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Government Regulation No. 13 Of 1996

Original Language Title: Peraturan Pemerintah Nomor 13 Tahun 1996

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y 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

34 Year 1971, Government Regulation Number 25 Year 1971 and Government Regulation Number 24 Year 1971 declared not applicable.

(2) All rules of execution of Government Regulation That in paragraph (1) is stated to remain in effect as long as it does not conflict with or has not been replaced with new ones under this Government Regulation.

Article 8

Further provisions are necessary for the execution of The rules of the Government are governed by the Minister of Finance and the Minister of Agriculture both jointly and individually in accordance with the fields of their respective duties.

Article 9 of this Government Regulation shall begin in effect on the promulgated date. 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

promulred in Jakarta on 14 March 1996 MINISTER OF STATE SECRETARY OF STATE OF REPUBLIC OF INDONESIA ttd. MOERDIONO SHEET OF STATE REPUBLIC OF INDONESIA IN 1996 NUMBER 19

umber 2890) into Law (State Gazette 1969 Number 40, State Sheet Number 2904);

4. Government Regulation Number 12 of 1969 on the Company

Perseroan (PERSERO) (1969 State Sheet Number 21, Additional Gazette Number 2894) as amended by Government Regulation No. 24 of 1972 (Sheet) State Of 1972 Number 32, Additional State Sheet Number 2987);

5. 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, Additional Sheet Country Number 3246) as has been amended with the Government Regulation No. 28 of 1983 (Country Gazette 1983 number 37);

DECIDED:

Establits: GOVERNMENT REGULATIONS ON CORPORATE SMELTING

PERSEROAN (PERSERO) PT XI PLANTATION, COMPANY PERSEROAN (PERSERO) PT PLANTATION XII, AND COMPANY PERSEROAN (PERSERO) PT PLANTATION XIII BECAME A COMPANY OF PERSEROAN (PERSERO) PT PLANTATION NUSANTARA VIII.

BAB I

PELESSNESS AND ESTABLISHMENT

Section 1 (1) Perseroan Company (PERSERO) PT Perplantations XI, Company Perseroan

(PERSERO) PT Perplantations XII, Company Perseroan (PERSERO) PT Perplantations XIII, respectively was established under Government Regulation No. 34 of 1971, Government Regulation Number 25 of 1971, and Government Regulation No. 24 Year 1971 was merged into a new Perseroan Company (PERSERO) under the name of the Company Perseroan (PERSERO) PT The Nusantara VIII plantation, which is next in Regulation of the Government, is called PERSERO.

(2) By doing the smelter as referred to in paragraph (1), then at the time of the establishment of PERSERO, Perseroan Company (PERSERO) PT Perplantations XI, Perseroan Company (PERSERO) PT PerPlantation XII, and the Perseroan Company (PERSERO) PT The XIII plantation was declared dissolved by the provision of all rights and obligations, wealth and employees of the Company of Perseroan (PERSERO) PT Perplantations XI, Company Perseroan (PERSERO) PT Perplantations

XII, and Perseroan Company (PERSERO) PT PerPlantation XIII turned to PERSERO.

(3) In the diversion as referred to in paragraph (2) does not include: a. any rights and obligations, wealth and employees of the Company of Perseroan

(PERSERO) PT PerPlantation XI at The Development Project in Propinsi of South Sumatra;

b. any rights and obligations, wealth and employees of Perseroan Company (PERSERO) PT Perplantations XII on the Development Project in Propinsi Kalimantan West;

c. any rights and obligations, wealth and employees of the Company of Perseroan (PERSERO) PT Plantation XIII on the Development Project in West Kalimantan Propinsi.

BAB II

THE INTENT AND PURPOSE OF PERSERO

Article 2 The intent and purpose of PERSERO as referred to in Article 1 is to host: a. efforts 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 establishment, derived from the entire wealth of the Republic of Indonesia embedded in the Company Perseroan (PERSERO) PT Perplantations XI including the conversion of a loan interest Nation of the Republic of Indonesia from the International Bank for Reconstruction and Development (IBRD), EXIM Bank Japan I and EXIM Bank Japan II, Perseroan Company (PERSERO) PT PerPlantation XII, and Company Perseroan (PERSERO) PT PerPlantation XIII, after minus a number of funds to be used in the framework of the Company's founding Perseroan (PERSERO) PT Perplantations Nusantara XIII.

(2) Modal placed and disetored the State as referred to in paragraph (1) does not include the wealth of the Country embedded in the Company Perseroan (PERSERO) PT Perplantations XI, Perseroan Company (PERSERO) PT Perests

XII, and Perseroan Company (PERSERO) PT PerPlantation XIII as referred to in Article 1 of 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 the calculations done jointly by the Department of Finance and The 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 Regulation. Government Number 12 Year 1969 as amended by Government Regulation No. 24, 1972.

(5) The closing balance of the company Perseroan (PERSERO) PT plantations XI, the company Perseroan (PERSERO) PT plantations XII, and the Perseroan Company (PERSERO) PT Perplantations XIII were examined by the Financial and Development Oversight Board (BPKP) and passed by the Minister of Finance.

(6) Neraca Opening PERSERO is set by the Minister of Finance.

CHAPTER IV IMPLEMENTATION OF THE SMELTING AND

FOUNDING PERSERO

Article 4 Implementation Of The Company ' s Perseroan (PERSERO) PT Plantation XI, Perseroan Company (PERSERO) PT PerPlantation XII, and Company of Perseroan (PERSERO) PT PerPlantation XIII as referred to in Section 1 is conducted by the Minister of Finance and Minister of Agriculture under applicable law provisions.

Article 5 Implementation of the establishment of PERSERO as intended In Article 1, under the provisions of the Code of Trade Law (Staatsblad of 1847 Number 23) as amended, the last with Law Number 4 of the Year of 1971, with regard to the provisions of the Code of Commerce, Government Regulation No. 12 of 1969 as amended by Government Regulation No. 24 Year 1972, and other laws applicable.

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

Reused to the Minister of Finance. (2) The Minister of Finance ma