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Government Regulation No. 15 Of 1999

Original Language Title: Peraturan Pemerintah Nomor 15 Tahun 1999

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That is, the "party of the bill" is a certain party that has bills to the retailer's share of the company's shareholders and not the company of the company.
Verse (2)
.,, pretty clear

Section 3
.,, pretty clear.

Section 4
.,, pretty clear.

Section 5
.,, pretty clear.

Section 6
., referred to as the "daily newspaper" is a daily newspaper published and circulated in the place of the company and daily newspaper with the national circulation.

Article 7
.,, pretty clear.
/> CERTAIN TYPES OF BILLS THAT
CAN BE COMPENSATED AS
STOCK DEPOSIT

PRESIDENT OF THE REPUBLIC OF INDONESIA,

.,,, weighed: that in the course of implementation of the provisions Article 28 paragraph (2) of the Law No. 1 of 1995 on Limited Perseroan needs to establish the Government Regulation on Certain Forms of Bill Which Can Be Compensated As A Stock Deposit;

.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945;
., 2. No. 1 Act 1995 on Limited Perseroan (State Sheet Of 1995 Number 13, Additional Sheet Country Number 3587);

DECIDED:

.,, stipulating: REGULATION OF THE GOVERNMENT OF THE REPUBLIC OF INDONESIA NUMBER 15 OF 1999 ON CERTAIN FORMS OF BILLS THAT CAN BE COMPENSATED AS A STOCK DEPOSIT.

Section 1
A particular bill form is any bill form against the company arising out of:
., a., a. The company has received money or any tangible object or tangible object that can be judged by money;
., b. a liability to a party, in which the company has received benefits that may be assessed by money; or
., c. the party who was in charge or the guarantor of the debt from the company has committed its obligations to pay the debt of the company's debts.

Section 2
.,, (1) Certain forms of the bill may be compensated by the company with a deposit obligation on the share price of a company taken by a party that is exceeded the bill to the company.
.,, (2) Compensation of a particular invoice form as referred to in paragraph (1), may only be done based on previously pledged compensation with the approval of the Shareholders General Meeting or that compensation is exercised. based on the approval of the shareholders ' meeting.

Section 3
The decision of the Shareholders ' General Meeting as referred to in Article 2 of the paragraph (1) is valid, if taken in accordance with the provisions of Article 75 of the Law Number 1 of 1995 on the Limited Perseroan.

Section 4
In the case of a Limited Perseroan-shaped company applies the laws in the field of capital markets.

Section 5
In the Basic Budget it can be determined that the stock spending by the company as a result of compensating certain bill forms, should not be offered first to the company's shareholders.

Section 6
The top of the shares performed as a result of the bill's form compensation as referred to in this Government Regulation, it must be announced in 2 (two) daily newspapers.

Section 7
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 February 25, 1999
PRESIDENT OF THE REPUBLIC OF INDONESIA,

BACHARUDDIN JUSUF HABIBIE
Promulgated in Jakarta
on February 25, 1999
MINISTER OF STATE SECRETARIAT COUNTRY
REPUBLIC OF INDONESIA,

AKBAR TANJUNG

ADDITIONAL
STATE SHEET RI
No. 3812 (explanation Of State Sheet 1999 Number 28)

EXPLANATION
Above
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
NUMBER 15 YEAR 1999
ABOUT
CERTAIN TYPES OF BILLS THAT
CAN BE COMPENSATED AS
SHARES IN THE STOCK

UMUM

., one of the goals in the form of Law No. 1 of 1995 on Limited Perseroan is as a means of the law that encourages, exerts and controls various development activities in the economic field, both current and in the past will come, in particular in order to face globalization in the field of economics that is very influential to the world of business in Indonesia.
.,, the Limited Perseroan Act has governed in principle the principles of the rules of the establishment of the company, the business of the company, the activities of the company and the other. However, there are still materials that are expressly required to be further regulated by the Government Regulation. One of the materials that is expressly required to be governed by the Government Regulation is the provisions of Article 28 of the paragraph (2) of certain forms of bills that can be compensated as a stock deposit.
., as for the purpose of setting the matter, to give the foundation and legal certainty to certain forms of bills that can be compensated as a stock deposit.
., in principle, all forms of certain bills may be compensated as stocks, as long as the compensation is done by or approved by the company after first receiving the Shareholders ' General Meeting approval. The company is concerned.
., as for the purpose of the provisions of Article 28 paragraph (1) that determines that "shareholders who have bills against the company cannot use the bill ' s right to compensate for its stock price" is to prevent that from being used. shareholders who are also unilaterally uniformed creditors without the agreement of the use of compensation and thus placing itself in a favorable position with respect to its binding obligations. The guarantee of all the company's creditors.
., however, given the intent of being conceived in Article 28 of the paragraph (2) of the Act of Limited Perseroan is to avoid the presence of a fictitious model, then the compensation of certain types of bills. As a stock, a stock is required to be set up
.,, in this Government Regulation is set about requirements and manners that must be met with the company in order for certain forms of bills to be compensated as a stock deposit that meets the requirements.

SECTION BY SECTION

Section 1
.,, in the sense of a "particular form of bills" including the paying liability based on the finished service and the completed services are performed.
Letter a
.,, pretty clear
Letter b
.,, referred to as the company has received benefits that can be assessed with money is a debt payment liability by the company being removed and the company gets the bill ' s rights on the side of the party.
Letter c
.,, a performing or guarantor who pays the debt of debt to be a creditor of a company based on the rights of the surrogacy.

Section 2
.,, Verse (1)