SHEET COUNTRY
REPUBLIC OF INDONESIA
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
No. 22 YEAR 2003
ABOUT
CANCELLATION OF GOVERNMENT REGULATION NUMBER 29 OF 1998 ABOUT
THE ADDITION OF THE INCLUSION OF THE REPUBLIC OF INDONESIA ' S CAPITAL INTO THE
THE STOCK CAPITAL OF THE COMPANY PERSEROAN (PERSERO) PT DHARMA NIAGA AND
THE MERGER OF THE COMPANY PERSEROAN (PERSERO) PT PANTJA NIAGA
AND THE COMPANY PERSEROAN (PERSERO) PT DHARMA NIAGA INTO THE
THE PERSEROAN COMPANY (PERSERO) OF THE COPYRIGHT
PRESIDENT OF THE REPUBLIC OF INDONESIA,
.,, weighed: a. that in order to increase the efficiency and effectiveness of the State-owned Enterprises Agency in the field of commerce, with Government Regulation No. 29 of 1998 the entire capital of State on the Company's share capital Perseroan (PERSERO) PT Pantja Niaga was diverted to Company Perseroan (PERSERO) PT Dharma Niaga;
., b. that at the time of the diversion to be implemented, it turns out that the second performance of PERSERO is very low and very difficult to compete with other similar companies, consequently the goal is to be achieved by the transfer of ownership of the shares. as intended in a letter a may not be realized, and the transfer of shares has finally not been implemented;
., c. that based on the results of the study and analysis of the Corporate Perseroan (PERSERO) PT Pantja Niaga, Perseroan Company (PERSERO) PT Dharma Niaga, and the Perseroan Company (PERSERO) PT Copyright Niaga, the power potential of the State-Owed Business Agency in the United States. The field of commerce can be further enhanced to deal with global competition, by merging;
., d. that in respect of such consideration in the letter b and the letter c, it is deemed necessary to cancel Government Regulation No. 29 of 1998 and to merge the Perseroan Company (PERSERO) PT Pantja Niaga and the Company of Perseroan (PERSERO) PT Dharma Niaga into the Perseroan Company (PERSERO) PT Copyright Niaga;
., e. that the cancellation of Government Regulation No. 29 of 1998 and the merger of these three Perseroan Companies (PERSERO), need to be established with the Government Regulation;
.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945 as amended by the Fourth Amendment of the Basic Law of 1945;
., 2. Law Number 9 Year 1969 on Establishing The Replacement Of The Government Ordinance Number 1 1969 (sheet Of State Of The Republic Of Indonesia In 1969 Number 16, Additional Gazette Number 2890) About The Forms Of State Effort To Law (Sheet State Of The Republic Of Indonesia 1969 Number 40, Addition Of State Sheet Number 2904);
., 3. Law No. 1 of 1995 on the Limited Perseroan (State Sheet of the Republic of Indonesia of 1995 Number 13, Additional Gazette State Number 3587);
., 4. Government Regulation No. 38 of 1971 on Disposition of State Enterprise Form (PN) Copyright Niaga to Perseroan Company (PERSERO) (State Gazette of the Republic of Indonesia Year 1971 Number 48);
. .5. Government Regulation No. 12 of 1998 on the Company Perseroan (PERSERO) (State Gazette Indonesia Year 1998 Number 15, Additional Gazette State number 3731) as amended by Government Regulation No. 45 of 2001 (sheet of State of the Republic of Indonesia in 2001 Number 68, Additional Gazette State Number 4101);
., 6. Government Regulation No. 27 of 1998 on Merger, Dissolution And Acquisition Of Limited Liability (sheet Of State Of The Republic Of Indonesia In 1998 Number 40, Additional Gazette Number 3741);
., 7. Government Regulation No. 64 of 2001 on the Assignment Of Position, Duty and Authority of Finance Minister of the Company (PERSERO), General Company (PERUM) and the Office of the Service (PERJAN) to the State Minister of the State of the State of the State of the State of the United States. (State of the Republic of Indonesia in 2001 Number 117, Additional Gazette State Number 4137);
DECIDED:
.,, Setting: GOVERNMENT REGULATION ON THE CANCELLATION OF GOVERNMENT REGULATION NUMBER 29 OF 1998 ON THE ADDITION OF INCLUSION OF CAPITAL OF THE REPUBLIC OF INDONESIA INTO THE STOCK CAPITAL OF THE COMPANY PERSEROAN (PERSERO) PT DHARMA NIAGA AND INCORPORATION PERSEROAN COMPANY (PERSERO) PT PANTJA NIAGA AND COMPANY PERSEROAN (PERSERO) PT DHARMA NIAGA TO THE COMPANY PERSEROAN (PERSERO) PT COPYRIGHT NIAGA.
Section 1
Cancelled Government Regulation No. 29 of 1998 on the addition of the inclusion of the Republic of Indonesia's capital Indonesia into the Perseroan Modal Company (PERSERO) PT Dharma Niaga.
Section 2
The company Perseroan (PERSERO) PT Pantja Niaga which was established under Government Regulation No. 37 of 1971 and the Company Perseroan (PERSERO) PT Dharma Niaga which was established under Government Regulation No. 22 of 1970, incorporated into the in the Perseroan Company (PERSERO) PT Cipta Niaga established under Government Regulation No. 38 of 1971.
Section 3
.,, (1) By incorporation as referred to in Article 2, then the entire wealth, rights and obligations as well as the employees of the Company of Perseroan (PERSERO) PT Pantja Niaga and the Company Perseroan (PERSERO) PT Dharma Niaga switched due to the law to Company Perseroan (PERSERO) PT Copyright Niaga.
., (2) The value of the Country ' s wealth as the addition of capital inclusion into the shares of the Perseroan Company (PERSERO) PT Copyright Niaga as referred to in paragraph (1) is set by the Minister of Finance based on the calculation result Jointly conducted by the Department of Finance and the Office of the State Minister of State-owned Enterprises.
Section 4
The company Perseroan (PERSERO) PT Cipta Niaga proceeds of the merger as referred to in Article 2 further changed its name to the Perseroan Company (PERSERO) PT Corporate Trading Indonesia.
Section 5
The implementation of the merger of the Perseroan Company (PERSERO) PT Pantja Niaga and the Perseroan Company (PERSERO) PT Dharma Niaga into the Perseroan Company (PERSERO) PT Copyright Niaga as referred to in Article 2 conducted according to the provisions of the Company. Law No. 1 of 1995 and its rules of implementation with regard to the provisions of Government Regulation No. 12 of 1998 as amended by Government Regulation No. 45 of 2001 and Government Regulation Number 64. 2001 as well as the provisions of other laws applicable.
Section 6
From the start date of the merger as referred to in Article 2, Government Regulation No. 37 of 1971 on Takeover Of State Enterprises Form (PN) Pantja Niaga becomes the Perseroan Company (PERSERO) and Regulation The Government Number 22 of 1970 on the Transform of State Enterprise Form (PN) Dharma Niaga became a Perseroan Company (PERSERO), stated to be not applicable.
Section 7
Further provisions are required for the implementation of this Government Regulation governed by the Minister of Finance and the State Minister of the State of the State of the State either together or individually in accordance with the field of duty and authority. each.
Section 8
This Government Regulation shall come into effect on the date of the promulctest.
In order for everyone to know it, order the invitational of this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.
.,,
Set in Jakarta
on March 31, 2003
PRESIDENT OF THE REPUBLIC OF INDONESIA,
MEGAWATI SOEKARNOPUTRI
Promulgated in Jakarta
on March 31, 2003
STATE SECRETARY OF THE REPUBLIC OF INDONESIA,
BAMBANG KESOWO
