SHEET COUNTRY
REPUBLIC OF INDONESIA
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
No. 25 YEAR 1993
ABOUT
ASSIGNMENT OF LOKANANTA COUNTRY COMPANY FORM TO
THE PERSEROAN COMPANY (PERSERO)
PRESIDENT OF THE REPUBLIC OF INDONESIA,
.,, weighed: a. that in order to improve the efficiency and effectiveness of the business, the Lokananta State Company established with Government Regulation No. 215 of 1961 was assessed as meeting the requirements to be transferred its form into the Company of Perseroan (PERSERO) as referred to in Law Number 9 of 1969;
., b. that in connection with this, the assignment of the Lokananta Country Enterprise 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 Effort (state Gazette 1969 Number 16, Additional Gazette 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 THE STATE COMPANY LOKANANTA TO BE A COMPANY OF PERSEROAN (PERSERO).
BAB I
DIVERSION OF FORM AND DISSOLUTION
Section 1
.,, (1) The Lokananta State Company established with Government Regulation No. 215 of 1961 transferred its form to the Perseroan Company (PERSERO) as referred to in Law Number 9 of the Year 1969.
.,, (2) By passing the form of the Lokananta State Company into a PerserO Company (PERSERO) as referred to in paragraph (1), the Lokananta State Company was declared disbanding at the time of the establishment of the Perseroan Company (PERSERO), with The provisions of the rights and obligations, as well as the employees of the existing Lokananta State Company at the time of its dissolution are switched to the Perseroan Company (PERSERO) in question.
BAB II
INTENT AND PURPOSE
Section 2
The intent and purpose of the Perseroan Company (PERSERO) is for:
., a., a. conduct production and services activities in the audio and video recording industry sectors in all types and forms in order to preserve and develop the nation's culture;
., b. Do other efforts to support the business of being referred to in a letter.
BAB III
PERSERO CAPITAL
Section 3
.,, (1) The Modal Company of Perseroan (PERSERO) which was placed and deployed at the time of its establishment comes from the wealth of the State embedded within the Lokananta State Company.
.,, (2) The value of the Country ' s wealth as referred to in paragraph (1) is set by the Minister of Finance based on the results of a joint calculation by the Department of Finance and the Information Department.
., (3) other provisions of the Perseroan Company ' s (PERSERO) application are set up in its Base Budget including provisions concerning the base capital of the Company Perseroan (PERSERO) which is divided over shares in accordance with the provisions of the Company. Government Regulation No. 12 of 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
EXECUTION OF THE ESTABLISHMENT OF THE PERSEROAN
Section 4
The implementation of the establishment of the Company (PERSERO) as referred to in Article 1 is conducted under the provisions of the Code of Trade Law (Staatsblad of 1847 Number 23) as has been several times amended, last with the Act of Law of the Law of Commerce (WSDM). Number 4 of 1971 with regard to the provisions set forth in Government Regulation No. 12 of 1969 as amended with the Government Regulation No. 24 of 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 Information Minister, 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 Company of Perseroan (PERSERO) as well as the creation of the Lokananta State Company, the Government Regulation No. 215 of 1961 is declared to be not valid.
Section 7
The further provisions necessary for the implementation of this Government Regulation are governed by the Minister of Finance and the Information Minister both jointly and individually in accordance with the fields of their respective duties.
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 the Government Regulation with its placement in the State Sheet of the Republic of Indonesia.
.,, Set in Jakarta
on May 5, 1993
PRESIDENT OF THE REPUBLIC OF INDONESIA
SUHARTO
Promulgated in Jakarta
on May 5, 1993
MENTERI/SECRETARY OF STATE
REPUBLIC OF INDONESIA
MOERDIONO
