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Law no. 19 of 2003 on State-owned enterprises.

Country/Territory
Indonesia
Document type
Legislation
Date
2003
Source
FAO, FAOLEX
Original source
State gazette of the Republic of Indonesia no. 70 of 2003.
Subject
General
Keyword
Authorization/permit Business/industry/corporations Cooperative/producer organization Financing Fiscal and market measures Public participation Social protection
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia
Abstract

This Law, consisting of 95 articles, provides for the enforcement of the role of State-owned enterprises, in order to contribute to the development of national economy, to perform public services and social welfare benefits to lower economic class entrepreneurs, cooperative and the general public. The Law defines the following relevant terms: State-owned enterprises; State-owned limited liability company; public corporation; restructuring; privatisation; general meeting of shareholders. The Laws identifies the involved and responsible authorities, as board of Directors, board of Supervisors and board of Commissioners; defines purposes and objectives of State-owned limited liability companies, Ministerial powers concerning these companies; establishes public corporation and defines its purposes, objectives, organs. The Law provides for acquisition, consolidation and dissolution of State-owned enterprises; public service obligation; internal and external audit committees; purposes and objectives of restructuring and privatisation, including enhancement of public participation and strengthening of financial structure; procedures for privatisation.

Full text
English/Indonesian
Website
peraturan.go.id

References - Legislation

Implemented by

Regulation of the Government of Indonesia no. 45 of 2005 on establishment, management, supervision and dissolution of State-owned enterprises.

Legislation | Indonesia | 2005

Keyword: Business/industry/corporations, Institution, Monitoring, Policy/planning, Fiscal and market measures, Procedural matters

Source: FAO, FAOLEX