Government Regulation Number 30 2002

Original Language Title: Peraturan Pemerintah Nomor 30 Tahun 2002

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4ef15a40e096b6313231373436.html

PP 30-2002 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 55, 2002 (a) REGULATIONS of the GOVERNMENT of the REPUBLIC of INDONESIA number 30 in 2002 on the SALE of SHARES in a STATE-OWNED COMPANY (PERSERO) PT INDOSAT TBK.

The PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that in order to realize the country's acceptance, then it is deemed necessary to conduct the sale of shares belonging to the State of the Republic of Indonesia on PT (PERSERO) Indosat Tbk.
.,, b. that the sale of shares belonging to the State, needs to be established by regulation of the Government;
.,, Considering: 1. Article 5 paragraph (2) of the Constitution of 1945 as it has several times changed with the third change of the Constitution of 1945;
., ,2. Act No. 9 of 1969 concerning the determination of the Replacement Government Regulations Act No. 1 of 1969 (State Gazette of the Republic of Indonesia number 16 in 1969, State Gazette Supplementary Number 2890) about State Business forms into law (State Gazette of the Republic of Indonesia Number 40 in 1969, State Gazette Supplementary Number 2809);
., ,3. Law No. 1 year 1995 concerning limited liability company (State Gazette of the Republic of Indonesia number 13 in 1995, State Gazette Supplementary 3587);
., ,4. Act No. 8 of 1997 about the acceptance of the country instead of taxes (State Gazette of the Republic of Indonesia Number 43 in 1997, an additional Sheet State number 14);
., ,5. Government Regulation Number 52 in 1980 about the inclusion of the capital of the Republic of Indonesia in the share capital of PT Indonesian Satellite Corporation (Indosat, PT) (State Gazette of the Republic of Indonesia number 80 in 1980) as amended by the Government Regulation Number 77 in 1991 (State Gazette of the Republic of Indonesia Number 99 of 1991);
., ,6. Government Regulation number 12 in 1998 about the company Company (PERSERO) (State Gazette of the Republic of Indonesia number 15 in 1998, an additional State Gazette Number 3731) as amended by the Government Regulation Number 45 in 2001 (State Gazette of the Republic of Indonesia Number 168 in 2001, an additional Sheet country number 4101);
., ,7. Government Regulation Number 64 in 2001 about the transfer of the position, duties and authorities of the Minister of finance in the company of the company (PERSERO), Public Company (PUBLIC CORPORATION), and the company's Service (AGREEMENT) to the Minister of State-owned enterprises (State Gazette of the Republic of Indonesia Number 117 in 2001, an additional Sheet country number 4137);
DECIDED:.,, set: GOVERNMENT REGULATIONS on the SALE of SHARES in a STATE-OWNED COMPANY (PERSERO) PT INDOSAT TBK.
CHAPTER I SALE of SHARES article 1.,, (1) the Republic of Indonesia make sales partly owns shares in the Company (PERSERO) PT Indosat Tbk. through the capital markets and/or to a strategic partner.
.,, (2) sale of shares referred to in subsection (1) is done by observing the principle of best price quote.
Article 2 of the stock sale proceeds as referred to in article 1 is deposited directly into the State Treasury after deducting all fees associated with the sale in accordance with the provisions of the applicable legislation.

Section 3.,, (1) the shares are being sold as referred to in article 1 is a maximum of 50% (fifty percent) of the entire amount of the company's series B shares of the company (PERSERO) PT Indosat Tbk. that have been issued and fully paid up.
.,, (2) the number of shares and the magnitude of the value of the shares to be sold are set by the Minister of State-owned enterprises.
.,, (3) After the execution of the sale of shares, the Minister of State-owned enterprises and shares the large number tells the magnitude of the value of the shares being sold to the Minister of finance.
CHAPTER II IMPLEMENTATION of the SALE of SHARES article 4 implementation of the sale of shares of the Republic of Indonesia as referred to in article 1 is carried out according to the provisions of Act No. 1 of 1995, having regard to the provisions contained in Government Regulation No. 12 of 1998 as amended by the Government Regulation Number 45 in 2001, and the Government Regulation Number 64 in 2001 as well as other applicable laws and regulations.

Article 5 further Provisions necessary for the implementation of this Regulation, regulated by the Minister of finance and Minister of State-owned enterprises either own or jointly own in accordance with the scope of the duties and authority of each.

CHAPTER III the CLOSING PROVISIONS article 6 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 16 May 2002 the PRESIDENT of the Republic of INDONESIA, MEGAWATI SUKARNOPUTRI Enacted in Jakarta on 16 May 2002 the SECRETARY of STATE of the REPUBLIC of INDONESIA BAMBANG KESOWO