Government Regulation Number 11 1991

Original Language Title: Peraturan Pemerintah Nomor 11 Tahun 1991

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PP 11-1991 Text copy _?.
Back COUNTRY SHEET REPUBLIC of INDONESIA No. 14, 1991 (the industry. PERSERO. State Enterprises. GOVERNMENT REGULATION of the REPUBLIC of INDONESIA) number 11 in 1991 ABOUT the TRANSFER of STATE ENTERPRISES FORM BLABAK COMPANY COMPANY (PERSERO) PRESIDENT of the REPUBLIC of INDONESIA,.,, Considering: a. that the efforts in order to improve the efficiency and effectiveness of the business, then State enterprises established with Blabak Government Regulation Number 133 1961 judged eligible for the company's Corporate transitioned into shape (PERSERO);
.,, b. that with respect to the transfer of State enterprises form Blabak 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 No. 10, additional State Gazette 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 the STATE COMPANY COMPANY COMPANY BLABAK (PERSERO).
CHAPTER I the TRANSFER FORM and DISSOLUTION article 1.,, (1) the State Enterprise founded by Blabak Government Regulation Number 133 1961 routed its shape to become the company's Company (PERSERO) as stipulated in Act No. 9 of 1969.
.,, (2) and dialihkannya form the State Company Company Company Blabak (PERSERO) as mentioned in paragraph (1), State enterprises Blabak stated the company at the time broke up the company (PERSERO), provided that the rights and obligations of the company's employees as well as wealth, the country's existing Blabak upon its dissolution the company turn to the company (PERSERO) is concerned.
CHAPTER II AIMS and OBJECTIVES article 2 purpose and objectives of the company by the company (PERSERO) is to conduct production activities in the pulp and paper industry sector.

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 the country that are embedded in State enterprises Blabak.
.,, (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 industry.
.,, (3) other provisions concerning Corporate capital of the company (PERSERO) is set in the budget Basically include 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 by observing the provisions stated 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 kepaaa the Minister of finance.
.,, (2) the Financial Secretary may submit a power referred to in subsection (1) with the right of substitution to the Minister of industry, provided 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 for the company since its foundation the company (PERSERO) and dibubarkannya Enterprises Blabak, government regulation Number 133 in 1961 stated does not apply.

Article 7 further Provisions necessary for the implementation of this Regulation is governed by the Minister of finance and Minister of industry either jointly or singly in accordance with their respective field of duty.

Article 8 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 February 11, 1991 the PRESIDENT of the REPUBLIC of INDONESIA SOEHARTO Promulgated in Jakarta on February 11, 1991 the MINISTER/STATE SECRETARY MOERDIONO of INDONESIA

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