AMENDMENT TO GOVERNMENT REGULATION NO. 36/1977 ON THE TERMINATION OF FOREIGN BUSINESS ACTIVITIES IN THE
TRADE SECTOR AS ALREADY AMENDED THE LATEST BY GOVERNMENT REGULATION NO. 41/1997
(Government Regulation No. 15/1998, dated January 21, 1998) THE PRESIDENT OF THE REPUBLIC OF INDONESIA
Considering :
a. that within the framework of national economic reforms and restructuring. as
well as creating increasingly fair business competition, it is deemed
necessary to grant opportunity to foreign investment companies set up under
Law No. 1 /1967 to operate as retailers;
b. that for this purpose it is necessary to improve Government Regulation No.
36/1977 on the termination of foreign business activities In the trade sector as
already amended the latest by Government Regulation No. 41/1997.
In view of :
1. Article 5 paragraph (2) of the Constitution of 1945;
2. Government Regulation No. 36/1977 on the termination of foreign business
activities in the trade sector as already amended the latest by Government
Regulation No. 41/1997.
DECIDES:
To stipulate:
Article 1
To amend the provisions in Article 3 paragraphs (4) and (5) of Government Regulation No. 36/1977 on the termination of foreign business activities in the trade sector as already amended the latest by Government Regulation No. 41/1997, so that they become paragraph (4), paragraph (5), paragraph (6) and paragraph (7), which read as the following:
Article 3
(4) Companies established under foreign capital investments in the production sector shall be allowed to sell their products to end consumers through foreign investment companies especially set up as retailers.
(5) The foreign investment companies especially set up as retailers as meant in paragraph (4) shall be allowed to sell goods of other companies.
(6) The foreign investment companies especially set up as retailers as meant in paragraph (4) shall not be allowed to act concurrently as distributors/wholesalers.
(7) Any violation of the trading activities as stipulated in this government regulation shall have the consequence of business licence revocation pursuant to the relevant laws in force. '
Article 11
This government regulation shall come into force as from March 31, 1998.
For public cognizance, this government regulation shall be promulgated by
publishing it in the Statute Book of the Republic of Indonesia.
Stipulated in Jakarta Promulgated in Jakarta On January 21, 1998
On January 21, 1998 THE PRESIDENT OF THE REPUBLIC THE MINISTER/STATE OF INDONESIA,
SECRETARY,
Sgd sgd
STATUTE BOOK OF THE REPUBLIC OF INDONESIA 1998 NUMBER 25 AMENDMENT TO GOVERNMENT REGULATION NO. 36/1977 ON THE TERMINATION OF FOREIGN BUSINESS ACTIVITIES IN THE
TRADE SECTOR AS ALREADY AMENDED THE LATEST BY GOVERNMENT REGUIATION NO. 41/1997
(Government Regulation NO. 15/1998 dated January 21, 1998) (Continued-from Business News No. 6115 page 15A)
ELUCIDATION ON
GOVERNMENT REGULATION NO. 15 / 1998 CONCERNING
AMENDMENT TO GOVERNMENT REGULATION NO. 36/1977 ON THE TERMINATION OF FOREIGN BUSINESS ACTIVITIES IN THE TRADE SECTOR AS ALREADY AMENDED THE LATEST BY
GOVERNMENT REGULATION NO. 41/1997
GENERAL
Within the framework of national economic reforms and restructuring and further
increasing the smooth flow of goods as well as creating increasingly fair business
competition. The government deems it necessary to further enhance the
participation of foreign capital investment companies in the domestic sale of
goods.
In this connection, it is deemed necessary to amend Government Regulation No.
36/1977 on the termination of foreign business activities in the trade sector as
ARTICLE BY ARTICLE
Article 1
Sufficiently clear
Article 11
Sufficiently clear
