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Government Regulation Number 18 1995

Original Language Title: Peraturan Pemerintah Nomor 18 Tahun 1995

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SHEET COUNTRY
REPUBLIC OF INDONESIA

No. 34, 1995 ()

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
NUMBER 18 OF 1995
ABOUT
DIVERSION OF THE HYANG COMMON GENERAL COMPANY (PERUM) FORM
BEING A PERSEROAN COMPANY (PERSERO)

PRESIDENT OF THE REPUBLIC OF INDONESIA,

.,, weighed: a. that in order to improve the efesiency and productivity of the agricultural development, then the General Company (PERUM) Sang Hyang Seri founded with Government Regulation No. 22 Year 1971 and refined with Government Regulation No. 44 In 1985, it was assessed the requirement to be transferred into the Persero Company (PERSERO) as referred to in Law Number 9 of the Year 1969;
., b. that in connection with this, the transfer of the General Enterprise (PERUM) form of the Hyang Seri becomes a Perseroan Company (PERSERO), needs to be established with the Government Regulation;

.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945;
., 2. The Code of Trade Law (Staatsblad of 1847 Number 23) as has been several times amended, last with Law No. 4 of 1971 (State Gazette of 1971 Number 20, Extra State Sheet Number 2959);
., 3. Law Number 9 of the Year 1969 on the Enaconing Of The Statutory Successor Government Number 1 Year 1969 on State Forms Of Business (The 1969 State Gazette Number 16, Additional State Sheet Number 2890) Into Law. (State Gazette 1969 Number 40, Additional Gazette Number 2904);
., 4. Government Regulation Number 12 of 1969 on the Company Perseroan (PERSERO) (1969 State Sheet Number 21, Additional Gazette State Number 2894) as amended by Government Regulation No. 24 of 1972 (State Sheet) 1972 Number 32, Auxiliary Leaf Country Number 2987);
. .5. Government Regulation No. 3 of 1983 on the Governance of Coaching And Supervision Of The Corporation (PERJAN), Public Company (PERUM) And The Perseroan Company (PERSERO) (State Sheet Of 1983 Number 3, Additional Sheet Country Number 3246) as has been amended with Government Regulation No. 28 of 1983 (State Sheet of 1983 Number 37);

DECIDED:

.,, Setting: REGULATION OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA ON THE DIVERSION OF THE FORM OF A COMMON COMPANY (PERUM) THE HYANG SERIES BECAME A COMPANY OF PERSEROAN (PERSERO).

BAB I
DIVERSION OF FORM AND DISSOLUTION

Section 1
.,, (1) The General Company (PERUM) The Series which was established under Government Regulation No. 22 of 1971 which has been refined with Government Regulation No. 44 of 1985, transferred its form to the Perseroan Company (PERSERO) As referred to in Law Number 9 of 1969.
.,, (2) With the passage of the form of the General Enterprise (PERUM) Sang Hyang Seri becomes a Perseroan Company (PERSERO) as referred to in paragraph (1), the General Company (PERUM) Sang Hyang Seri was declared disbanding at the time of the Company's founding The Persero (PERSERO), provided that all rights and obligations, wealth, and employees of the General Company (PERUM) Sang Hyang Seri who existed at the time of its dissolution switched to the Perseroan Company (PERSERO).

BAB II
INTENT AND PURPOSE

Section 2
The intent and purpose of the Perseroan Company (PERSERO) as referred to in Article 1 is for:
a. Conduct production, marketing and agricultural seed trading efforts;
., b. Conduct research services, certification, education, counseling and other services in the field and other businesses that directly improve the business.

BAB III
PERSERO CAPITAL

Section 3
.,, (1) The Modal Company of Perseroan (PERSERO) that was placed and tuned at the time its founding came from the wealth of the State embedded in the General Company (PERUM) Sang Hyang Seri.
.,, (2) The value of the Country ' s wealth as referred to in paragraph (1) is set forth by the Minister of Finance based on the results of a joint calculation by the Treasury and the Department of Agriculture.
., (3) other provisions of the Perseroan Company ' s (PERSERO) application are set up in its Basic Budget, including the provisions regarding the base capital Perseroan (PERSERO) divided over the shares in accordance with the provisions of the Regulation. The Government Number 12 Year 1969 as amended by Government Regulation No. 24 of 1972.
.,, (4) The Opening Neraca Company of Perseroan (PERSERO) is set by the Minister of Finance.

BAB IV
THE IMPLEMENTATION OF THE PERSERO ESTABLISHMENT

Section 4
The implementation of the establishment of the Company (PERSERO) as referred to in section 1 is done according to the provisions of the Code of Trade Law (Staatsblad Year 1847 Number 23) as has been several times modified, lastly with Law No. 4 of 1971 and other provisions of the Limited Perseroan regard to the provisions set forth in Government Regulation No. 12 of 1969 as amended by Government Regulation No. 1. 24 Years 1972.

Section 5
.,, (1) The completion of the establishment of the Perseroan Company (PERSERO) as referred to in Article 4 is felt to the Minister of Finance.
.,, (2) the Minister of Finance may submit the power as referred to in paragraph (1) with the accompanying substitution right to the Minister of Agriculture provided that the Basic Budget Plan of the Company (PERSERO) must be granted consent. First from the Minister of Finance.

BAB V
CLOSING PROVISIONS

Section 6
Since the establishment of the Persero Company (PERSERO) and the creation of the General Company (PERUM) Sang Hyang Seri, then the Government Regulation No. 44 of 1985 is declared no longer valid.

Section 7
By the enactment of this Government Regulation, the provisions issued under Government Regulation No. 44 of 1985 remain in effect as long as not contradictory and have not been replaced with new provisions issued. based on this Government Regulation and other regulatory rules regarding the Perseroan Company (PERSERO).

Section 8
The further provisions necessary for the implementation of this Government Regulation are governed by the Minister of Finance and the Minister of Agriculture both jointly and individually in accordance with the fields of their respective duties.

Section 9
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 ordination in the State Sheet of the Republic of Indonesia.

.,, Set in Jakarta
on June 28, 1995
PRESIDENT OF THE REPUBLIC OF INDONESIA

SUHARTO
Promulgated in Jakarta
on June 28, 1995
MINISTER OF STATE SECRETARY OF STATE
REPUBLIC OF INDONESIA

MOERDIONO