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Government Regulation Number 29 1991

Original Language Title: Peraturan Pemerintah Nomor 29 Tahun 1991

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SHEET COUNTRY
REPUBLIC OF INDONESIA

No. 37, 1991 (INDUSTRY. -PERSERO. State Company. PN. On the forbidden. )

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 29, 1991
ABOUT
TRANSFER OF STATE ENTERPRISE FORM ON PROHIBITED TO
THE PERSEROAN COMPANY (PERSERO)

PRESIDENT OF THE REPUBLIC OF INDONESIA,

.,, weighed: a. that in order to improve the efficiency and effectiveness of the effort, then the Padaprohibited State Company established with Government Regulation No. 136 Year 1961 is assessed to meet the requirements to be transferred its form into the Perseroan Company. (SERBOING);
., b. that in connection with this, the transfer of the form of the State Company in order to become 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 1969 on the Decree of Government Regulation Substitute No. 1 in 1969 on State Forms Of Business (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 Tata Cara Coaching in the Supervision of the Company (PERJAN), the General Company (PERUM) and the Perseroan Company (PERSERO) (State Sheet 1983 Number 3, Additional Gazette State Number 3246) as has been amended with Government Regulation No. 28 of 1983 (State Sheet of the Year 1983 number 37);

DECIDED:

.,, establish: REGULATIONS OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA ON THE DIVERSION OF A STATE CORPORATION ' S CORPORATE FORM ON THE BAN OF BEING A COMPANY OF PERSEROAN (PERSERO).

BAB I
DIVERSION OF FORM AND DISSOLUTION

Section 1
.,, (1) The Forbidden State Company established with Government Regulation No. 136 of 1961 transferred its form to the Perseroan Company (PERSERO) as referred to in Law Number 9 of the Year 1969.
.,, (2) With the passage of the form of the State Company Padaprohibited into a Perseroan Company (PERSERO) as referred to in paragraph (1), the Prohibited Countries Corporation was declared disbanding at the time of the establishment of the Perseroan Company (PERSERO), with The provision of the rights and obligations, wealth as well as the employees of the State Company at the time of its dissolution are switched to the Perseroan Company (PERSERO).

BAB II
INTENT AND PURPOSE

Section 2
The intent and purpose of the Perseroan Company (PERSERO) is to conduct production activities in the pulp and paper industry sector.

BAB III
PERSERO CAPITAL

Section 3
.,, (1) The Modal Company of Perseroan (PERSERO) that was placed and deployed at the time of its founding came from the wealth of the State embedded in the State Company of the Forbidden.
.,, (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 Industry.
., (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
THE IMPLEMENTATION OF THE PERSERO ESTABLISHMENT

Section 4
The implementation of the establishment of the Company (PERSERO) as referred to in Article 1 is done according to the provisions of the Code of Trade Law (Staatsblad Year 1847 Number 23) as it has been several times modified, last with Law No. 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 Finance Minister may hand over power as referred to in paragraph (1) with the accompanying substitution right to the Minister of Industry, provided that the Basic Budget Plan of the Perseroan Company (PERSERO) must be entitled The first approval from the Minister of Finance.

BAB V
CLOSING PROVISIONS

Section 6
Since the establishment of the Company Perseroan (PERSERO) and the creation of the Padaprohibited State Company, Government Regulation Number 136 of 1961 was declared not valid.

Section 7
The further provisions necessary for the implementation of this Government Regulation are governed by the Minister of Finance and the Minister of Industry 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 this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.

.,, Set in Jakarta
on May 20, 1991
PRESIDENT OF THE REPUBLIC OF INDONESIA

SUHARTO
Promulgated in Jakarta
on May 20, 1991
MENTERI/SECRETARY OF STATE
REPUBLIC OF INDONESIA

MOERDIONO