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Presidential Decree Number 7 In 2002

Original Language Title: Keputusan Presiden Nomor 7 Tahun 2002

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PRESIDENT OF THE REPUBLIC OF INDONESIA
No. 7 YEAR 2002
ABOUT
CHANGE OVER
PRESIDENT ' S DECISION NUMBER 122 IN 2001
ABOUT THE COUNTRY 'S GOVERNING BODY' S PRIVATIZATION POLICY TEAM

PRESIDENT OF THE REPUBLIC OF INDONESIA,

Weigh: a. that in order to privatize the State-owned Enterprises (BUMN) privatization of the State-owned Enterprises Policy Team with the Presidential Decree Number 122 of 2001;
B. that the privatization of BUMN through the sale of new shares of BUMN is done in order to increase the effectiveness, efficiency and added value of the company, and to develop enterprise business activities, so that the results should be fully utilized. by the concerned BUMN;
c. that in order for such new stock sales to be fully utilized by the concerned BUMN, it needs to be directly tuned to the company's coffers;
D. that based on these things above, it is considered necessary to amend the Presidential Decree No. 122 of 2001 on the State-owned Enterprises Privatization Policy Team;

Remembering: 1. Section 4 of the paragraph (1) and Article 33 of the Basic Law of 1945 as amended by the Third Amendment of the Basic Law of 1945;
2. Code Number 9 Year 1969 on Establishing Statutory Replacement Government Number 1 Year 1969 on State Forms Of Enterprises (sheet Of State Of The Republic Of Indonesia In 1969 Number 16, Extra State Sheet Number 2890) To be a law (state sheet of the Republic of Indonesia in 1969 Number 40, Additional Gazette number 2904);
3. Code No. 1 of 1995 on the Limited Perseroan (State Sheet of the Republic of Indonesia of 1995 Number 13, Additional Gazette Number 13, Additional Sheet Country Number 3587);
4. Government Regulation Number 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 Number 45 of 2001 (sheet of State of the Republic of Indonesia in 2001 Number 68, Additional Gazette State Number 4101);
5. Government Regulation No. 64 of 2001 on Failover, Duty and Authority of Finance Minister in Perseroan Company (PERSERO), General Company (PERUM) and JOffice Company (PERJAN) to State Minister of State-Owed Enterprises (State of the Republic of Indonesia in 2001 Number 117, Additional Gazette State Number 4137);

DECIDED:

SET: THE PRESIDENT 'S DECISION ON THE CHANGE TO THE PRESIDENT' S 2001 DECISION ON THE PRIVATIZATION POLICY TEAM OF THE STATE OWNED ENTITY.

Section 1
Change the provisions of Article 10 paragraph (2) of the Presidential Decree No. 122 of 2001 on the State-owned Enterprises Privatization Policy Team, so that Article 10 is entirely read as follows:

" Article 10
(1) The results of the sale of State shares on BUMN after minus the cost of privatisation, are designated as a result of BUMN privatisation and are provided directly to the State Kas.
(2) BUMN 's new stock sales results, after minus the cost of privatization are a result of the privatization of BUMN directly deployed to the Company' s Kas.
(3) BUMN subsidiary stock sales are implemented after first in the BUMN Shareholders General Meeting, specified and approved regarding the stock sale plan and the use of the child stock sales yield plan The company is concerned.
(4) In the case of all or part of the BUMN subsidiary stock sales fund set by the General Shareholders 'Meeting to be deployed to the State Kas, then part of the company' s share of the company ' s share sales results after being reduced by Sales fees, directly deployed to the State Kas. "

Section II
This President ' s decision comes into effect at the set date.

Set in Jakarta
on January 11, 2002
PRESIDENT OF THE REPUBLIC OF INDONESIA,

MEGAWATI SOEKARNOPUTRI