SHEET COUNTRY
REPUBLIC OF INDONESIA
| No. 45, 1992 | (BANK. FINEK. -PERSERO. Indonesia Development Bank (BAPINDO). ) |
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 25, 1992
ABOUT
ADJUSTMENT OF THE LEGAL FORM OF THE INDONESIAN DEVELOPMENT BANK
BEING A PERSEROAN COMPANY (PERSERO)
PRESIDENT OF THE REPUBLIC OF INDONESIA,
.,, weighed: a. that under the Law No. 7 of 1992 on Banking, the Indonesian Development Bank must be adjusted its legal form with one of the forms of law as referred to in the Act;
., b. that the next form of law that is considered appropriate for the Indonesian Development Bank is the Perseroan Company (PERSERO) as referred to in Law Number 9 of 1969 and Government Regulation No. 12 of 1969 as amended. with Government Regulation No. 24 of 1972;
.,, c. that in connection with that above, the adjustment of the legal form of the Indonesian Development Bank into a Perseroan Company (PERSERO), 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 Business (The 1969 State Gazette Number 16, Additional State Sheet Number 2890) Into Law. (State Gazette 1969 Number 40, Additional Gazette Number 2904);
., 4. Law Number 7 Of 1992 On Banking (State Sheet Of 1992 Number 31, Extra State Sheet Number 3472);
. .5. Government Regulation Number 12 of 1969 on the Company Perseroan (PERSERO) (1969 State Sheet Number 21, Additional Gazette State Number 2894) as amended by Government Regulation No. 24 of 1972 (State Sheet) 1972 Number 32, Auxiliary Leaf Country Number 2987);
., 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, Additional Sheet Country 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 ADJUSTMENT OF THE LEGAL FORM OF THE INDONESIAN DEVELOPMENT BANK TO THE COMPANY OF PERSEROAN (PERSERO).
BAB I
LEGAL FORM ADJUSTMENT AND DISSOLUTION
Section 1
.,, (1) Indonesia Development Bank established under Law No. 21 Prp Year 1960 adjusted its legal form into the Perseroan Company (PERSERO) as referred to in Law Number 9 Year 1969 and Government Regulation Number 12 Years 1969 as amended by the Government Regulation No. 24 of 1972.
.,, (2) With the release of the Indonesian Development Bank legal form to the Perseroan Company (PERSERO) as referred to in paragraph (1), under Law No. 7 of 1992 concerning Banking, the Indonesian Development Bank was declared a disbanding At the time of the establishment of the Company, it was provided that all rights and obligations, and the employment of the Indonesian Development Bank, at the time of its dissolution, switched to the Company of Perseroan (PERSERO) which was the company of the Indonesian National Bank. Concerned.
BAB II
INTENT AND PURPOSE
Section 2
The intent and purpose of the Perseroan Company (PERSERO) as referred to in Article 1 is to host:
a. The business in banking in the sense that it is in its own way;
B. Other efforts that support the activities of such a letter a.
BAB III
PERSERO CAPITAL
Section 3
.,, (1) The Modal Company Perseroan (PERSERO) placed and tuned at the time its stance is derived from the wealth of the State embedded in the Indonesian Development Bank and/or other wealth in accordance with the applicable provisions, (2) the value of wealth The state as referred to in paragraph (1) is set by the Minister of Finance based on the calculation results conducted by the Treasury Department.
., (3) other provisions of the Perseroan Company (PERSERO) set up its Dashboard Budget, including the provisions regarding the base capital of the Company Perseroan (PERSERO) which is divided over the shares in accordance with the provisions of the Regulation. The Government Number 12 Year 1969 as amended by Government Regulation No. 24 of 1972.
.,, (4) The Balance Balance and Balance Sheet Liquidation Bank of Indonesia as well as the Neraca Opening of the Company Perseroan (PERSERO) are set by the Minister of Finance.
BAB IV
THE IMPLEMENTATION OF THE PERSERO ESTABLISHMENT
Section 4
The implementation of the establishment of the Company (PERSERO) as referred to in Article 1 is conducted under the provisions of the Code of Trade Law (Staatsblad of 1847 Number 23) as has been several times amended, last with the Act of Law of the Law of Commerce (WSDM). Number 4 of 1971 with regard to the provisions set forth in Government Regulation No. 12 of 1969 as amended with the Government Regulation No. 24 of 1972.
Section 5
.,, (1) the Finance Minister carries out the establishment of the Perseroan Company (PERSERO) as referred to in Article 4.
., (2) The first class of directors and the Board of Commissioners at the time of the establishment of the Company of Perseroan (PERSERO) as referred to in Article 1 of the paragraph (2), was conducted by the Minister of Finance as the founder after having received the President's approval.
., (3) The commissioning of the Board of Directors and the next Board of Commissioners of Perseroan Companies (PERSERO) are conducted by the General Meeting of Shareholders, of the candidates who were submitted by the Minister of Finance as shareholders after having received the President's approval.
BAB V
CLOSING PROVISIONS
Section 6
Since the establishment of the Perseroan Company (PERSERO) and the dissolution of the Indonesian Development Bank, under Law Number 7 of 1992 on Banking, Law No. 21 Prp Year 1960 on Indonesia Development Bank as it has been several times modified, last with Act No. 2 Pnps of 1966 did not apply anymore.
Section 7
The provisions of the Act of Law No. 21 of the Prp Year in 1960 as amended, last with Law No. 2 of the Pnps Year of 1966 still remain in effect as long as it does not conflict with the Law No. 7 of 1992. and other provisions set up the Perseroan Company (PERSERO).
Section 8
The further provisions necessary for the implementation of this Government Regulation are governed by the Finance Minister.
Section 9
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 29, 1992
PRESIDENT OF THE REPUBLIC OF INDONESIA
SUHARTO
Promulgated in Jakarta
on April 29, 1992
MENTERI/SECRETARY OF STATE
REPUBLIC OF INDONESIA
MOERDIONO
