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Government Regulation No. 14 Of 1996

Original Language Title: Peraturan Pemerintah Nomor 14 Tahun 1996

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Finance and the Minister of Agriculture both jointly and individually in accordance with the fields of their respective duties.

Article 9

The rules of this Government begin to apply on the date of promulgations. In order for everyone to know, order this Government Regulation invitation with its discoverer in the State Sheet of the Republic of Indonesia. It was established in Jakarta on August 14, 1996 PRESIDENT OF THE REPUBLIC OF INDONESIA ttd. SUHARTO was invited in Jakarta on 14 March 1996 as the Minister of State Secretary of State of the Republic of Indonesia ttd. MOERDIONO OF THE REPUBLIC OF INDONESIA STATE OF 1996 NUMBER 20

s XVIII which were each established under Government Regulation No. 32 of 1973 and Government Regulation No. 11 of 1981, as well as Government Regulation No. 23 of 1972 in one Company Company. (PERSERO);

b. that the smelting of both the Perseroan Company (PERSERO) and the establishment of the Perseroan Company (PERSERO) need to be established with the Government Regulation;

Given: 1. Article 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 under the Law No. 4 of 1971 (State Sheet of 1971 Number 20, Additional Gazette 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 No. 12 of 1969 on the Company Perseroan (PERSERO) (State Gazette 1969 Number 21, Additional Gazette number 2894) as amended

with Government Regulation Number 24 Of 1972 (Sheet States Of 1972 Number 32, Additional State Sheet Number 2987);

5. Government Regulation No. 3 of 1983 on the Tata Way Coaching Supervision Of The Office Of Jawatan (PERJAN), The General Company (PERUM) and the Perseroan Company (PERSERO) (State Gazette 1983 Number 3, Additional Gazette Number 3246) as has been amended by Government Regulation No. 28 of 1983 (Country Gazette 1983 number 37);

DECIDED:

Establits: GOVERNMENT REGULATIONS ON CORPORATE SMELTING

PERSEROAN (PERSERO) PT PLANTATION XV-XVI AND COMPANY PERSEROAN (PERSERO) PT PLANTATION XVIII BECAME COMPANY PERSEROAN (PERSERO) PT PLANTATION NUSANTARA IX.

BAB I

SMELTING AND ESTABLISHMENT

Article 1

(1) Perseroan Company (PERSERO) PT Perplantations XV-XVI and Company

Perseroan (PERSERO) PT PerPlantation XVIII which were each established under Regulation Government Number 32 of 1973 as amended by Government Regulation No. 11 Year 1981, and Government Regulation No. 23 Year 1972 was merged into a new Perseroan (PERSERO) Company under the name of the Company Perseroan (PERSERO) PT The Nusantara IX plantation, which is next in the Regulation of the Government is called PERSERO.

(2) By doing the smelting as referred to in paragraph (1), then at the time of the establishment of PERSERO, the Perseroan Company (PERSERO) PT Perplantations XV-XVI, and the Perseroan Company (PERSERO) PT PerPlantation XVIII were declared to be disbanding with the the provisions of all rights and obligations, wealth and employees of the Company of Perseroan (PERSERO) PT PerPlantation of XV-XVI and the Company of Perseroan (PERSERO) PT PerPlantation XVIII turned to PERSERO.

(3) In the diversion of how referred to in paragraph (2) does not include any rights and obligations, wealth as well as employees of the Company of Perseroan (PERSERO) PT PerPlantation XVIII on the Development Project in Propinsi of South Kalimantan and Borneo Middle.

BAB II

THE INTENT AND PURPOSE OF PERSERO

Section 2 of the intent and purpose of PERSERO as referred to in Article 1 is to host: a. An effort in the field of plantations; and b. Other efforts that support the establishment of the estate

in accordance with applicable laws.

CHAPTER III CAPITAL PERSERO

Section 3

(1) Modal PERSERO as referred to in Article 1 that was placed and

disetored by the State of the Republic of Indonesia at the time of its founding, derived from the entire wealth of the State of the Republic of Indonesia embedded in the Company Perseroan (PERSERO) PT Perplantations XV-XVI including the former sack factory Delanggu and Perseroan Company (PERSERO) PT PerPlantation XVIII, after being reduced by a number of funds to be used in the framework of the establishment of Perseroan Company (PERSERO) PT Perplantations Nusantara XIII.

(2) the Modal placed and the country ' s dictor as referred to in paragraph (1) does not include the wealth of the Country embedded in the Perseroan Company (PERSERO) PT Perplantations XVIII as referred to in Article 1 of the paragraph (3).

(3) The main capital of PERSERO and the funds to be used for the establishment of the Company Perseroan (PERSERO) PT Perplantations Nusantara XIII as referred to in paragraph (1) is set by the Minister of Finance based on mutual calculations by Department of Finance and Department of Agriculture.

(4) Other provisions regarding PERSERO ' s application are set up in the Basic Budget, including the basic capital provision divided over the shares in accordance with the provisions of the Government Regulation Number 12 Year 1969 as amended by Government Regulation No. 24 of 1972.

(5) The closing balance of the Perseroan Company (PERSERO) PT plantations XV-XVI and the Perseroan Company (PERSERO) PT Perplantations XVIII was examined by the Financial and Development Oversight Board (BPKP) and passed by the Minister of Finance.

(6) The PerSERO Opening Balance Sheet is set by the Finance Minister.

CHAPTER IV IMPLEMENTATION OF THE SMELTING AND

ESTABLISHMENT OF PERSERO

Section 4 of the Company of Perseroan scattering (PERSERO) PT Perplantations XV-XVI, and Perseroan Company (PERSERO) PT Perplantations XVIII as referred to in Section 1 performed by the Minister of Finance and the Minister of Agriculture under the provisions of the applicable laws.

Article 5 Implementation of the PERSERO establishment as referred to in Article 1 is done according to the provisions of the Code of Law Trade (Staatsblad Year 1847 Number 23) as it has been several times amended, Last with Act No. 4 of 1971 with regard to the provisions as referred to in Government Regulation No. 12 of 1969 as amended by Government Regulation No. 24 Year 1972, and laws other in effect.

Article 6 (1) The completion of the PERSERO establishment as referred to in Article 1

is felt to the Minister of Finance. (2) The Minister of Finance may submit such power in paragraph (1), with

accompanied by the right of substitution to the Minister of Agriculture, provided that the Basic Budget Plan of PERSERO must receive approval first from the Minister. Finance.

BAB V

provisions CLOSING

Article 7 (1) Calculate from the time of the establishment of PERSERO, then Government Regulation Number

32 Year 1973 and Government Regulation Number 11 of 1981, as well as Government Regulation Number 23 The year 1972 was declared unapplicable.

(2) All regulation of the conduct of the Regulation The government in paragraph (1) is declared to remain in effect as long as it does not conflict with or has not been replaced with a new one under this Government Regulation.

Article 8 Further provisions necessary for the implementation of this Government Regulation are governed by the Minister of