Directors is obligated to heed and take immediate steps necessary for everything expressed in each report the results of the checks made by the internal auditing unit.

Article 48 Upon written request from the Board of directors give a description of the inspection results or the results of the implementation of internal auditing unit as stipulated in article 46 subparagraph b.

Article 49 in the execution of his duty of internal auditing unit to safeguarding the smooth execution of the task unit of any other organization within the company in accordance with the duties and responsibilities of each.

The tenth section of the Audit Committee and other committees article 50, a, (1) the Supervisory Board is obliged to form an Audit Committee work collectively and functioning help the Board of Trustees in carrying out its work.

.,, (2) the Audit Committee as referred to in paragraph (1) is headed by a Chief who is accountable to the Board of Trustees.
.,, (3) the Chairman of the Audit Committee is a member of the Audit Committee of the Supervisory Board members come from.
Article 51 Audit Committee:.,, a. assessing the implementation of the activities and results of the audit conducted by the internal auditing unit or the external auditors;
.,, b. provide recommendations on perfection of management control systems as well as their implementation;
.,, c. make sure there has been a satisfactory review procedures against any information issued by the company; and, d.., identifying matters requiring the attention of the Board of Trustees and the Board of Trustees of other tasks.
Article 52 the Board of Trustees may establish other committees established by the Minister to assist in the tasks of the Board of Trustees.

The eleventh section of the accounting and Reporting System Article 53 fiscal year of the company is the calendar year unless specified otherwise by the Minister.

Article 54 annual report made in accordance with the applicable Financial accounting standards.

Article 55 within 5 (five) months after the financial year the company closed the Board of Directors is obligated to submit annual reports referred to in Article 11 paragraph (1) the letter h to the Minister that contains at a minimum:.,, a. Annual financial reports consisting of balance sheet, end of book income calculation report cash flow statement and report changes to the equity of the fiscal year in question as well as an explanation of the annual financial statements;
.,, b. report on the circumstances and the operations of the company as well as the results that have been achieved; c. the main activities of the company and changes during the fiscal year;.,, d. details of problems arising during the fiscal year that affected the activity of the company; e. the names of members of the Board of Directors and a member of the Board of Trustees; and, f.., salary and other benefits for members of the Board of Directors and honorarium and other allowances for the members of the Board of Trustees.
Article 56.,, (1) the annual report signed by all the members of the Board of Directors and supervisory board and submitted to the Minister.
.,, (2) In the event of a member of the Board of directors or Board of Trustees did not sign the annual report referred to in subsection (1) must be mentioned the reason in writing.
Article 57.,, (1) the annual report submitted by the external auditor to the Board of directors appointed by the Minister for review.
.,, (2) the report of the external auditor's examination results as intended in paragraph (1) is submitted in writing by the Board of Directors to the Minister to be endorsed.
.,, (3) the annual financial report referred to in subsection (2) is announced in the daily newspapers.
Article 58.,, (1) an endorsement referred to in Section 57 subsection (2) the Board of Directors and the Board of Trustees freed from its responsibility towards everything that is contained in the Annual financial report.
.,, (2) in the case of a document filed Annual financial statements and confirmed that it was not correct and/or misleading then a member of the Board of Directors and the Board of Trustees are responsible renteng responsibility to a third party are harmed.
.,, (3) a member of the Board of Directors and Board of Supervisors exempted from liability referred to in subsection (2) if it is evident that the situation was not because of his error.
Article 59.,, (1) Periodic Report good quarterly report as well as other reports and semester reports about the company's performance is submitted to the Board of Trustees.
.,, (2) copies of periodic reports as referred to in subsection (1) is submitted to the Minister.
Article 60 periodic reports annual reports and other reports referred to in this section is submitted with the form content and the procedures for the preparation in accordance with the provisions of the legislation.

Twelve employees of part of article 61 appointment of Procurement placement termination position of line of the post salary/wage and welfare award to employees of the company is governed and determined by the Board of Directors in accordance with the provisions of the legislation in the field of employment.

Thirteenth section use of Profit Article 62.,, (1) the net income of the company in a fiscal year as stated in the annual report that has been passed by the Minister are divided by usage which is determined by the Minister.
.,, (2) net income referred to in subsection (1) are distributed for general purpose reserve reserve dividend and others that each percentage is set each year by the Minister.
.,, (3) the backup destination as referred to in paragraph (2) are used for investment.
The fourteenth part of the use of the reserve fund Chapter 63.,, (1) Each fiscal year the company is obligated to set aside a certain amount from net income to reserves.
.,, (2) net income Allowance referred to in subsection (1) until the reserve reaches at least 20% (twenty percent) of the Corporate capital.
.,, (3) the reserve fund up to the amount of 20% (twenty percent) of the company's capital is only used to cover the losses of the company.
.,, (4) when the reserve fund has exceeded the amount of 20% (twenty percent) of the Corporate capital then the Minister may decide to let the excess from the reserve fund is used for the purposes of the company.
.,, (5) the Board of Directors must manage a reserve fund in order to fund the reserves earn profits in a way that is considered good by him with the approval of the Board of Trustees and with attention to laws and regulations.
.,, (6) the profit earned from the management of the reserve fund referred to in subsection (5) are included in the calculation of income.
The fifteenth section of the public service Obligations Article 64.,, (1) the Government may give a special assignment to the company for the benefit of the public functions still take notice of intents and purposes as well as the business activities of the company.
.,, (2) if the assignment of the financially unprofitable Government should provide compensation for all costs that have been issued by the company include the expected margin level of naturalness along in accordance with the assignment given.
.,, (3) any assignment referred to in subsection (1) must first obtain the approval of the Minister.
.,, (4) in carrying out the Government's special assignment company must expressly undertake such assignments regarding accounting separation with bookkeeping in order to target achievement effort of the company.
The sixteenth part of the other Provisions of article 65 of the Ordinance a sale pemindahtanganan or imposition upon the fixed assets of the company as well as a medium-term loan acceptance/long and lending in form and in any way and does not charge again and abolish the bookkeeping of accounts receivable and inventories of goods by companies established in accordance with the provisions of the legislation.

Article 66.,, (1) Procurement of goods and services companies who use the funds directly from the State Budget income and Expenditure is exercised in accordance with the provisions of the implementation of Budget revenue and Expenditure of the State.
.,, (2) the Board of Directors establishes the procedures for procurement of goods and/or services of the company in addition to the procurement of goods and services as referred to in subsection (1) on the basis of general guidelines established by the Minister.
.,, (3) the procedures referred to in subsection (2) is fixed by the Directors having regard to the principles of efficiency and transparency.
Article 67.,, (1) the Department/Government agencies are not allowed to burden the company with all forms of expenditure.
.,, (2) companies are not allowed to finance the expenditure needs of the Department/Government agencies.
Article 68.,, (1) the Board of Directors can only apply to the District Court in order that the company be declared bankrupt with the approval of the Minister.
.,, (2) in the event of bankruptcy happens because of errors or omissions of Directors and Corporate wealth is not enough to cover loss due to the insolvency of any member of the Board of Directors in renteng responsibilities responsible for the losses.
.,, (3) a member of the Board of Directors that can prove that the bankruptcy through no fault or negligence shall not be liable for any damage in the renteng responsibilities.
Article 69.,, (1) a member of the Board of Directors and all employees of the company are due to the actions against the law gives rise to a loss for the company are obliged to indemnify.
.,, (2) the provisions of the compensation referred to in subsection (1) against a member of the Board of Directors is governed by the Ministers while against the employees of the company are regulated by the Board of Directors in accordance with the provisions of the legislation.
Article 70 of All mail and securities including group accounting and Corporate Administration kept in place the company or other places in accordance with the provisions of the legislation.

Article 71 (1) the dissolution of the company established by government regulation.
.,, (2) the dissolution of the company followed by the liquidation of the actions carried out by the liquidator. (3) the appointment of a liquidator is done by the Minister.
.,, (4) if the Minister does not designate the liquidator's then Directors act as liquidator. (5) All the wealth of the company after the liquidation of the State being held.
.,, (6) If no other is specified in the regulations of the Government as the intention in paragraph (1) the remaining liquidation proceeds deposited directly into the State Treasury. (7) the liquidator mempertanggung liquidation entailed to the Minister.
.,, (8) the Minister give a liberation of the responsibility about the work that has been completed the liquidator.
Article 72-led units of the organization within the company is responsible for the surveillance inherent in each of its work environment.

CHAPTER III TRANSITIONAL PROVISIONS


Article 73 at the time of the enactment of this Regulation all the provisions the implementation of which has been established and enforced based on the Government Regulation Number 34 in 2000 still remain in force throughout does not conflict and have not replaced by new terms defined and enforced based on government regulations.

CHAPTER IV CLOSING PROVISIONS Article 74 With the enactment of government regulation of the Government Regulation Number 34 in 2000 revoked and declared inapplicable.

Article 75 of this Regulation comes into force on the date of promulgation.

So that everyone knows that this Government Regulatory enactment ordered by its placement in the State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on September 22, 2006 the PRESIDENT of the REPUBLIC of INDONESIA Dr. h. SUSILO BAMBANG YUDHOYONO Enacted in Jakarta on September 22, 2006 MINISTER OF JUSTICE and HUMAN RIGHTS of REPUBLIC of INDONESIA, HAMID AWALUDIN