Government Regulation Number 24 Of 1984

Original Language Title: Peraturan Pemerintah Nomor 24 Tahun 1984

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Read the untranslated law here: http://peraturan.go.id/inc/view/11e44c4ed53c31809fb0313231363539.html

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Back COUNTRY SHEET Republic of INDONESIA No. 36, 1984 GOVERNMENT REGULATION of the REPUBLIC of INDONESIA NUMBER 24 of 1984 ABOUT GENERAL COMPANY (PERUM) POST and CURRENT PRESIDENT of the REPUBLIC of INDONESIA, Considering: a. that with the promulgation of the Government Regulation number 3 in 1983 about The coaching and Supervision Division, Company (AGREEMENT), a public Company (PUBLIC CORPORATION), and the company the company (PERSERO), as amended by government regulation Number 28 1983 , then the settings of the Public Company (PUBLIC CORPORATION) postal and the Giro, which was established by the Government Regulation number 9 1978 need to be adjusted;
b. that relates to such matters in the letter a above, the perceived need to reorganize the Public Company (PUBLIC CORPORATION) postal and Giro;
Remember: 1. Article 5 paragraph (2) and article 33 paragraph (2) of the Constitution of 1945;
2. Act No. 19 of Prp in 1960 about the company the State (State Gazette 1960, an additional 59 Sheet Number country number of 1989);
3. Act No. 9 of 1969 concerning the determination of the Replacement Government Regulations Act No. 1 of 1969 (the 1969 State Gazette number 16, an additional Sheet country number 2890) about State Business forms into law (State Gazette Number 40 in 1969, State Gazette Supplementary Number 2809);
4. Act No. 6 of 1984 on the post (the 1984 State Gazette Number 28, State Gazette Supplementary Number 3294);
5. Government Regulation number 3 in 1983 about The coaching and Supervision Division, Company (AGREEMENT), a public Company (PUBLIC CORPORATION), and the company 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);

Decide: define: GOVERNMENT REGULATION of PUBLIC COMPANY (PUBLIC CORPORATION) POSTAL and GIRO.
CHAPTER I GENERAL PROVISIONS article 1 In this Regulation the definition: 1. The Government of the Republic of Indonesia is the Government;
2. The President is the President of Republic of Indonesia;
3. the Minister is the Minister responsible in the field of postal and Giro;
4. The Director-General is the Director General who is responsible in the field of postal and Giro;
5. the Supervisory Board is the Board of Trustees Public Company (PUBLIC CORPORATION) postal and Giro;
6. the company is a Public Company (PUBLIC CORPORATION) postal and Giro;
7. The Board of Directors is the company's Board of Directors General (PERUM) Pos and Giro;
8. the Director General is the Director of the main company (PERUM) Pos and Giro;
9. An employee is an employee of a public Company (PUBLIC CORPORATION) postal and Giro;
10. Construction activity is to provide guidelines for companies in the planning, implementation, and control of with intent so that companies can carry out the tasks and functions in Sepik and succeeded to, and well developed;
11. Supervision is the whole process of assessment of the activities of the company, with the goal of keeping the company carry out its functions properly and successfully achieve the goal that has been set;
12. Examination is to assess the activities of the company by way of compare between the actual state of affairs with the State is supposed to do, both in financial and/or technical operations in the field.
CHAPTER II ESTABLISHMENT of COMPANIES article 2 Public Company (PUBLIC CORPORATION) postal and the Giro, which was established by the Government Regulation number 9 in 1978, as a continuation of State enterprises based on the Government Regulation Number 29 in 1965, followed by the establishment and continued to further efforts on the basis of the provisions of this Regulation.


CHAPTER III of the ARTICLES of ASSOCIATION of the COMPANY the first Common article 3 (1) the companies referred to in article 2 is a business entity authorized to hold the Office of the Ministry of post and giropos to the public.
(2) companies do efforts based on the provisions of this Regulation and the applicable legislation.
(3) by not reducing the provisions in this Regulation, the law applicable to the company Indonesia.
The second part is the seat of article 4 (1) a company domiciled and headquartered in Bandung.
(2) a change of seat and Head Office of the company is set forth by the President upon the proposal of the Minister.
(3) in the course of development, the company can hold the units of the implementing organizations set out the Board of directors after obtaining the approval of the Minister.
The third part of the nature, purpose and the purpose of article 5 (1) the nature of the business of the company is to provide services to benefit the public and simultaneously cultivate a profit based on the principles of the management of the company.
(2) the intention of the company is organizing a public benefit in the form of quality and adequate services for the fulfillment of his life, as well as many people participated and actively carry out and support the implementation of the Government program and wisdom in economics and development in General.
(3) the purpose of the company is to build, develop, and lobbies for postal service and giropos in the sense of existence in order to heighten the public relations smoothness to support the implementation of national development.
The fourth part of the field Effort article 6 With regard to the principles of economy and provided the safety of the country's wealth, the company held/organizing efforts as follows: a. organizing and postal service and giropos, both for relations within the country and abroad;

b. development planning and expansion means the post and giropos;
c. other efforts with regard to the applicable legislation and/or other discretion determined by the Minister.
Part five article 7 Capital (1) Capital of the company is the wealth of the country separated from the budget of the State Expenditures and Revenues and is not divided into shares.
(2) the magnitude of the company's capital is equal to the value of the wealth of a country that has been embedded in a Public Company (PUBLIC CORPORATION) postal and Giro as stipulated in article 2, based on a determination of the Minister of finance in accordance with the results of the calculations are conducted jointly by the Ministry of finance and the Ministry of tourism, post, and telecommunications.
(3) any capital increase from outside who come from the wealth of Countries separated, done with government regulation.
(4) the company may increase its capital fund formed and nurtured in intern according to the provision in article 53.
(5) the company does not hold a silent reserve or backup the secret.
(6) All tools liquid (liquide) which are not immediately required by the company is stored in a State-owned Bank is approved by the Minister.
Article 8 (1) Purchases for investment held firm, can originate from: a. internal funds the company;

b. inclusion of State income and Expenditure Budget through the State;

c. loan from inside and/or outside the country;

d. other sources.
(2) Investment Budget presented in the budget of the company while the proposed investment budget whenever during the fiscal year in question, then the investment budget presented in conjunction with the supplementary budget or budget change companies that pengajuannya carried out in accordance with the procedures referred to in article 19.
Article 9 (1) the company may acquire and use the funds obtained and to develop its business through the spending of bond, or the tools that other valid.
(2) the Expense of bonds, or the tools that other valid as mentioned in subsection (1), including the provisions related to it, are regulated by government regulations.
Article 10 submission of any activity, pemindahtanganan, load, elimination of fixed assets, acceptance of the medium term loans/lending long, in form and in any way, do not charge again, eliminating the bookkeeping of accounts receivable and inventory items, it can be done by the Board of Directors upon the permission of the Minister after Minister gets prior approval from the Minister of finance.

Article 11 the imposition of additional duties to companies outside of the duty arising from the financial result against corporate budget set by the Minister after obtaining the approval of the Minister of finance.

The sixth part of the leadership, coaching, and management article 12 the company is led and managed by a Board of Directors comprising a President Director and as many 4 (four) Directors in accordance with the areas of its business.

Article 13 (1) Coaching against the company are performed by the Minister, which in practice is assisted by the Director-General on the basis of the provisions set out further by the Minister.
(2) the Board of directors or a Director for and on behalf of the Board of directors receive instructions from and responsible to the Minister about the common wisdom to run the company's principal tasks and other things deemed necessary.
(3) the implementation of functional administrative responsibility of the company as a State-owned enterprise of the Government, in this case the Minister and Minister of finance, was conducted by the Director on behalf of the Board of Directors.
Article 14 duties and authorities of the Board of Directors are as follows: a. lead, administer, and manage the company in accordance with the objectives of the company by always trying to improve the effectiveness and the results to the company;
b. master, maintain, and take care of the wealth of the company;
c. represent the company inside and outside the Court;
d. carry out general wisdom in taking care of the company which have been outlined by the Minister;

e. set the company's discretion, in accordance with the common wisdom that was specified by the Minister;
f. prepare annual work plan in due time the company complete with a financial budget;
g. hold and maintain the bookkeeping and the administration of the company in accordance with the applicable customary for a company;
h. prepare organization the company complete with details of its work;
i. appoint and dismiss employees of the Company in accordance with the regulations applicable to the staffing company;
j. setting the salary, retirement/old day guarantee, and other income for the employees of the company as well as manage all other staffing matters, in accordance with the provisions of the applicable legislation;
k. provide any information about the circumstances and the operations of the company, whether in the form of the annual report, as well as periodic reports according to the manner and time prescribed in government regulations and whenever requested by the Minister;
b.   run other obligations based on the instructions of the Minister.
Article 15 (1) in carrying out the duties of the principal company: a. Director of betwenang and reserves the right to act on behalf of the Board of Directors;
b. the Director shall be entitled and authorized on behalf of the Board of Directors, each for their fields and within the limits specified in the rules of conduct and how to run a jobs Board of Directors.
(2) if the Director was unable to keep his job or when running the post terluang and his successor has not been appointed or not to assume his post, then the Office of the Director of dipangku by the oldest Director in the period based on the appointment of an interim Minister, and if the Director does not exist or is unable to remain then the Office dipangku by other directors based on the appointment of an interim Minister, both with the power and authority of the President.
(3) if all the members of the Board of Directors was unable to keep running his job or the position of the Board of Directors and have not been entirely terluang was appointed his successor or not to assume his post, then for a while the leadership and management of the Company is run by a Board of directors appointed by the Minister.
(4) in carrying out its duties and authorities referred to in Article 2 letter c, the Board of Directors can do it alone or submit the power to: a. one or several members of the Board of Directors, or b.  one or more employees of the company either alone or together, or c.  other person or entity;

specifically designated for it.
(5) the code of conduct and how to run a jobs Board of Directors referred to in subsection (1), is set in the regulations set by the Board of Directors with the approval of the Minister.
(6) the salary, allowances, emolumen, and other income of the members of the Board of Directors designated by the Minister, with regard to the provisions of the applicable provisions.
Article 16 (1) Board members are appointed and dismissed by the President upon the proposal of the Minister after hearing considerations the Minister of finance.
(2) members of the Board of Directors are appointed for a period of 5 (five) years and after his tenure ends can be removed again.
(3) in such matters below, the President over the proposal the Minister may dismiss all or one of the Board members even though the term referred to in subsection (2) has not ended because: a. the mutation position for the benefit of the company and the State;

b. at the request of its own;

c. perform any act or attitude that is detrimental to the company;

d. perform actions or attitude that is contrary to the interests of the State;

e. physical or mental disability that results in unable to do their job;

f. died;

g. not enough qualified or was not doing their job properly;

h. does not implement the provisions of the articles of Association of the company.
(4) Dismissal for reasons mentioned in paragraph (2) Letter c, letter d and, if it is a violation of the rules of criminal law is not the dismissal with respect.
(5) prior to termination for the reasons referred to in subsection (3) of the letters c and d done, to members of the Board of Directors concerned are given the opportunity to defend themselves in writing, addressed to the Minister, which must be held within 1 (one) month after the concerned Board members were told by the Minister that the dismissal of the plan.
(6) for the matter referred to in subsection (5) has not terminated, then the Minister may lay off for a while the Board members concerned. If within 2 (two) months after the dismissal of the Board members in question on the basis of the provisions of paragraph (4) has not obtained a decision concerning the dismissal of members of the Board of Directors, then the suspension shall become void and the concerned Board members can immediately run the Office again, except when the dismissal decision is necessary for the decision of the Court and it must be notified to those concerned.
Article 17 (1) members of the Board of Directors is a citizen of Indonesia.
(2) members of the Board of directors appointed under the terms of the ability and expertise in the field of the management of the company, have the knowledge and experience necessary to lead a company engaged in the field of post and giropos, have morals and moral good and has other requirements that are needed to support the progress of his Company.
(3) the Board of Directors devote its full dedication and ability on the duties, obligations and the achievement of the purposes of holding companies.
Article 18 (1) between the members of the Board of directors there should be no family relations to the third degree either according to the straight line or a line of respect, including the son-in-law and brother-in-law, unless it is authorized President.

If after the Rapture, they entered a forbidden family relationship, to be able to resume his post required written permission from the President.
(2) members of the Board of Directors may not have a personal interest either directly or indirectly in an Assembly/other companies that seek/for-profit aims.
(3) members of the Board of Directors are not allowed to assume the post of the stanzas as below: a. the main Director or Directors at other State-owned enterprises, or a private company, or other term associated with the management of the company;
b. structural and functional Office in other Establishments/institutions of the Central Government or region;
c. other appointments, based on legislation in force.
The seventh section of the work plan and corporate budget article 19 (1) not later than 3 (three) months before the fiscal year went into effect, the Board of Directors sends a work plan and budget that includes the Company's investment budget and budgets of exploitation to the Minister to obtain its endorsement on the basis of an assessment by the Minister and the Minister of finance.
(2) unless the Minister in writing expressed objections or refusing the activities contained in the work plan and budget of the company before stepping on the new fiscal year, the budget was then in full force.
(3) the work plan and/or supplementary budget or a change in the budget in the fiscal year concerned must be submitted in advance to the Ministry according to the time and manner specified by the Minister to obtain its endorsement on the basis of an assessment by the Minister and the Minister of finance.
(4) if within a period of three (3) months after the request for approval referred to in subsection (3) is filed, the Minister denied the objections in writing, then changes to the work plan and budget is considered to have passed.
(5) the work plan and/or budget companies that have endorsed was the Foundation's work and be a task for the Board of Directors to carry out the activities listed in it.
Article 20 (1) All financing in the framework of the implementation of the tasks of internal auditing unit, the Board of Trustees, as well as experts, charged to the company, and be clearly budgeted in the budget of the company.
(2) the company banned finance expenditure undertaken by the Departments/Agencies that nurture and supervise Companies in order the construction and supervision of the company.
The eighth section Fare Arrangement tariff clause 21 postal and giro is based on the principle of obtaining sufficient revenue for the company to cover all the cost of concessions, development costs and a reasonable profit which tata pengbitungannya is set in accordance with the legislation in force.


The ninth part of the accounting system Article 22 fiscal year of the company is the calendar year, unless specified otherwise by the Minister.

Article 23 (1) any changes, either caused by events or transactions oteh others within the company that affect assets, debt, capital, costs, and revenues should be accounted for on the basis of a system of accounting which can be accounted for.
(2) the accounting systems referred to in subsection (1) are drawn up and implemented by the Board of Directors in order to run properly on the basis of the principles of internal control, especially the separation of the functions of management, recording, storage, and supervision.
(3) in the course of examination, the Agency for financial supervision and development assess the system defined as mentioned in subsection (2) and if necessary provide guidelines and suggestions of perfection.
The tenth part of the supervision section 24 (1) the Minister is to conduct surveillance over the course of the company.
(2) on the company's established supervisory board responsible to the Minister.

(3) the Board of Trustees was tasked to carry out surveillance against the management of the company including the implementation of the work plan and budget of the company.
(4) the Board of Trustees carry out duties, authority, and responsibilities in accordance with the provisions applicable to the company and execute the decisions and instructions of the Minister.
Article 25 the Board of Trustees in the discharge of his duties shall be obliged to: a. provide opinions and advice to the Minister through the Director-General regarding the draft work plan and budget of the company and changes/enhancements and other reports from the Board of Directors;
b. oversee the implementation of the work plan and budget of the company and deliver the results of the assessment to the Minister with a copy to the Board of Directors and the Director General;
c. follow the development of the company's activity and in terms of the company showed symptoms of decline, immediately report to the Minister with a copy to the Director-General, accompanied by advice on improvement measures which should be taken;
d. provide opinions and advice to the Minister with a copy to the Director General and to the Board of Directors regarding any other issue that is considered important for the management of the company;
e. do other supervisory tasks specified by the Minister;
f. provide a report to the Minister and the Minister of Finance regularly (quarterly and annual) as well as at any time required on the development of the company and the results of the execution of the duties of the Board of Trustees.
Article 26 in the implementation of the supervisory duties as stipulated in article 24, the Board of Trustees is obligated to pay attention to: a. the guidelines and instructions of the Minister by always paying attention to the efficiency of the company;

b. the provisions in the regulations the establishment of companies as well as the provisions of the applicable legislation;

c. separation of tasks with the task of supervision of management of the company which is the duties and responsibilities of Directors.

Article 27 in carrying out the duties and obligations of Trustees has the authority as follows: a. look at the books and letters as well as other documents, checking the State of the cash (for verification purposes) and check out the wealth of the company;
b. Enter the yards-yards, buildings, and offices used by the company;
c. ask for explanations from the leadership of the company concerning any question relating to the management of the company;
d. ask directors and/or other officials with knowledge of the Board of Directors to attend a meeting of the Board of Trustees;
e. meetings of Directors and give views towards things that are talked about, f.   other matters deemed necessary as set forth in the company's regulations.
Article 28 (1) the Board of Trustees held a meeting at kuranpya 3 (three) months and at any time when necessary.
(2) in the meeting referred to in subsection (1) discussed matters related to the company, in accordance with the basic tasks, functions, and rights and obligations.
(3) the decision of the meeting of the Board of Trustees is drawn on the basis of deliberation for consensus.
(4) For each meeting made note of a meeting.
Article 29 to help the smooth implementation of the duties of the Board of Trustees, the Minister may appoint a Secretary over the burden of enterprises.

Article 30 (1) the Board of Trustees as stipulated in article 24 comprises elements of official Ministry of tourism, post, and telecommunications, the Ministry of finance, and other Departments/Agencies whose activities relate to the company or the other officials proposed by the Minister having regard to consideration of the Minister of finance.
(2) one member of the Board of Trustees was appointed as Chairman of the Board.
Article 31 (1) a member of the Board of Trustees appointed from the dedication, viewed ably and has the ability to exercise discretion regarding the Minister of guidance and supervision of the company.
(2) in addition to the requirement mentioned in paragraph (1), a member of the Board of Trustees are not allowed to have interests that conflict with or interfere with the interests of the company.
Article 32 (1) a member of the Supervisory Board amounted to at least 2 (two) and as many 5 (five) persons consisting of the Chairman and members of the Board.
(2) the Chairman of the Supervisory Board coordinates the Member Board of Trustees, is responsible for implementation of the supervision to the Minister and/or the Minister of finance.
Article 33 (1) the term of the Chairman and members of the Board of Trustees is three (3) years.
(2) members of the Supervisory Board, upon completion of his term as referred to in paragraph (1), can be removed again by remaining attentive to the conditions as referred to in article 34 paragraph (2).
Article 34 (1) the appointment and dismissal of the members of the Board of Trustees is done by the President upon the proposal of the Minister after hearing considerations the Minister of finance.
(2) if the Minister contends that the members or one of the members of the Supervisory Board after serving some time apparently not or could not perform his duties properly, then the Minister may propose a lunch to the President.
Article 35 if the Board of Trustees considered necessary in carrying out his duties can obtain the assistance of experts.

Article 36 Supervisory Board members are not allowed to concurrently another position on a private business entity that may pose conflict of interest directly or indirectly with the interests of the company.

Article 37 (1) the company's internal auditing done by the internal auditing unit.
(2) the internal auditing unit is headed by a Chief who is accountable to the Director.
Article 38 (1) of the internal auditing unit is in charge of helping the Director held a top rating management control systems (management) and its implementation on the company and provide suggestions in fixes.
(2) the Board of Directors used the opinions and suggestions of internal auditing unit as material to implement refinements to the management (management) good company and can be accounted for.
Article 39 in the execution of his duties, the internal auditing unit is obligated to keep the smooth execution of the task unit of any other organization within the company in accordance with the duties and responsibilities of each.

Article 40 Spi can obtain the assistance of experts.

Article 41 the direction of internal auditing unit must have the education and/or skills sufficient to meet the requirements as a Superintendent intern, objective, and highly dedicated.

Article 42 the head of the internal auditing unit is appointed and dismissed by the Board of Directors.

Article 43 (1) the head of the Agency for financial supervision and development checks accounting annual financial statements of the company.
(2) the examination referred to in subsection (1), can also be performed by the public Accountant on the condition that the results of the pemeriksaannya approved by the head of the Agency for financial supervision and development.
(3) in the discharge of a provision referred to in subsection (1), may also be carried out operational inspection against the company.
Article 44 the inspection results the supervisory task referred to in Article 43 also delivered to the Minister, the Minister of finance, the Board of Directors, and the Board of Trustees.

Article 45 With the supervisory authority does not reduce as stipulated in the articles in this section every head of the Organizational Unit within the company responsible for conducting surveillance inherent in each of its work environment.

The eleventh section of the Employment Article 46 (1) to facilitate the goals of the company, need to be created as well as the existence of peace peace of work within the company by providing a proper appreciation to all employees as well as the excitement of working in a company.
(2) the Legal Position, composition, line, termination, salary, pensions, and allowances for employees of the Company are governed on the basis of the applicable legislation.
(3) other income-Earning employee of the company is governed by its own Board of directors after obtaining the approval of the Minister.
Article 47 the Directors appoint and dismiss employees/workers of the company based on the applicable legislation.

Article 48 (1) to the company's employees are granted a pension on the basis of laws and regulations that apply to employees of the company.
(2) in addition to pensions, to employees of the Company may be given a guarantee of other old days set by the Board of directors after obtaining the approval of the Minister.
The twelfth part of the responsibilities of the employees and the demands of the indemnification of article 49 (1) All employees of the Company including members of the Board of Directors in the position as such, which is not saddled with the task of storage of money, securities, goods and supplies, which is due to the actions against the law or because of dereliction of duty and the duty charged to them by directly or indirectly have caused losses to the company, are obliged to indemnify.
(2) the provisions for damages against civil servants in full force against the employees of the company.
(3) All employees of the company that was encumbered by the task of storing, payment or delivery of the money and securities belonging to the company and goods niilik Company supplies stored in warehouses or storage areas that are specifically and solely used for the purpose it was responsible of the execution of his duty to the Financial Examiner.
(4) an employee referred to in subsection (3), no need to send the accountability about how to take care of it to the body of the Financial Examiner.


Claim against the employees according to the conditions set out for the Treasurer by the Agency of financial Examiners are exempted from the obligation of accountability about how dealing.
(5) All other evidence and letter mail however his nature, which includes a number of bookkeeping and administration company, kept in the place of the company or other place that is designated by the Minister, unless it is temporarily transferred to the Agency in terms of the Financial Examiner deems it necessary for the sake of something examination.
(6) for the purposes of the examination related to the determination of tax and accounting checks in General other letters and receipts referred to in subsection (5), for a while can be transferred to the Finance Department and/or the body of financial supervision and development.
Thirteenth section Reporting article 50 (1) for each fiscal year by the Board of directors organized an annual calculation consisting of the balance sheet and the profit-loss calculations.

The balance sheet and the profit loss calculations submitted to the Minister with a copy to the Minister of finance, Agency for financial supervision and development, Director General, the Board of Trustees, Financial Examiner no later than 6 (six) months after the fiscal year according to the manner specified by the Minister.
(2) how to post in the calculation of the annual assessments should be mentioned.
(3) If within a period of three (3) months after receiving an annual calculation by the Minister is not a written objection, then the annual calculation that is supposed to have passed.
(4) the annual Calculation endorsed by Ministers after the assessed jointly by the Minister and the Minister of finance based on the results of the examination of the financial supervision Agency and designated agency or Development. Endorsement is meant to give exemption to the Board of directors against everything that is included in the calculation of the annual.
(5) a Director required to report quarterly and other periodic reports in accordance with the limits of a defined period of time, along with other reports according to the provisions of the Statutes and regulations, to kctentuan Officials/Agencies as referred to in paragraph (1).
Article 51 the assessment Results to financial statements quarterly and annual and other reports from the company that carried out by the Director-General submitted to the Minister and the Minister of Finance within the time limit of no later than 2 (two) months after receiving the report from the President Director.

Article 52 (1), reports referred to in article 50 and article 51 was delivered right on time.
(2) the form of the report on implementation of the tasks referred to in subsection (1) is designated by the Minister of finance after hearing the Minister's consideration.
The fourteenth part of profit use of Article 53 (1) of the net profit that has been authorized by article 50: a. set aside to Fund the construction of the universe of 55% (fifty-five per cent);
b. General Reserves amounting to 20% (twenty percent) until the general reserve amounting to twice the company's capital;
c. Backup goal of 5% (five per cent);
d. the rest of 20% (twenty per cent) used to fund social services, education, production, and retirement fund contribution breakdown comparison further, the Division set by the Minister.
(2) if the amount of the General reserves referred to in paragraph (1) letter b has been reached, the amount of the part of net income allocated to the general reserve fertilization can then be used for fertilizing capacity expansion of spending money for the company.

The general reserve before reaching the number of 2 (two) times the capital of the company, with the approval of the Minister of Finance upon proposal of the Minister, the Board of Directors may use the General Reserve Fund for the benefit of the company's capacity expansion of spending.
(3) purpose of the Reserves referred to in paragraph (2) Letter c, among others, used for fertilizing capacity expansion of spending money for the company.
The fifteenth section of the dissolution of the company Article 54 (1) the dissolution of the company and the appointment of likuidaturnya set by government regulations.
(2) All the wealth of the company upon liquidation, was held to belong to the State.
(3) Liability liquidation by the liquidator is done to the Minister giving the exemption of liability about the work that has been completed by him.
CHAPTER IV TRANSITIONAL PROVISIONS Article 55 with the introduction of government regulations, then the implementation provisions have been issued based on the Government Regulation Number 29 1965 and Government Regulation No. 9 in 1978, still remain in force throughout does not conflict and have not replaced by new provisions are issued on the basis of this Regulation.


Chapter V CLOSING PROVISIONS Article 56 With enactment of this Legislation, then the Government Regulation Number 29 1965 and Government Regulation No. 9 in 1978 declared no longer valid.

Article 57 of 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.

Established in Jakarta on September 4, 1984, the PRESIDENT of the REPUBLIC of INDONESIA SOEHARTO Promulgated in Jakarta on September 4, 1984, MINISTER/STATE SECRETARY SUDHARMONO, S.H., INDONESIA