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Government Regulation Number 11 1990

Original Language Title: Peraturan Pemerintah Nomor 11 Tahun 1990

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SHEET COUNTRY
REPUBLIC OF INDONESIA

No. 15, 1990 (CAPITAL INCLUSION. -PERSERO. FARMING. Fishery. State Company. Government Regulation No. 4 of 1972. )

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
NUMBER 11 YEAR 1990
ABOUT
THE DISSOLUTION OF THE COMPANY (PERSERO) The PT. KARYA
MINA AND THE ADDITION OF THE COUNTRY CAPITAL INCLUSION THAT
DERIVED FROM THE WEALTH OF THE COUNTRY ' S LIQUIDATION RESULT
SERSEROAN (PERSERO) The PT. MINA ' S WORK INTO STOCK CAPITAL
COMPANY COMPANY (PERSERO) The PT. THE WORK OF MINA

PRESIDENT OF THE REPUBLIC OF INDONESIA,

.,, weighed: a. that based on the results of the research on the feasibility of the Company Perseroan (PERSERO) The PT. The work of Mina, which was established with Government Regulation No. 4 of 1972, proved to be untenable for its efforts, so it was deemed necessary to disband the Company (PERSERO);
., b. that to further improve and develop the business activities of the Perseroan Company (PERSERO) The PT. Tirta Raya Mina, is seen as necessary to add the inclusion of the capital of the Republic of Indonesia into the stock capital of the Company Perseroan (PERSERO) The PT. Tirta Raya Mina;
., c. that the entire wealth of the State embedded in the Company of Perseroan Companies (PERSERO) The PT. The work of Mina may be transferred to the addition of the inclusion of the capital of the Republic of Indonesia into the stock capital of the Company Perseroan. (PERSERO) The PT. Tirta Raya Mina;
., d. that in respect of the above, the dissolution of the Perseroan Company (PERSERO) The PT. The work of Mina and the addition of the inclusion of the Indonesian Repubhk State capital into the stock capital of the Company Perseroan (PERSERO) The PT. The Mina Raya tirta 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 Leaf Number 2894) as amended by Government Regulation No. 24 of 1972 (State Sheet of 1972) Number 32, Extra Sheet 1897);
. .5. Government Regulation No. 30 Year 1974 on the Inclusion Of The Capital Of The Republic Of Indonesia For The Establishment Of A Company In Fisheries In Pekalongan (Central Java) (State Sheet 1974 Number 41);
., 6. 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, Extra State Sheet 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 DISSOLUTION OF THE COMPANY OF THE COMPANY (PERSERO) The PT. MINA 'S WORK AND THE ADDITION OF THE INCLUSION OF STATE CAPITAL STEMMING FROM THE COUNTRY' S WEALTH OF LIQUIDATION OF THE COMPANY PERSEROAN (PERSERO) The PT. MINA ' S WORK INTO THE STOCK CAPITAL OF THE COMPANY PERSEROAN (PERSERO) The PT. -TIRTA RAYA MINA.

Section 1
From the effective date of the rule of this Government, the Perseroan Company (PERSERO) The PT. Mina ' s work established under Government Regulation No. 4 of 1972 is dissolved.

Section 2
The implementation of liquidation in the framework of the dissolution as referred to in Article 1 is conducted by the Minister of Finance and the Minister of Agriculture under the provisions of the applicable laws.

Section 3
.,, (1) All the wealth of the Perseroan Company (PERSERO) The PT. The work of Mina as referred to in Article 1 after the liquidation becomes the wealth of the State.
.,, (2) All the country ' s wealth of liquidation of the Company Perseroan (PERSERO) as referred to in paragraph (1), served as the addition of the inclusion of the State capital into the stock capital of the Company Perseroan (PERSERO) The PT. Tirta Raya Mina.
.,, (3) The value of the Country ' s wealth to be made as the addition of the inclusion of the State capital into the stock capital of the Perseroan Company (PERSERO) The PT. The Tirta Raya Mina as referred to in verse (2), is set by the Minister of Finance.

Section 4
The implementation of the addition of the inclusion of the State capital into the stock capital of the Company Perseroan (PERSERO) as referred to in Article 3 is done according to the provisions of the Code of Trade Law (Staatsblad Year 1847 Number 23) as well as in the United States. have been changed several times, last with Law No. 4 of 1971 with regard to the provisions as referred to in Government Regulation No. 24 of 1972.

Section 5
The execution of the provisions as referred to in Article 3 is felt with the right of substitution by the Minister of Finance to the Minister of Agriculture in accordance with the provisions as referred to in Government Regulation No. 12 of 1969.

Section 6
With the liquidation of the Perseroan Company (PERSERO) The PT. The work of Mina, the Government Regulation No. 4 of 1972 was declared not to apply.

Section 7
The further provisions necessary for the implementation of this Government Regulation are governed by the Minister of Agriculture and the Finance Minister, both jointly and individually in accordance with their respective fields of duty.

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 April 23, 1990
PRESIDENT OF THE REPUBLIC OF INDONESIA

SUHARTO
Promulgated in Jakarta
on April 23, 1990
MENTERI/SECRETARY OF STATE
REPUBLIC OF INDONESIA

MOERDIONO