Government Regulation Number 18 1995

Original Language Title: Peraturan Pemerintah Nomor 18 Tahun 1995

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4eb15937d0b093313231353539.html

PP 18-1995 Text copy _?.
Back COUNTRY SHEET Republic of INDONESIA No. 34, 1995 (a) REGULATIONS of the GOVERNMENT of the REPUBLIC of INDONESIA number 18 in 1995 of the DIVERSION of the SHAPE of the PUBLIC COMPANY (PUBLIC CORPORATION) SANG HYANG SERIES BECAME the COMPANY'S COMPANY (PERSERO) PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that in order to improve the efficiency and productivity of agricultural seeding effort, then Public Company (PUBLIC CORPORATION) Sang Hyang Series established by the Government Regulation number 22 in 1971 and enhanced with the Government Regulation Number 44 of 1985 was judged eligible for redirected its shape becomes the company Refines (PERSERO) as referred to in Act No. 9 of 1969;
.,, b. that with respect to such matters, general corporate form diversion (PERUM) Sang Hyang Series became the company's Company (PERSERO), needs to be established by regulation of the Government;
.,, Considering: 1. Article 5 paragraph (2) of the Constitution of 1945;
., ,2. The book of law commercial law (Staatsblad Year 1847 the number 23) as has been modified several times, the last by Act No. 4 of 1971 (the 1971 State Gazette Number 20, additional Sheets State number 2959);
., ,3. Act No. 9 of 1969 concerning the determination of the Government regulation of a replacement law number 1 Year 1969 about State Business Forms (State Gazette number 16 in 1969, State Gazette Supplementary Number 2890) into law (State Gazette Number 40 in 1969, State Gazette Supplementary Number 2809);
., ,4. Government Regulation number 12 in 1969 about the company Company (PERSERO) (State Gazette Number 21 in 1969, State Gazette Supplementary Number 2894) as amended by the Government Regulation Number 24 of 1972 (1972 State Gazette Number Sheet 32, additional State number 2987);
., ,5. Government Regulation number 3 in 1983 about The coaching and Supervision Division, Company (AGREEMENT), a public Company (PUBLIC CORPORATION) and the company (PERSERO) (State Gazette number 3 in 1983, an additional State Gazette Number 3246) as amended by the Government Regulation Number 28 in 1983 (1983, State Gazette Number 37);
DECIDED:.,, set: GOVERNMENT REGULATION of the REPUBLIC of INDONESIA on the TRANSFER FORM PUBLIC COMPANY (PUBLIC CORPORATION) SANG HYANG SERIES BECAME the COMPANY'S COMPANY (PERSERO).
CHAPTER I the TRANSFER FORM and DISSOLUTION article 1.,, (1) a public Company (PUBLIC CORPORATION) Sang Hyang series was established by the Government Regulation number 22 in 1971 that has been enhanced with the Government Regulation Number 44 in 1985, the company's Corporate transitioned into shape (PERSERO) as stipulated in Act No. 9 of 1969.
.,, (2) and dialihkannya form Public Company (PUBLIC CORPORATION) Sang Hyang Series became the company's Company (PERSERO) as mentioned in paragraph (1), a public Company (PUBLIC CORPORATION) Sang Hyang Series was declared dissolved at the time of establishment of the company the company that Refines (PERSERO), provided that all rights and obligations, the wealth, as well as officials of the Public Company (PUBLIC CORPORATION) Sang Hyang Series that existed at the time of its dissolution it switched to the company by the company (PERSERO) is concerned.
CHAPTER II AIMS and OBJECTIVES article 2 purpose and objectives of the company by the company (PERSERO) as referred to in article 1 is to: a. conduct business production, marketing and trade of agricultural seed;.,, b. conducting research, certification, education, outreach and other services in the field of perbenihan as well as other efforts that directly support business perbenihan.
CHAPTER III CAPITAL PERSERO, article 3, (1) the corporate Capital of the company (PERSERO) which are placed and deposited at the time of its founding comes from the wealth of a country that is embedded in a Public Company (PUBLIC CORPORATION) Sang Hyang series.
.,, (2) the value of the wealth of the country referred to in subsection (1) is designated by the Minister of finance based on the results of the calculations by the Department of finance and the Ministry of agriculture.
.,, (3) other provisions concerning Corporate capital of the company (PERSERO) is set in the budget, including provisions on the basic capital of the company by the company (PERSERO) which is divided into shares in accordance with the provisions of Regulation No. 12 in 1969 as amended by government regulation Number 24 in 1972.
.,, (4) the opening balance sheet of the company the company (PERSERO) established by the Minister of finance.
CHAPTER IV IMPLEMENTATION of the FOUNDING PERSERO article 4 implementation of the establishment of the company the company (PERSERO) as referred to in article 1 is carried out according to the provisions of the book of law commercial law (Staatsblad Year 1847 the number 23) as has been modified several times, the last by Act No. 4 of 1971 and other provisions concerning the public limited company with attention to the provisions contained in Government Regulation No. 12 in 1969 as amended by government regulation Number 24 in 1972.

Article 5, (1) the completion of the establishment of the company the company (PERSERO) as referred to in article 4 delegated to the Minister of finance.
.,, (2) the Financial Secretary may submit a power referred to in subsection (1) with the right of substitution to the Secretary of Agriculture with provisions that the draft articles of Association of the company the company (PERSERO) must have prior approval of the Minister of finance.
Chapter V CLOSING PROVISIONS article 6 Accounts since its foundation the company Refines (PERSERO) and dibubarkannya Company (PERUM) Sang Hyang Series, then the Government Regulation Number 44 of 1985 was declared no longer valid.

Article 7 with the introduction of government regulations, then the provisions are issued based on the Government Regulation Number 44 in 1985 still remains valid along does not conflict and have not replaced by new provisions are issued on the basis of this Regulation and other rules governing the company's Company (PERSERO).

Article 8 further Provisions necessary for the implementation of this Regulation is governed by the Minister of finance and Minister of agriculture either collectively or individually in accordance with their respective field of duty.

Article 9 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 the determinations in State Gazette of the Republic of Indonesia.

.,, Set in Jakarta on June 28, 1995 the PRESIDENT of the REPUBLIC of INDONESIA SOEHARTO Promulgated in Jakarta on June 28, 1995 MINISTER of STATE SECRETARY of STATE MOERDIONO of INDONESIA