Jeb-jilid 2 No. 6 April 2014-Full

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  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

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    PNHOBW^E KHTN\SB\K SNWEBCBP PNWS^MG^EBH NAFHFMK

    ABG^PBSNH \^MGB_B GBWBS SBE^H 700>-7027

    Nab Bcnabybhtk

    PNHOBW^E GNJBHIB CBNWBE SNWEBCBP PNWS^MG^EBH NAFHFMK

    ABG^PBSNH \^MGB_B GBWBS SBE^H 700?-7022

    Cngy

    BHBJK\K\ AKHNWIB AN^BHOBH PBCB ABHSFW AN\BS^BH GBHO\B

    CBH PFJKSKA CBJBM HNONWK ABG^PBSNH \^MGB_B GBWBS SBE^H

    7027

    Gnhhy \bmunj

    BHBJK\K\ PNHOBW^E DBASFW-DBASFW PWFC^A\K SNWEBCBP PNH-

    I^BJBH WFSK JBHO\^HO NHBA GBANW[ \^MGB_B GN\BW SBE^H

    7005-7027

    Boustkhus Cbpb Mfcb

    PNHOBW^E CBHB GBHS^BH PWFOWBM \SKM^J^\ NAFHFMK SNWEB-

    CBP PNHCBPBSBH PNJBA^ ^\BEB MKAWF CK ABG^PBSNH \^MGB_B

    GBWBS

    [ujkbhb

    BHBJK\K\ AFHSWKG^\K PBIBA WN\SFWBH SNWEBCBP PNHCBPBSBH

    B\JK CBNWBE ABG^PBSNH \^MGB_B GBWBS SBE^H 700;-7022

    Bous \bjkm

    NDNASKDKSB\ PNH[NWBPBH B\PKWB\K MB\[BWBABS MNJBJ^K M^\-

    WNHGBHO CBJBM BPGC ABG^PBSNH \^MGB_B SBE^H 7027

    Mbrob Ndnhck

    P^\BS WK\NS NAFHFMK CBH PNMGBHO^HBH

    DBA^JSB\ NAFHFMK ^HKTNW\KSB\ \BMB_B

    7023

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    Cktnrgktabh fjne9

    P^\BS WK\NS NAFHFMK CBH PNMGBHO^HBH

    DBA^JSB\ NAFHFMK ^HKTNW\KSB\ \BMB_B

    SBE^H 7023

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    Cktnrgktabh fjne9

    P^\BS WK\NS NAFHFMK CBH

    PNMGBHO^HBH

    Dbaujtbs Nafhfmk

    ^hkvnrsktbs \bmbwb (^H\B)

    Bjbmbt Wncbask9Abmpus Dbaujtbs Nafhfmk

    ^hkvnrsktbs \bmbwb

    Ij. Wbyb Gy Pbss \nrkho ^htnr

    Kwns

    \umgbwb Gnsbr HSGSnjp./Dbas. (0

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    CBDSBW K\K

    PNHOBW^E KHTN\SB\K SNWEBCBP PNWS^MG^EBH NAFHFMK

    ABG^PBSNH \^MGB_B GBWBS SBE^H 700>-7027........................ 2

    Nab Bcnabybhtk

    PNHOBW^E GNJBHIB CBNWBE SNWEBCBP PNWS^MG^EBH

    NAFHFMK ABG^PBSNH \^MGB_B GBWBS SBE^H 700?-7022 .. 23

    Cngy

    BHBJK\K\ AKHNWIB AN^BHOBH PBCB ABHSFW AN\BS^BH

    GBHO\B CBH PFJKSKA CBJBM HNONWK ABG^PBSNH \^MGB_B

    GBWBS SBE^H 7027 ................................................................................. 74

    Gnhhy \bmunj

    BHBJK\K\ PNHOBW^E DBASFW-DBASFW PWFC^A\K SNWEBCBPPNHI^BJBH WFSK JBHO\^HO NHBA GBANW[ \^MGB_B GN\BW

    SBE^H 7005-7027 ....................................................................................... 37

    Boustkhus Cbpb Mfcb

    PNHOBW^E CBHB GBHS^BH PWFOWBM \SKM^J^\ NAFHFMK

    SNWEBCBP PNHCBPBSBH PNJBA^ ^\BEB MKAWF CK ABG^PBSNH

    \^MGB_B GBWBS ................................................................................... 3;

    [ujkbhb

    BHBJK\K\ AFHSWKG^\K PBIBA WN\SFWBH SNWEBCBP

    PNHCBPBSBH B\JK CBNWBE ABG^PBSNH \^MGB_B GBWBS

    SBE^H 700;-7022 ....................................................................................... 4, Bprkj 7023 2

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    PNHOBW^E KHTN\SB\K SNWEBCBP PNWS^MG^EBH NAFHFMK

    ABG^PBSNH \^MGB_B GBWBS SBE^H 700>-7027

    Fjne 9Nab Bcnabybhtk

    BG\SWBA

    Gnjbabhobh khk gbhyba snabjk khvnstfr ybho mnjbauabh khvnstbsk ck Abgupbtnh

    \umgbwb Gbrbt gbka ktu khvnstfr jfabj ybho gnrcfmkskjk ck Abgupbtnh \umgbwb Gbrbt

    mbupuh khvnstfr cbrk jubr Abgupbtnh \umgbwb Gbrbt. Khvnstbsk ybho ckjbauabh fjne

    pbrb khvnstfr tkcba ebhyb pbcb snatfr tbmgbho cbh pbrkwksbtb tbpk iuob pbcb gkcbho

    borkgkshks, pnrkabhbh cbh jbkhhyb. Suiubh cbrk ckjbauabhhyb pnhnjktkbh khk bcbjbe

    uhtua mnhontbeuk pnhobrue iumjbe khvnstbsk tnrebcbp pnrtumguebh nafhfmk ckAbgupbtnh \umgbwb Gbrbt snjbmb tbeuh 700>7027. ^htua mnhlbpbk tuiubh tnrsngut

    mbab ckaumpujabhjbe cbtb-cbtb ybho gnrsumgnr cbrk Gbcbh Pusbt \tbtkstka (GP\)

    Abgupbtnh \umgbwb Gbrbt cbh Gbcbh Pnrnhlbhbbh Pnmgbhouhbh Cbnrbe

    (GBPPNCB) Abgupbtnh \umgbwb Gbrbt. Cnhobh mnhoouhbabh pnhcnabtbh bsfskbtkd

    cbh mnhobhbjksb cbtb cnhobh tnaehka rnornsk jkhnbr sncnrebhb, ebskj pnhnjktkbh khk

    mnhuhiuaabh gbewb vbrkbgjn khvnstbsk gnrpnhobrue skohkdkabh tnrebcbp pnrtumguebh

    pnrnafhfmkbh ck Abgupbtnh \umgbwb Gbrbt ybho brtkhyb snmbakh tkhook khvnstbsk

    ybho ckjbauabh khvnstfr gbka jfabj mbupuh khtnrhbskfhbj ck Abgupbtnh \umgbwb Gbrbt

    babh tnrus mnhkhoabtabh pnrtumguebh nafhfmk ck Abgupbtnh \umgbwb Gbrbt ybho

    ckjkebt mnjbjuk PCWG Abgupbtnh \umgbwb Gbrbt.

    Abtb Auhlk 9 K hvnstbsk, Pnrtumguebh Nafhfmk .

    K. PNHCBE^J^BH

    2.2. Jbtbr Gnjbabho

    Pnrtumguebh nafhfmk mnrupbabh mbsbjbe pnrnafhfmkbh subtu hnobrb cbjbm

    ibhoab pbhibho. Pnrtumguebh nafhfmk mnhouaur prnstbsk cbrk pnranmgbhobh subtu

    pnrnafhfmkbh cbrk subtu pnrkfcn an pnrkfcn gnrkauthyb. Cbrk sbtu pnrkfcn an pnrkfcn

    jbkhhyb anmbmpubh subtu hnobrb uhtua mnhoebskjabh gbrbho cbh ibsb babh mnhkhoabt

    ybho cksngbgabh fjne dbatfr-dbatfr prfcuask ybho snjbju mnhobjbmk pnrtbmgbebh cbjbm

    iumjbe cbh aubjktbshyb. Mnhurut \uakrhf (700

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 7

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    afjusk, afrupsk cbh hnpftksmn. Pnhynjnhoobrbbh pnmnrkhtbe cbnrbe sngbobk sug skstnm

    hnobrb ckmbasucabh uhtua mnhkhoabtabh cbyb ouhb cbh ebskj ouhb pnhnynjnhoobrbbh

    pnmnrkhtbebh cbh pnjbybhbh mbsybrbabt. \ngbobk cbnrbe ftfhfm, Abgupbtnh/Aftb

    uhtua gnrtkhcba sngbobk mftfr sncbhoabh pnmnrkhtbe Prfpkhsk sngbobk affrckhbtfr

    mnmpuhybk anwnhbhobh cbh tbhoouho ibwbg mnhynjnhoobrbabh anpnhtkhobhmbsybrbabt gnrcbsbrabh prkhskp-prkhskp antnrguabbh, pbrtkskpbsk mbsybrbabt cbh

    pnrtbhoouho ibwbgbh anpbcb mbsybrbabt.

    Pnmgbhouhbh ck Abgupbtnh \umgbwb Gbrbt ybho gnrjbhosuho snlbrb

    mnhynjurue cbh gnranskhbmguhobh tnjbe mnhkhoabtabh pnrnafhfmkbh mbsybrbabt.

    Pnhlbpbkbh ebskj-ebskj pnmgbhouhbh ybho sbhobt ckrbsbabh mbsybrbabt mnrupbabh

    bornobt pnmgbhouhbh cbrk nhbm (4) Anlbmbtbh ck \umgbwb Gbrbt ybho tkcba tnrjnpbs

    cbrk usbeb anrbs gnrsbmb-sbmb bhtbrb pnmnrkhtbe cbh mbsybrbabt. Hbmuh ck sksk jbkh

    gnrgbobk anhcbjb cbjbm mnmbaskmbjabh pftnhsk sumgnr cbyb mbhuskb cbh sumgnr

    mfcbj tnrmbsua khvnstbsk mbske ckebcbpk fjne pnhnhtu angkibabh ck tkhoabt prfpkhsk

    mbupuh ck abgupbtnh/aftb.

    Cbjbm tnfrk nafhfmk mbarf cbrk sksk pnhonjubrbh, pnhcbpbtbh rnokfhbj grutfbcbjbe pnhiumjbebh cbrk gnrgbobk vbrkbgnj tnrmbsua ck cbjbmhyb bcbjbe khvnstbsk. Bcb

    gngnrbpb ebj ybho sngnhbrhyb gnrpnhobrue tnrebcbp khvnstbsk. Khvnstbsk ckpnhobruek

    fjne khvnstbsk bskho cbh cfmnstka. Khvnstbsk ybho tnribck ck cbnrbe tnrckrk cbrk khvnstbsk

    pnmnrkhtbe cbh khvnstbsk swbstb cbpbt gnrbsbj cbrk khvnstbsk pnmnrkhtbe cbh khvnstbsk

    swbstb. Khvnstbsk cbrk snatfr swbstb cbpbt gnrbsbj cbrk cbjbm hnonrk mbupuh jubr hnonrk

    (bskho).

    Anokbtbh khvnstbsk ck Abgupbtnh \umgbwb Gbrbt luaup tkhook gnrcbsbrabh cbtb

    cbrk Gbppncb Abgupbtnh \umgbwb Gbrbt, tkcba ebhyb ckjbauabh fjne khvnstfr-khvnstfr

    cbrk jubr tbpk iuob mbsybrbabt Abgupbtnh \umgbwb Gbrbt ybho gnrhkbt mnmgbhouh

    usbebhyb ck Abgupbtnh \umgbwb Gbrbt. Gnjbabhobh khk gbhyba snabjk khvnstfr gbru

    ybho gnrhkbt uhtua mnjbauabh khvnstbsk ck Abgupbtnh \umgbwb Gbrbt, gbka pbcbgkcbho pnrtbmgbhobh, pbrkwksbtb, borkgkshks cbh jbkh sngbobkhyb. Ebj khk tnhtuhyb

    mnmgnrkabh cbmpba gbka tnrebcbp pnrnafhfmkbh ck Abgupbtnh \umgbwb Gbrbt.

    Antnrsnckbbh sbrbhb dkska mnrupbabh sbjbe sbtu dbatfr ybho mnmpnhobruek khvnstfr

    uhtua mnhbhbmabh mfcbjhyb ck Abgupbtnh \umgbwb Gbrbt abrnhb tkcba pnrju

    aebwbtkr babh anjbhoabbh basns sbrbhb cbh prbsbrbhb. \njbkh antnrsnckbbh sbrbhb cbh

    prbsbrbhb dkska ybho mnmbcbk, pnranmgbhobh khvnstbsk ybho pfsktkd iuob babh

    mnmpnhobruek pnranmgbhobh vbrkbgnj mbarf nafhfmk cbnrbe snpnrtk pnrtumguebh

    nafhfmk ybho stbgkj.

    Gnrcbsbrabh urbkbh ckbtbs, pnhujks tnrtbrka mnhoabik jngke ibue gbobkmbhb

    pnhobrue khvnstbsk cbh tnhbob anrib tnrebcbp pnrtumguebh nafhfmk ck Abgupbtnh

    \umgbwb Gbrbt. Bcbpuh iucuj pnhnjktkbh khk bcbjbe Pnhobrue Khvnstbsk Snrebcbp

    Pnrtumguebh Nafhfmk Abgupbtnh \umgbwb Gbrbt, Sbeuh 700>-7027.

    2.7. Suiubh PnhnjktkbhSuiubh pnhnjktkbh khk bcbjbe uhtua mnhontbeuk pnhobrue khvnstbsk tnrebcbp

    pnrtumguebh nafhfmk Abgupbtnh \umgbwb Gbrbt snjbmb tbeuh 700>-7027.

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 , Bprkj 7023 3

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Afhstbh 2;;< ck Prfpkhsk Ibwb Skmur. Cbtb ybho ckouhbabh mnrupbabh cbtb

    snauhcnr tkmn snrkns ybho gnrsumgnr cbrk Gbcbh Pusbt stbtkstka mujbk tbeuh 2;;0

    sbmpbk 7003. Cbtb cbtb ybho ckouhbabh cbjbm pnhnjktkbh khk gnrupb cbtb khvnstbsk

    ( PMSG BCEA), tnhbob anrib cbh PCWG BCEA. Bjbt bhbjksks ybho ckouhbabh

    uhtua mnjkebt pnhobrue khvnstbsk ( PMSG BCEA ), tnhbob anrib cbh PCWGBCEA cnhobh mnhoouhbabh pnrsbmbbhhyb cbrk Lfugg - Cfuojbs bcbjbe [ = B

    AJJ , bpbgkjb ckibckabh rnornsk jkhknr gnrobhcb JHV[ = JHVB + J JHVA +

    JHVJ. Pnrsbmbbh tnrsngut anmuckbh mnhobmgkj duhosk jfo hbturbj ( jh / JH ),

    sngbobk gnrkaut9 JHV[ = JHV 0+ 2 JHVU2 + 7 JHVU7 , JHV [ = - %. Mnjkebt tkhookhyb pnhobrue khvnstbsk ( PMSG BCEA) cbh tnhbob anrib

    tnrebcbp PCWG BCEA mbab enhcbahyb pnmnrkhtbe cbnrbe jngke mnhnabhabh

    pnhkhoabtbh prfcuask cksnobjb snatfr pnhkhoabtbh tnhbob anrib uhtua mnhoekhcbrk

    pnhoobhourbh snlbrb gnsbr gnsbrbh cbh jngke gbhyba mnhbrka khvnstfr cbjbm cbh

    jubr hnork uhtua mnhbhbmabh mfcbj tnrutbmb ck prfpkhsk Ibwb Skmur bobr cbpbt

    mnhkhoabtabh pnrtumguebh nafhfmk.

    7.7. Jbhcbsbh Snfrk

    7.7.2. Snfrk Pnrtumguebh Nafhfmk\nlbrb umum, pnrtumguebh nafhfmk ckcndkhkskabh sngbobk pnhkhoabtbh

    anmbmpubh cbrk subtu pnrnafhfmkbh cbjbm mnmprfcuask gbrbho-gbrbho cbh ibsbibsb.

    Pnrtumguebh nafhfmk bcbjbe sbjbe sbtu khckabtfr ybho bmbt pnhtkho cbjbm mnjbauabh

    bhbjksks tnhtbho pnmgbhouhbh nafhfmk ybho tnribck pbcb subtu hnobrb. Pnrtumguebh

    nafhfmk mnhuhiuaabh snibuembhb batkvktbs pnrnafhfmkbh babh mnhoebskjabh

    tbmgbebh pnhcbpbtbh mbsybrbabt pbcb subtu pnrkfcn tnrtnhtu. Abrnhb pbcb cbsbrhyb

    batkvktbs pnrnafhfmkbh bcbjbe subtu prfsns pnhoouhbbh dbatfr-dbatfr prfcuask uhtua

    mnhoebskjabh futput, mbab prfsns khk pbcb okjkrbhhyb babh mnhoebskjabh subtu bjkrbh

    gbjbs ibsb tnrebcbp dbatfr prfcuask ybho ckmkjkak fKne mbsybrbabt (Gbsrk, 700792;),

    cnhobh bcbhyb pnrtumguebh nafhfmk mbab ckebrbpabh pnhcbpbtbh mbsybrbabt sngbobk

    pnmkjka dbatfr prfcuask iuob babh mnhkhoabt.

    Gngnrbpb tnfrk pnrtumguebh nafhfmk ybho pfpujbr bhtbrb jbkh 9

    2) Snfrk pnrtumguebh ajbska.

    Snfrk khk ckpnjfpfrk fjne Bcbm \mkte, Cbvkc Wklbrcf, Mbjteus, cbh Ifeh \tubrt

    Mkjj. Mnhurut tnfrk khk pnrtumguebh nafhfmk ckpnhobruek fjne nmpbt dbatfr, ybktu

    iumjbe pnhcucua, iumjbe gbrbho mfcbj, jubs tbhbe cbh anabybbh bjbm snrtb

    tnahfjfok ybho ckouhbabh. Mnhurut tnfrk khk, pbcb mujbhyb pnrtbmgbebh pnhcucua

    babh mnhyngbgabh anhbkabh pnhcbpbtbh pnrabpktb. Hbmuh ikab iumjbe pnhcucua

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    tnrus gnrtbmgbe mbab euaum ebskj jngke ybho snmbakh gnraurbho babh

    mnmpnhobruek duhosk prfcuask ybktu prfcuask mbrokhbj babh mnhobjbmk pnhuruhbh,

    cbh babh mnmgbwb pbcb anbcbbh pnhcbpbtbh pnrabpktb sbmb cnhobh prfcuask

    mbrokhbj. Pbcb anbcbbh khk pnhcbpbtbh pnrabpktb mnhlbpbk hkjbk ybho mbaskmbj.

    Iumjbe pnhcucua pbcb wbatu ktu ckhbmbabh pnhcucua fptkmbj. Bpbgkjb iumjbepnhcucua tnrus mnhkhoabt mnjngkek tktka fptkmbj mbab pnrtumguebh pnhcucua babh

    mnhyngbgabh pnhuruhbh hkjbk pnrtumguebh nafhfmk (Wklbrcf cbjbm Ebrkbhk,

    7005942).

    7) Snfrk pnrtumguebh Ebrrfc-Cfmbr.

    Snfrk EbrrfcCbmbr ckcbsbrabh pbcb bsumsk9

    - Pnrnafhfmkbh gnrskdbt tnrtutup.

    - Ebsrbt mnhbguho (MP\ = s) bcbjbe afhstbh.

    - Prfsns prfcuask mnmkjkak afndksknh ybho tntbp (lfhstbht rnturh tf slbjn).

    - Skhoabt pnrtumguebh bhoabtbh anrib bcbjbe afhstbh cbh sbmb cnhobh tkhoabt

    pnrtumguebh pnhcucua.

    Ebrrfc-Cfmbr mnmgubt bhbjksks cbh mnhykmpujabh gbewb pnrtumguebh ibhoabpbhibho ybho mbhtbp (snjurue anhbkabh prfcuask cbpbt cksnrbp fjne pbsbr) ebhyb

    gksb tnrlbpbk bpbgkjb tnrpnhuek sybrbt-sybrbt ansnkmgbhobh sngbobk gnrkaut9

    o = A = h

    Ck mbhb9

    o 9 Orfwte (tkhoabt pnrtumguebh futput)

    A 9 Lbpktbj (tkhoabt pnrtumguebh mfcbj)

    h 9 Skhoabt pnrtumguebh bhoabtbh anrib.

    Ebrrfc-Cfmbr (cbjbm Ebrkbhk, 70059 4

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 4

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    tnrsngut mbab pbrb pnhousbeb babh mnmkhibm mfcbj cbh mnhobcbabh khvnstbsk.

    Khvnstbsk khk babh mnmpnrtkhook anokbtbh nafhfmk subtu hnobrb.

    7.7.7. Snfrk Sbebp-Sbebp Pnrtumguebh Nafhfmk

    Snfrk khk ckmuhlujabh fjne Wfstfw ybho mnmgnrkabh jkmb tbebp cbjbmpnrtumguebh nafhfmk. Bhbjksks khk ckcbsbrabh pbcb anybakhbh gbewb pnrtumguebh

    nafhfmk babh tnrlbpbk sngbobk bakgbt cbh tkmgujhyb pnrugbebh ybho duhcbmnhtbj

    cbjbm lfrba anokbtbh nafhfmk, iuob cbjbm anekcupbh pfjktka cbh euguhobh sfskbj

    cbjbm subtu mbsybrbabt cbh hnobrb. Wfstfw cbjbm Ebrkbhk (70059?>) mnhyngutabh

    tbebpbh tnrsngut ybahk9 Sbebp mbsybrbabt trbckskfhkj1 Sbebp pnjntbabh cbsbr uhtua

    tkhoobj jbhcbs1 Sbebp tkhoobj jbhcbs1 Sbebp onrba mnhuiu anmbtbhobh1 Sbebp nrb

    afhsumsk tkhook snlbrb mbssb.

    Prfsns pnrtumguebh nafhfmk ckpnhobruek fjne cub mblbm dbatfr, dbatfr

    nafhfmk cbh dbatfr hfh nafhfmk (Sfcbrf, 7000937) 9

    - Dbatfr Nafhfmk

    - Dbatfr Hfh Nafhfmk

    7.7.

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 ?

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Cbrk obmgbr 2 ck btbs cbpbt cktnrbhoabh gbewb aurvb tbguhobh (\)

    mnhuhiuaabh tkhoabt tbguhobh pbcb ansnmpbtbh anrib pnhue btbu dujj nmpjfymnht pbcb

    gnrgbobk tkhoabt guhob sncbhoabh ankhokhbh gnrkhvnstbsk pnrusbebbh cktuhiuaabh fjne

    aurvb K0. snekhoob gkjb pbcb mujbhyb ansnkmgbhobh ckbhtbrb tbguhobh cbh khvnstbsk (K0= \0 ) cklbpbk pbcb tktka N0, ckmbhb ansnkmgbhobh tkhoabt guhobh bcb pbcb tktka W0.

    Bpbgkjb mksbjhyb pnrmkhtbbh khvnstbsk gnrugbe cbrk K0 mnhibck K2 mbab pbcb tkhoabt

    guhob W0 sngbhyba \0 tbguhobh cktbwbrabh cbjbm pbsbr, sncbhoabh khvnstbsk ybho

    tnribck babh mnrfsft mnhibck K0. Anjngkebh tbguhobh khkjbe ybho babh mnhuruhabh

    tkhoabt guhob mnhibck W2 snekhoob tnribck ansnkmgbhobh gbru pbcb tktka N2, ckmbhb

    tbguhobh ybho gbru tnjbe jbmb anmgbjk cnhobh pnrmkhtbbh khvnstbsk (K2 = \2 ).

    Snfrk pnrmkhtbbh khvnstbsk cbrk Anyhns mnhinjbsabh gbewb khvnstbsk mnrupbabh

    gbokbh cbrk afhsnp mbrokhbj Nddklknhly fd Lbpktbj (MNL). MNL ckcndkhkskabh sngbobk

    tkhoabt pnhcbpbtbh gnrske ybho ckebrbpabh ckpnrfjne cbrk tbmgbebh pnhonjubrbh

    khvnstbsk. Wnasfprbykthf (70009245), mnhcndkhkskabh MNL sngbobk tkhoabt cksafhtf

    ybho mnhybmbabh hkjbk snabrbho sngube prfyna khvnstbsk cnhobh gnsbrhyb mfcbj ybhockpnrjuabh uhtua cktbhbm cbjbm prfyna khvnstbsk tnrsngut.

    Duhosk pnrmkhtbbh khvnstbsk bornobt snlbrb orbdks cbpbt ckobmgbrabh sngbobk

    gnrkaut 9

    Obmgbr 7.

    Euguhobh Khvnstbsk Cnhobh Skhoabt Guhob

    Cnhobh hkjbk MNL tnrtnhtu, gkjb suau guhob turuh cbrk r2 an r7,

    pnrmkhtbbh khvnstbsk babh hbka cbrk K2 an K7. \nmnhtbrb ktu pnrugbebh gkjbk MNL

    babh mnhoonsnr aurvb pnrmkhtbbh khvnstbsk (\uakrhf, 700

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    12/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 5

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    KT. MNSFCFJFOK PNHNJKSKBH

    3.2. Inhks PnhnjktkbhInhks pnhnjktkbh khk bcbjbe pnhnjktkbh bsfskbtkd. \uokyfhf (7005922) mnhinjbsabh

    gbewb Pnhnjktkbh ybho ckjbauabh cnhobh tuiubh uhtua mnhontbeuk euguhobh bhtbrb 7

    vbrkbgnj btbu jngke.

    3.7. Inhks Cbtb

    Cbjbm pnhnjktkbh khk inhks cbtb ckouhbabh ybktu cbtb Aubhtktbtkd, bcbjbe cbtb

    ybho ckpnrfjne cbjbm gnhtua bhoab-bhoab ybktu cbtb khvnstbsk, cbh pnrtumguebh

    nafhfmk Abgupbtnh \umgbwb Gbrbt tbeuh 700> sbmpbk 7027.

    3..

    Cndkhksk Fpnrbskfhbj Tbrkbgnj2) Khvnstbsk bcbjbe rnbjksbsk snjurue khvnstbsk snatfr khcustrk ck Abgupbtnh \umgbwb

    Gbrbt snjbmb tbeuh 700>-7027 (cbjbm sbtubh rupkbe).

    7) Pnrtumguebh nafhfmk bcbjbe Prfcua Cfmnstka Wnokfhbj Grutf Abgupbtnh

    \umgbwb Gbrbt snjbmb tbeuh 700>-7027 ybho ckuaur cnhobh ebrob afhstbh.

    3.4. Prfsncur Bhbjksks Cbtb\nsubk cnhobh tuiubh pnhnjktkbh khk, mbab bjbt bhbjksks ybho babh ckouhbabh

    bcbjbe rnornsk jkhknr sncnrebhb, abrnhb pbcb pnhnjktkbh khk ebhyb tnrcbpbt sbtu vbrkbgnj

    gngbs (khcnpnhcnht) ybktu khvnstbsk. Bhbjksks khk ckouhbabh uhtua mnhoobmgbrabh

    pnhobrue bhtbrb subtu vbrkbgnj tnrkabt cnhobh gngnrbpb vbrkbgnj gngbs. ^ik arktnrkb

    stbtkstka mnhoouhbabh mfcnj rnornsk jkhnbr sncnrebhb, cnhobh dfrmujbsk (Ouibrbtk,

    700

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    13/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 ;

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Pnhouikbh bhbjksks rnornsk cbjbm pnhnjktkbh khk mnjkputk uik lrktnrkb ansnsubkbh

    tnfrktka, uik ckbohfstka ybktu uik t-stbtkstka, uik d-stbtkstka khtnrprntbsk afndksknh

    cntnrmkhbsk (W7), cbh uik bsumsk ajbska ybktu uik hfrmbjktbs, uik mujtkafjkhnbrktbs, uik

    entnrfancbstksktbs cbh uik butfafrnjbsk.

    T. PNMGBEB\BH CBH BHBJK\K\

    >.2. Cnsarkpsk Cbtb

    Pnrtumguebh Nafhfmk subtu cbnrbe cbpbt ckjkebt mnjbjuk Prfcua Cfmknstka

    Wnokfhbj Grutf (PCWG) \ubtu cbnrbe. Bcbpuh PCWG abgupbtnh \umgbwb Gbrbt sniba

    tbeuh 700>7027 ybho ckuaur cnhobh ebrob afhstbh cbpbt ckjkebt pbcb tbgnj cbh orbdka

    gnrkaut9

    Sbgnj 2.

    PCWG Abgupbtnh \umgbwb Gbrbt Sbeuh 700>-7027

    Sbeuh Prfcult Cfmnstka Wnokfhbj Grutf (PCWG) A\G

    700> .00;.240

    7022 357.?05.;70

    7027 >27.7027

    Pbcb tbgnj cbh orbdka ckbtbs cbpbt ckjkebt gbewb PCWG Abgupbtnh \umgbwb

    Gbrbt sniba tbeuh 700> tnrus mnhkhoabt sbmpbk tbeuh 7027, ckmbhb pbcb tbeuh 700>

    PCWG Abgupbtnh \umgbwb Gbrbt bcbjbe 27.

    Sbeuh7004

    Sbeuh700?

    Sbeuh7005

    Sbeuh700;

    Sbeuh7020

    Sbeuh7022

    Sbeuh7027

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    14/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 20

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    \umgbwb Gbrbt rbtb rbtb 73.>-7027 (cbjbm sbtubh rupkbe). Bcbpbuh cbtb mnhonhbk

    khvnstbsk ck Abgupbtnh \umgbwb Gbrbt snpnrtk ybho tnrjkebt pbcb tbgnj gnrkaut9

    Sbgnj 7.

    Khvnstbsk ck Abgupbtnh \umgbwb Gbrbt Sbeuh 700>-7027

    Sbeuh Iumjbe Cbhb Khvnstbsk

    700> ;.737.?5;.;70

    700? 20..000

    7020 ?>.00.000

    7022 2;4.745.>00.000

    7027 2;?.5?2.03>.000

    \umgnr9 GBPPNCB \umgbwb Gbrbt

    \umgnr9 GBPPNCB \umgbwb Gbrbt

    Obmgbr 3.

    Orbdka Khvnstbsk A\G Sbeuh 700> - 7027

    Pbcb tbgnj ckbtbs cbpbt ckjkebt gbewb iumjbe cbhb khvnstbsk ybho pbjkho anlkj

    bcbjbe pbcb tbeuh 7005 ybktu sngnsbr 5.503.700,000,000,000

    200,000,000,000

    2>0,000,000,000

    700,000,000,000

    7>0,000,000,000

    Sbeuh

    700>

    Sbeuh

    7004

    Sbeuh

    700?

    Sbeuh

    7005

    Sbeuh

    700;

    Sbeuh

    7020

    Sbeuh

    7022

    Sbeuh

    7027

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    15/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 22

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    tkcba tnrguatkhyb tucuebh tnrsngut, iumjbe khvnstbsk ck Abgupbtnh \umgbwb Gbrbt tnrus

    mnhkhoabt cbh pbjkho tkhook bcbjbe pbcb tbeuh 7027 ybktu sngnsbr 2;?.5?2.03>.000.

    >.7. Ebskj Bhbjksks Cbtb

    \ngbobkmbhb pnhinjbsbh sngnjumhyb gbewb bjbt bhbjksks ybho ckouhbabh cbjbmpnhnjktkbh khk bcbjbe rnornsk jkhknr sncnrebhb. Bcbpuh pnrsbmbbh rnornsk jkhnbr

    sncnrebhb cbrk pnhnjktkbh khk bcbjbe sngbobk gnrkaut

    [= 7% = 0.0>

    - cd = ha = 5 -7 = 4. Mbab t tbgnj 9 2,;332, ybho gnrbrtk gbewb >3,2% pnhkhoabtbh

    PCWG ck Abgupbtnh \umgbwb gbrbt ckpnhobruek fjne khvnstbsk. \ncbhoabh sksbhyb

    ybktu 3>,;% ckpnhobruek fjne dbatfr jbkh snjbkh khvnstbsk.

    >.7.? cbh

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    16/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 27

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    hkjbk t tbgnj 2,;3%

    (0.0>) ckantbeuk gbewb hkjbk t ektuho vbrkbgnj khcnpnhcnht khvnstbsk bcbjbe 4 cbh t

    tbgnjhyb 7.02>0. snekhoob t ektuho 8 t tbgnj ybho gnrbrtk vbrkbgnj khcnpnhcnht khvnstbsk

    mnmkjkak pnhobrue skohkdkabh tnrebcbp pnrtumguebh nafhfmk ck Abgupbtnh \umgbwb

    Gbrbt. Cnhobh cnmkakbh ekpftnsks gbewb khvnstbsk pnrpnhobrue pfsktkd cbh skohkdkabh

    tnrebcbp pnrtumguebh nafhfmk abgupbtnh \umgbwb Gbrbt tbeuh 700>7027 cktnrkmb.

    4.7. \brbh

    Ckantbeuk gbewb khvnstbsk mnrupbabh dbatfr ybho mnmpnhobruek pnrtumguebhnafhfmk ck abgupbtnh \umgbwb Gbrbt, fjne abrnhb ktu Pnmnrkhtbe abgupbtnh \umgbwb

    Gbrbt ebrus mnrbhlbho afhcksk cbh angkibabh bobr snmbakh gbhyba khvnstfr ybho mbuh

    gnrkhvnstbsk ck Abgupbtnh \umgbwb Gbrbt, gbka ktu khvnstfr jfabj mbupuh khvnstfr

    bskho.

    CBDSBW P^\SBAB

    Brkauhtf, \uebrskmk.7020.Mbhbinmnh Pnhnjktkbh.Wkhnab Lkptb, Ibabrtb.

    Gbsrk, Dbksbj. 7007.Pnrnafhfmkbh Khcfhnskb. Nrjbhoob, Ibabrtb.

    Cumbkry. 2;;4.Pnrnafhfmkbh Khcfhnskb. Pnhnrgkt Nrjbhoob, Ibabrtb.

    Ouibrbtk, Cbmfcbr. 700. nprkht.bj.bl.kc.

    Ebrkybhtf, & Bck, Prkyf Ebrk. 700>.Pnrtumguebh Nafhfmk. GPDN, [foybabrtb.

    Khsuakhcrf, Mbrybtmf, Bjkmbh. 7002. Nafhfmntrkab Cbsbr cbh Pnhyusuhbh Khckabtfr

    ^hooujbh Nafhfmk,Mfcuj Snfrk Pnjbtkebh Nafhfmntrkab. [foybabrtb.

    Iekhobh, M.J. 7003.Nafhfmk Pnmgbhouhbh cbh Pnrnhlbhbbh. PS. Wbib OrbdkhcfPnrsbcb, Ibabrtb.

    Cbab Dnrjys, Mntrkh. 7022. Pnhobrue Khvnstbsk Snrebcbp Pnrtumguebh Nafhfmk,

    Snhbob Anrib, Cbh Pnhcbpbtbh Pnrabpktb Ck Ibwb Skmur.

    ettp9//nprkhts.uphibtkm.bl.kc/2;>?/.

    \ktfmpuj, Hfvktb Jkhcb. 7020. Bhbjksks Pnhobrue Khvnstbsk Cbh Snhbob Anrib

    Snrebcbp PCWG \umbtnrb ^tbrb.

    ettps9//www.rnsnbrleobtn.hnt/snbrle.\nbrlePugjklbtkfhs.etmj6qunry=pnhobru

    e%70khvnstbsk%70tec%70pnrtumguebh%70nafhfmk&pbon=7

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    17/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 2.Pnhobrue Khvnstbsk (Pnmgnhtuabh Mfcbj Sntbp Grutf) Cbh

    Snhbob Anrib Snrebcbp Prfcua Cfmnstka Wnokfhbj Grutf (Pcrg) Ck Prfpkhsk

    Ibwb Skmur Sbeuh 2;;0-7003.ettps9//www.rnsnbrleobtn.hnt/snbrle.\nbrle.etmj6qunry=pnhobrue+khvnstbsk+tec+pnrtumguebh+nafhfmk

    Wnasfprbykthf, \fnckyfhf. 7000. Nafhfmk Mbarf (Pnhobhtbr Bhbjksks Pnhcbpbtbh

    Hbskfhbj),Ncksk Anjkmb Lntbabh Ancub.Jkgnrty, [foybabrtb.

    \uokyfhf. 7005.Mntfcn Pnhnjktkbh Gkshks. Bjdbgntb, Gbhcuho.

    \uakrhf, \bcfhf, 700

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    18/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 23

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    PNHOBW^E GNJBHIB CBNWBE SNWEBCBP

    PNWS^MG^EBH NAFHFMK ABG^PBSNH \^MGB_B GBWBS

    SBE^H 700?-7022

    Fjne9Cngy

    BG\SWBA

    Pnrtumguebh nafhfmk mnrupbabh ebj pnhtkho ck cbjbm anekcupbh pnrnafhfmkbh. Jbiu

    pnrtumguebh nafhfmk cktbhcbk cnhobh jbiu anhbkabh prfcua pnr abpktb ybho tkhook.

    Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) mnrupbabh cbtb stbtkstka ybho mnrbhoaum

    pnrfjnebh hkjbk tbmgbe cbrk snjurue anokbtbh nafhfmk ck subtu wkjbybe.Prfcua

    Cfmnstka Wnokfhbj Grutf (PCWG) ckektuho cnhobh cub lbrb, ybktu btbs cbsbr ebrob

    gnrjbau cbh btbs cbsbr ebrob afhstbh. Pnrtumguebh nafhfmk mnrupbabh sbjbe sbtulkrk pfafa cbjbm prfsns pnmgbhouhbh, ebj khk gnreuguhobh cnhobh anhybtbbh bcbhyb

    pnrtbmgbebh pnhcucua. Gnrtbmgbehyb pnhcucua cnhobh snhckrkhyb mnhbmgbe

    angutuebh babh pbhobh, sbhcbho, pnmuakmbh, pnhckckabh, cbh pnjbybhbh ansnebtbh,

    pnrtumguebh nafhfmk subtu mbsybrbabt ckpnhobruek fjne baumujbsk mfcbj ybho

    mnhlbaup snmub khvnstbsk gbru ybho gnrwuiuc tbhbe (jbebh), pnrbjbtbh dkska, cbh

    snmub sumgnr cbyb mbhuskb, pnrtumguebh pnhcucua cbh bhoabtbh anrib, anmbiubh

    tnahfjfok. Pnhnjktkbh khk ckjbasbhbabh ck Abgupbtnh \umgbwb Gbrbt, cnhobh

    pnhcnabtbh bsfskbtkd ybho ckjbauabh cnhobh tuiubh uhtua mnhontbeuk euguhobh bhtbrb

    7 vbrkbgnj btbu jngke, inhks cbtb ckouhbabh ybktu cbtb Aubhtktbtkd, bcbjbe cbtb ybho

    ckpnrfjne cbjbm gnhtua bhoab-bhoab. Cbjbm pnhnjktkbh khk pnhujks khokh mnhobhbjksks

    pnhobrue gnjbhib mfcbj tnrebcbp pnrtumguebh nafhfmk Abgupbtnh \umgbwb Gbrbttbeuh 700? sbmpbk 7022. Pnrtumguebh nafhfmk ybho tkhook ckpnrjuabh ouhb

    mnmpnrlnpbt pnrugbebh struatur pnrnafhfmkbh cbnrbe mnhuiu pnrnafhfmkbh ybho

    gnrkmgbho cbh ckhbmks ybho gnrlkrkabh khcustrk ybho aubt cbh mbiu, pnrtbhkbh ybho

    tbhooue snrtb mnmkjkak gbsks pnrtumguebh snatfrbj ybho snkmgbho.

    Abtb Auhlk9 Pnrtumguebh Nafhfmk, Gnjbhib Cbnrbe, Pnmgbhouhbh.

    K. PNHCBE^J^BH

    2.2. Jbtbr Gnjbabho

    Pnmgbhouhbh bcbjbe prfsns mujtkckmnhskfhbj ybho mnhlbaup gnrgbobk

    pnrugbebh mnhcbsbr btbs struatur sfskbj, skabp-skabp mbsybrbabt, cbh khstktusk-khstktusk

    hbskfhbj, ck sbmpkho tntbp mnhonibr basnjnrbsk pnrtumguebh nafhfmk, pnhbhobhbh

    antkmpbhobh pnhcbpbtbh, snrtb pnhonhtbsbh anmksakhbh. Pbcb ebanabthyb,

    pnmgbhouhbh ebrus mnhlnrmkhabh pnrugbebh tftbj subtu mbsybrbabt btbu pnhynsubkbh

    skstnm sfskbj snlbrb ansnjuruebh tbhpb mnhobgbkabh anrbobmbh angutuebh cbsbr cbh

    ankhokhbh khckvkcubj mbupuh anjfmpfa-anjfmpfa sfskbj ybho bcb ck cbjbmhyb, uhtua

    gnronrba mbiu mnhuiu subtu afhcksk anekcupbh ybho snrgb jngke gbka snlbrb mbtnrkbj

    mbupuh spkrktubj.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    19/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 2>

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Mnjkebt pnranmgbhobh anokbtbh pnmnrkhtbe cbrk tbeuh an tbeuh, tnrjkebt gbewb

    pnrbhbh pnmnrkhtbe tnrus mnhkhoabt ebmpkr ck snobjb mblbm skstnm pnrnafhfmkbh.

    \nmbakh mnhkhoabthyb pnrbhbh pnmnrkhtbe cbpbt ckjkebt cbrk snmbakh gnsbrhyb

    pnhonjubrbh pnmnrkhtbe. Pnhonjubrbh pnmnrkhtbe/BPGC (Bhoobrbh Pnhcbpbtbh cbh

    Gnjbhib Cbnrbe) cbjbm brtk rkkj cbpbt ckpbabk sngbobk khckabtfr gnsbrhyb anokbtbhpnmnrkhtbe ybho ckgkbybk fjne pnhonjubrbh pnmnrkhtbe ktu. Hbmuh cnmkakbh, cbjbm

    pnmgbhouhbh nafhfmk ckpnrjuabh khtnrvnhsk Pnmnrkhtbe. Mnhurut Anyhns (2;

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    20/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 24

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Cfmnstka Wnokfhbj Grutf (PCWG) uhtua cbnrbe. Cbjbm ebj khk pnrnafhfmkbh

    ckabtbabh tumgue cbh gnranmgbho gkjb bcb pnrtumguebh futputPnrtumguebh nafhfmk

    cbnrbe khk ckjbauabh cnhobh gnrgbobk lbrb. \bjbe sbtuhyb bcbjbe pnmgbhouhbh sbrbhb

    cbh prbsbrbhb ybho cbpbt mnhuhibho anokbtbh nafhfmk ybho pbcb baekrhyb

    mnmgnrkabh pnhkhoabtbh futput pbcb cbnrbe \umgbwb Gbrbt. Gnjbhib pnmnrkhtbe khkcbpbt mnhlnrmkhabh angkibabh pnmnrkhtbe. Bpbgkjb pnmnrkhtbe tnjbe mnhntbpabh subtu

    angkibabh uhtua mnmgnjk gbrbho cbh ibsb, gnjbhib pnmnrkhtbe mnhlnrmkhabh gkbyb

    ybho ebrus ckanjubrabh uhtua mnjbasbhbabh angkibabh tnrsngut.

    \bjbe sbtu upbyb cbnrbe Abgupbtnh \umgbwb Gbrbt cbjbm upbyb mnhkhoabtabh

    pnmgbhouhbh cbnrbe cbh pnrtumguebh nafhfmk cbnrbe bcbjbe cnhobh mnhkhoabtabh

    gnjbhib-gnjbhib pbcb snatfr-snatfr pnmgbhouhbh. Gnjbhib khk cbpbt tnrlnrmkh cbrk

    gnjbhib mfcbj mnjbjuk Bhoobrbh Pnhcbpbtbh cbh Gnjbhib Cbnrbe Abgupbtnh \umgbwb

    Gbrbt. Cnhobh pnhkhoabtbh gnjbhib mfcbj khk, mbab ckebrbpabh cbpbt gnrpnhobrue

    tnrebcbp pnrtumguebh nafhfmk. Gnjbhib tnrsngut ckouhbabh uhtua mnmgnrcbybabh

    gnrgbobk sumgnr nafhfmk uhtua mnhcfrfho pnmnrbtbbh cbh pnhkhoabtbh pnhcbpbtbh

    pnr abpktb. Gnjbhib mfcbj iuob mnrupbabh sbjbe sbtu khput prfcuask ybho mnhoebskjabhfutput.

    Gnrcbsbrabh ybho ckanmuababh ckbtbs, pnhujks tnrtbrka uhtua mnhoabik jngke

    mnhcbjbm pnrmbsbjbebh ybho gnrabktbh cnhobh pnrtumguebh nafhfmk aeusushyb

    gnjbhib mfcbj Abgupbtnh \umgbwb Gbrbt snjbmb tbeuh 700? sbmpbk tbeuh 7022.

    Bcbpuh iucuj pnhnjktkbh khk bcbjbe Pnhobrue Gnjbhib Mfcbj Snrebcbp Pnrtumguebh

    Nafhfmk Abgupbtnh \umgbwb Gbrbt tbeuh 700?-7022.

    2.7. Suiubh PnhnjktkbhSuiubh ckjbauabhhyb pnhnjktkbh khk bcbjbe uhtua mnhobhbjksks pnhobrue gnjbhib

    mfcbj tnrebcbp pnrtumguebh nafhfmk Abgupbtnh \umgbwb Gbrbt tbeuh 700?-7022.

    KK. SKHIB^BH P^\SBAB

    7.2. Pnhnjktkbh \ngnjumhyb2. Wksuenhck (7027) mnjbauabh pnhnjktkbh tnhtbho Pnhobrue Cnsnhtrbjksbsk Dksabj

    Cbh Gnjbhib Mfcbj Snrebcbp Pnrtumguebh Nafhfmk Abgupbtnh/Aftb Ck

    \umbtnrb ^tbrb.Suiubh pnhnjktkbh khk ckjbauabh bcbjbe uhtua mnhontbeuk bpbabe

    Cnsnhtrbjksbsk Dksabj cbh Gnjbhib Mfcbj gnrpnhobrue skohkdkabh tnrebcbp

    Pnrtumguebh Nafhfmk pbcb Abgupbtnh/Aftb ck Prfvkhsk \umbtnrb ^tbrb. Mntfcn

    bhbjksks ybho ckouhbabh cbjbm pnhnjktkbh khk bcbjbe mntfcn aubhtktbtkd, cnhobh

    pnhouikbh rnornsk gnrobhcb cnhobh mnjbauabh uik bsumsk ajbska sngnjum

    mnhcbpbtabh mfcnj pnhnjktkbh ybho tnrgbka. Tbrkbgnj khcnpnhcnh pbcb pnhnjktkbh

    khk bcbjbe Cnsnhtrbjksbsk Dksabj cbh Gnjbhib Mfcbj sncbhoabh vbrkbgnj cnpnhcnh

    bcbjbe Pnrtumguebh Nafhfmk. Iumjbe pfpujbsk pnhnjktkbh khk sngbhyba Abgupbtnh/Aftb sngbobk sbmpnj cbrk tbeuh 7004 sbmpbk cnhobh

    tbeuh 7020. Ebskj pnhnjktkbh mnhuhiuaabh gbewb snlbrb skmujtbh cnsnhtrbjksbsk

    dksabj cbh gnjbhib mfcbj gnrpnhobrue skohkdkabh tnrebcbp pnrtumguebh nafhfmk

    Abgupbtnh/Aftb ck Prfvkhsk \umbtnrb ^tbrb. \nlbrb pbrskbj cnsnhtrbjksbsk dksabj

    gnrpnhobrue skohkdkabh tnrebcbp pnrtumguebh nafhfmk Abgupbtnh/Aftb ck

    Prfvkhsk \umbtnrb ^tbrb, sncbhoabh gnjbhib mfcbj tkcba gnrpnhobrue skohkdkabh

    tnrebcbp pnrtumguebh nafhfmk Abgupbtnh/Aftb ck Prfvkhsk \umbtnrb.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    21/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 2?

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    7. Dbibr Huorfef (7027) mnjbauabh pnhnjktkbh tnhtbho Pnhobrue Gnjbhib Mfcbj

    Snrebcbp Pnrtumguebh Akhnrib Anubhobh Cbnrbe Cnhobh Pnhcbpbtbh Bsjk

    Cbnrbe \ngbobk Tbrkbgnj Khtnrvnhkho (\tuck Absus ck Prfpkhsk Ibwb Snhobe)

    Pnhnjktkbh khk gnrtuiubh uhtua mnhobhbjksb pnhobrue Gnjbhib Mfcbj tnrebcbp

    Pnrtumguebh Akhnrib Anubhobh Cbnrbe mnjbjuk Pnhcbpbtbh Bsjk Cbnbrbe sngbobkvbrkbgnj khtnrvnhkho. Pnhnjktkbh khk mnhoblu pbcb pnhnjktkbh sngnjumhyb ybho

    ckjbauabh fjne Bseb Djfrkcb (700?). Fgina cbrk pnhnjktkbh khk bcbjbe snjurue

    Abgupbtnh cbh Aftb ybho bcb ck Prfvkhsk Ibwb Snhobe. Pnhnjktkbh khk ckjbauabh

    cnhobh mntfcn cfaumnhtbsk. Cbtb ybho ckouhbabh bcbjbe cbtb snauhcnr, ybho

    gnrsumgnr cbrk Jbpfrbh rnbjksbsk Bhoobrbh Pnhcbpbtbh cbh Gnjbhib Cbnrbe

    (BPGC) Abgupbtnh cbh Aftb ck Ibwb Snhobe cbrk tbeuh 7005 ekhoob tbeuh 7020.

    Ebskj cbrk pnhnjktkbh khk mnhuhiuaabh gbewb Gnjbhib Mfcbj gnrpnhobrue hnobtkd

    tnrebcbp pnrtumguebh akhnrib anubhobh cbnrbe snlbrb jbhosuho, sncbhoabh snlbrb

    tkcba jbhosuho Gnjbhib Mfcbj gnrpnhobrue pfsktkd tnrebcbp Pnrtumguebh Akhnrib

    Anubhobh mnjbjuk Pnhcbpbtbh Bsjk cbnrbe sngbobk vbrkbgnj khtnrvnhkho.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 25

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Hbmuh cnmkakbh pnrtumguebh nafhfmk mnrupbabh sbjbe sbtu lkrk pfafa cbjbm

    prfsns pnmgbhouhbh, ebj khk gnreuguhobh cnhobh anhybtbbh bcbhyb pnrtbmgbebh

    pnhcucua. Gnrtbmgbehyb pnhcucua cnhobh snhckrkhyb mnhbmgbe angutuebh babh

    pbhobh, sbhcbho, pnmuakmbh, pnhckckabh, cbh pnjbybhbh ansnebtbh (Cififebckausumf,

    2;;39?). Pbhcbhobh khk mnhobrtkabh gbewb

    sbmpbk ck mbhb pnrnafhfmkbh babh gnranmgbho tnrobhtuho pbcb pnhbmgbebh

    pnhcucua, baumujbsk abpktbj, cbh anmbiubh tnahfjfok. Sfcbrf (2;;?920>) mnhybtbabh

    gbewb pnrtumguebh nafhfmk subtu mbsybrbabt ckpnhobruek fjne9 (2) baumujbsk mfcbj

    ybho mnhlbaup snmub khvnstbsk gbru ybho gnrwuiuc tbhbe (jbebh), pnrbjbtbh dkska, cbh

    snmub sumgnr cbyb mbhuskb1 (7) pnrtumguebh pnhcucua cbh bhoabtbh anrib1 (

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    23/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 2;

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    obik, snwb tbhbe, guhob mfcbj, cbh anuhtuhobh. Cbjbm pnhonrtkbh PCWG tnrmbsua

    pujb pnhyusutbh gbrbho mfcbj tntbp cbh pbiba jbhosuho hntf.

    l. Pnhcnabtbh Gnjbhib

    Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) bcbjbe iumjbe snmub gnjbhib uhtua

    afhsumsk rumbe tbhoob cbh jnmgbob swbstb ybho tkcba mnhlbrk uhtuho, afhsumskpnmnrkhtbe, pnmgnhtuabh mfcbj tntbp cfmnstka grutf, pnrugbebh stfa, cbh naspfr

    hntf ck subtu wkjbybe pbcb subtu pnrkfcn (naspfr hntf mnrupbabh naspfr ckaurbho

    kmpfr).

    Cbtb Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) bcbjbe sbjbe sbtu khckabtfr

    nafhfmk mbarf ybho cbpbt mnhuhiuabh afhcksk pnrnafhfmkbh cbnrbe sntkbp tbeuh.

    PCWG cbpbt ckmbhdbbtabh sngbobk9

    b. Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) btbs cbsbr ebrob gnrjbau hfmkhbj

    mnhuhiuaabh anmbmpubh sumgnr cbyb nafhfmk ybho ckebskjabh fjne subtu wkjbybe.

    Hkjbk Prfcua Wnokfhbj Grutf (PCWG) ybho gnsbr mnhuhiuabh anmbmpubh sumgnr

    cbyb nafhfmk ybho gnsbr.

    g.Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) ebrob gnrjbau mnhuhiuaabh pnhcbpbtbhybho mnmuhoakhabh cbpbt ckhkambtk fjne pnhcucua subtu cbnrbe.

    l. Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) btbs cbsbr ebrob afhstbh (rkkj) cbpbt

    ckouhbabh uhtua mnhuhiuaabh jbiu pnrtumguebh nafhfmk snlbrb ansnjuruebh

    mbupuh snatfrbj cbrk tbeuh an tbeuh.

    c.Ckstrkgusk Cfmnstka Prfcua Wnokfhbj Grutf (PCWG) btbs cbsbr ebrob gnrjbau

    mnhurut snatfr mnhuhiuaabh struatur pnrnafhfmkbh ybho mnhoobmgbrabh pnrbhbh

    snatfr nafhfmk cbjbm subtu wkjbybe. \natfr-snatfr nafhfmk ybho mnmpuhybk pnrbh

    ybho gnsbr mnhuhiuaabh gbsks pnrnafhfmkbh ybho mnhcfmkhbsk pnrnafhfmkbh

    wkjbybe tnrsngut.

    n. Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) pnrabpktb btbs cbsbr ebrob gnrjbau

    mnhuhiuaabh hkjbk Prfcua Wnokfhbj Grutf (PCWG) pnr anpbjb btbu pnr sbtu frbhopnhcucua.

    d. Prfcua Cfmnstka Wnokfhbj Grutf (PCWG) pnrabpktb btbs cbsbr ebrob afhstbh

    gnrouhb uhtua mnhontbeuk pnrtumguebh hybtb nafhfmk pnrabpktb.

    7.7.7. Afhsnp Gnjbhib Cbnrbe (Gnjbhib Mfcbj)

    Gnjbhib cbnrbe mnhurut Anpmnhcbork Hfmfr 7; Sbeuh 7007 bcbjbe snmub

    pnhonjubrbh abs cbnrbe cbjbm pnrkfcn tbeuh bhoobrbh tnrtnhtu ybho mnhibck gngbh

    cbnrbe. Mnhurut ^hcbho-uhcbho Hfmfr. 7< Sbeuh 7007, gnjbhib cbnrbe bcbjbe

    anwbikgbh pnmnrkhtbe cbnrbe ybho ckbauk sngbobk pnhourbho hkjbk anabybbh gnrske pbcb

    tbeuh bhoobrbh ybho gnrsbhoautbh. Gnjbhib cbnrbe (gbsks abs) bcbjbe snmub

    pnhonjubrbh fjne gnhcbebrb umum cbnrbe ybho mnhourbhok nauktbs cbh jbhlbr cbjbm

    pnrkfcn tbeuh bhoobrbh gnrsbhoautbh ybho tkcba babh ckpnrfjne pnmgbybrbhhyb

    anmgbjk fjne pnmnrkhtbe. Gnjbhib cbnrbe (gbsks barubj) bcbjbe anwbikgbh pnmnrkhtbe

    ybho ckbauk sngbobk pnhourbho hkjbk anabybbh gnrske. Ebjkm (700?9 205) mnhybtbabh

    gbewb gnjbhib cbnrbe bcbjbe snmub pnhonjubrbh abs cbnrbe btbu anwbikgbh ybho ckbauk

    sngbobk pnhourbho hkjbk anabybbh gnrske cbjbm pnrkfcn sbtu tbeuh bhoobrbh ybho tkcba

    babh ckpnrfjne pnmgbybrbhhyb anmgbjk fjne pnmnrkhtbe.

    Gnjbhib cbnrbe ckpnrouhbabh cbjbm rbhoab pnjbasbhbbh urusbh pnmnrkhtbe ybho

    mnhibck anwnhbhobh prfvkhsk btbu abgupbtnh/aftb ybho tnrckrk cbrk urusbh wbikg cbh

    urusbh pkjkebh ybho cktntbpabh gnrcbsbrabh pnrbturbh pnruhcbho-uhcbhobh. Gnjbhib

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 70

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    cbnrbe ckanjfmpfaabh an cbjbm gnjbhib tkcba jbhosuho cbh gnjbhib jbhosuho. Gnjbhib

    tkcba jbhosuho mnrupbabh gnjbhib ybho ckbhoobrabh tkcba tnrabkt snlbrb jbhosuho

    cnhobh pnjbasbhbbh prforbm anokbtbh. \nmnhtbrb gnjbhib jbhosuho mnrupbabh gnjbhib

    ybho ckbhoobrabh tnrabkt snlbrb jbhosuho cnhobh pnjbasbhbbh prforbm cbh anokbtbh.

    Ck cbjbm antnhtubh umum ^hcbho-uhcbho Hfmfr. 2? tbeuh 700< pbcb pbsbj 2bybt 24 cksngutabh gbewb gnjbhib cbnrbe bcbjbe anwbikgbh pnmnrkhtbe cbnrbe sngbobk

    pnhourbho hkjbk anabybbh gnrske. \njbhiuthyb cbjbm Pnrbturbh Pnmnrkhtbe Hf. >5

    Sbeuh 700? pbsbj 70 bybt < mnhyngutabh gbewb gnjbhib cbnrbe sngbobkmbhb ckmbasuc

    pbcb bybt 2 eurud (b) mnjkputk snmub pnhonjubrbh cbrk rnanhkho abs umum cbnrbe ybho

    mnhourbhok nauktbs cbhb jbhlbr, ybho mnrupbabh anwbikgbh cbnrbe cbjbm sbtu tbeuh

    bhoobrbh ybho tkcba babh ckpnrfjne pnmgbybrbhhyb anmgbjk fjne cbnrbe.

    Pnrbturbh Mnhtnrk Cbjbm Hnonrk Hfmfr 2< Sbeuh 7004 tnhtbho Pncfmbh

    Pnhonjfjbbh Anubhobh Cbnrbe pbsbj >0 mnhinjbsabh gbewb Anjfmpfa gnjbhib

    jbhosuho cbrk subtu anokbtbh ckgbok mnhurut inhks gnjbhib ybho tnrckrk cbrk 9

    2. Gnjbhib Pnobwbk1

    Gnjbhib pnobwbk cbjbm pbsbj

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    25/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 72

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    KT. MNSFCNJFOK PNHNJKSKBH

    3.2. Inhks PnhnjktkbhInhks pnhnjktkbh khk bcbjbe pnhnjktkbh bsfskbtkd. \uokyfhf (7005922) mnhinjbsabh

    gbewb Pnhnjktkbh ybho ckjbauabh cnhobh tuiubh uhtua mnhontbeuk euguhobh bhtbrb 7vbrkbgnj btbu jngke.

    3.7. Inhks CbtbCbjbm pnhnjktkbh khk inhks cbtb ckouhbabh ybktu cbtb Aubhtktbtkd, bcbjbe cbtb

    ybho ckpnrfjne cbjbm gnhtua bhoab-bhoab ybktu cbtb gnjbhib mfcbj cbh pnrtumguebh

    nafhfmk Abgupbtnh \umgbwb Gbrbt tbeuh 700?-7022.

    3.. Cndkhksk Fpnrbskfhbj Tbrkbgnj2. Gnjbhib mfcbj (U2) bcbjbe rnbjksbsk gnjbhib cbnrbe ybho cktuiuabh uhtua gnjbhib

    tbhbe, gnjbhib pnrbjbtbh cbh mnskh, gnjbhib oncuho cbh gbhouhbh, gnjbhib ibjbh,krkobsk cbh ibrkhobh, gnjbhib bsnt tntbp cbh gnjbhib bsnt jbkhhyb ck Abgupbtnh

    \umgbwb Gbrbt snjbmb tbeuh 700?-7022 (cbjbm sbtubh rupkbe).

    7. Pnrtumguebh nafhfmk ([) bcbjbe pnrtumguebh nafhfmk Abgupbtnh \umgbwb

    Gbrbt snjbmb tbeuh 700?-7022 ybho ckuaur cnhobh ebrob afhstbh (cbjbm sbtubh

    pnrsnh).

    3.4. Prfsncur Bhbjksks CbtbBjbt bhbjksks ybho ckouhbabh cbjbm pnhnjktkbh khk bcbjbe rnornsk jkhknr

    sncnrebhb. Bhbjksks khk ckouhbabh uhtua mnhoobmgbrabh pnhobrue bhtbrb subtu vbrkbgnj

    tnrkabt cnhobh sbtu vbrkbgnj gngbs. Bcbpuh prfsncur bhbjkskshyb bcbjbe sngbobk gnrkaut 9

    2. ^ik Arktnrkb \tbtkstka (Dkrst Frcnr Snst).

    Pnhouikbh gnhtua khk ckmbasucabh uhtua tnrlbpbkhyb mbahb snlbrb stbtkstka cbrk

    pbrbmntnr pbcb mfcnj ybho ckbmbtk.

    7. ^ik \kohkdkabsk (^ik t-stbtkstka).

    ^ik khk cktuiuabh uhtua mnhouik ekpftnsks gbewb vbrkbgnj khcnpnhcnht (U)

    mnmpnhobruek vbrkbgnj cnpnhcnht ([) cnhobh bsumsk vbrkbgnj gngbs jbkhhyb

    afhstbh

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    26/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 77

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    T. EB\KJ BHBJK\K\ CBH PNMGBEB\BH

    >.2. Cnsarkpsk Cbtb pnhnjktkbhPnhnjktkbh khk mnhoouhbabh cub vbrkbgjn pnhnjktkbh, sbtu pbrkbgnj gngbs

    (khcnvnhcnht) cbh sbtu vbrkbgjn tnrkabt (cnvnhcnht). Tbrkbgjn gngbs cbjbm pnhnjktkbh khkbcbjbe Gnjbhib Mfcbj (x), sncbhoabh vbrkbgjn tnrkabt bcbjbe Pnrtumguebh Nafhfmk (y).

    gnrkaut khk ck sbikabh obmgbrbh umum cbtb vbrkbgnj pnhnjktkbh.

    Sbgnj .2

    Cnsarkpsk Cbtb cbh Tbrkbgnj Pnhnjktkbh

    Sbeuh Gnjbhib Mfcbj (Wp) Pnrtumguebh Nafhfmk (%)

    700?

    7005

    700;

    7020

    7022

    4>.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 7 cnhobh

    bsumsk vbrkbgnj jbkh sbmb cnhobh 0 (hfj) btbu ikab gnjbhib Mfcbj hbka Wp.

    2.000.000.000,- mbab babh mnhyngbgabh pnhuruhbh pnrtumguebh nafhfmk

    sngnsbr 0,0000024>%. Ebskj nstkmbsk g2 mnhuhiuabh gnsbrhyb ybho hnobtkd

    brtkhyb bpbgkjb sntkbp tnribck anhbkabh gnjbhib mfcbj babh gnrkmpjkabsk pbcbturuhhyb pnrtumguebh nafhfmk cnhobh bhoobpbh lntnrks pbrkgus.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 73

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    TK. AN\KMP^JBH CBH \BWBH

    4.2. Anskmpujbh2. Pnrtumguebh nafhfmk ybho tkhook ckpnrjuabh ouhb mnmpnrlnpbt pnrugbebh

    struatur pnrnafhfmkbh cbnrbe mnhuiu pnrnafhfmkbh ybho gnrkmgbho cbh

    ckhbmks ybho gnrlkrkabh khcustrk ybho aubt cbh mbiu, pnrtbhkbh ybho tbhoouesnrtb mnmkjkak gbsks pnrtumguebh snatfrbj ybho snkmgbho.

    7. Pnrtumguebh nafhfmk subtu mbsybrbabt ckpnhobruek fjne baumujbsk mfcbj ybho

    mnhlbaup snmub khvnstbsk gbru ybho gnrwuiuc tbhbe (jbebh), pnrbjbtbh dkska, cbh

    snmub sumgnr cbyb mbhuskb, pnrtumguebh pnhcucua cbh bhoabtbh anrib snrtb

    anmbiubh tnahfjfok.

    4.7. \brbh

    2. Bobr pnrnafhfmkbh cbpbt tumgue cbh gnranmgbho pnrtumguebh nafhfmk cbnrbe

    ckjbauabh cnhobh lbrb mnmgbhouh sbrbhb cbh prbsbrbhb ybho cbpbt mnhuhibho

    anokbtbh nafhfmk ybho pbcb baekrhyb mnmgnrkabh pnhkhoabtbh futput pbcb

    cbnrbe \umgbwb Gbrbt snrtb mnhkhoabtabh gnjbhib-gnjbhib pbcb snatfr-snatfrpnmgbhouhbh.

    7. Pnmnrkhtbe cksbrbhabh bobr bjfabsk sumgnr-sumgnr nafhfmk ckjbasbhbabh snlbrb

    ndksknh tnrutbmb cbjbm mnhynckbabh gbrbho cbh ibsb ybho pkeba swbstb tkcba

    cbpbt mnmprfcuaskhyb, mnjbjuk angkibasbhbbh dksabj mnhougbe anbcbbh

    mbsybrbabt snrtb mnmgubt angkibabh-angkibabh ybho gnrtuiubh uhtua

    mnhonhcbjkabh ofhlbhobh nafhfmk ybho gnrjngkebh.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 7>

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    CBDSBW P^\SBAB

    Brsybc, Jkhlfjkh. 2;;?. Nafhfmk Pnmgbhouhbh, Ncksk

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    30/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 74

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    BHBJK\K\ AKHNWIB AN^BHOBH

    PBCB ABHSFW AN\BS^BH GBHO\B CBH PFJKSKA CBJBM HNONWK

    ABG^PBSNH \^MGB_B GBWBS SBE^H 7027

    Fjne 9Gnhhy \bmunj

    BG\SWBA\K

    Pnhynrbpbh bhoobrbh ybho tkcba fptkmbj mnhuhiuaabh bcbhyb pnrmbsbjbebh cbjbm

    pnrnhlbhbbh, pnhonjfjbbh, cbh pnjbasbhbbh prforbm/anokbtbh cbjbm \APC,

    abrnhbhyb bcb gngnrbpb bspna ybho pnrju cknvbjubsk, bhtbrb jbkh, jnmbehyb

    pnrnhlbhbbh prforbm cbh anokbtbh, jnmbehyb affrckhbsk bhtbrb uhkt pnrnhlbhb cbh

    uhkt pnjbasbhb anokbtbh, cbh jnmbehyb pnjbasbhbbh anokbtbh. Pnhobjbmbh ybho tnribck

    snjbmb khk mnhuhiuaabh gbewb mbske gnjum fptkmbjhyb pnhonjfjbbh anubhobhpnmnrkhtbebh aeusushyb pbcb Abhtfr Ansbtubh Gbhosb Pfjktka Cbjbm Hnonrk

    Abgupbtnh \umgbwb Gbrbt snekhoob tnrjkebt mbske bcb bhtbrb bhoobrbh cbh rnbjksbsk

    ybho cklbpbk tkcba snsubk cnhobh ybho ckebrbpabh. Suiubh pnhnjktkbh khk bcbjbe uhtua

    mnhontbeuk akhnrib anubhobh pbcb Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk

    Abgupbtnh \umgbwb Gbrbt Sbeuh Bhoobrbh 7027. Inhks pnhnjktkbh ybho ckouhbabh

    gnrgnhtua cnsarkptkd aubhtktbtkd mnhonhbk pnhonjfjbbh anubhobh cbnrbe ybktu cnhobh

    mnhobhbjksks akhnrib anubhobh Pnmnrkhtbe Abgupbtnh \umgbwb Gbrbt aeusushyb

    Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk cnhobh mnhoouhbabh khckabtfr

    rbskf nafhfmk, ndnatkvktbs, cbh ndksknhsk cnhobh khckabtfr rnhlbhb bhoobrbh prforbm

    cbh anokbtbh, rnbjksbsk bhoobrbh, rnbjksbsk dkska cbjbm gnhtua lbpbkbh akhnrib

    bhoobrbh Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk pbcb Sbeuh Bhoobrbh7027. Cbtb ybho babh ckaumpujabh cbh ckbhbjksks cbjbm pnhnjktkbh khk bcbjbe cbtb

    snauhcnr gnrupb jbpfrbh pnrektuhobh bhoobrbh \APC ybho ckaumpujabh cbrk Abhtfr

    Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk Abgupbtnh \umgbwb Gbrbt. \njurue cbtb

    tnrsngut ckaumpujabh cnhobh mntfcn fgsnrvbsk hfh pnrkjbau ybktu ckjbauabh cnhobh

    mnhobmbtk snlbrb jbhosuho cfaumnh bhoobrbh ybho bcb. Cbrk ebskj pnhnjktkbh ybho

    ckjbauabh, akhnrib bhoobrbh pbcb Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk

    Abgupbtnh \umgbwb Gbrbt cbrk snok pnrektuhobh rbskf nafhfmk cbpbt ckabtnofrkabh

    nafhfmks abrnhb mnhlbpbk hkjbk rbtb-rbtb ;4,72%. \ncbhoabh cbrk rbskf ndksknhsk

    cbpbt ckabtnofrkabh aurbho ndksknh mnhlbpbk hkjbk rbtb-rbtb ;4,72%. Pnrektuhobh rbskf

    ndnatkdktbs mnhuhiuaabh gbewb rbskf anubhobh Abhtfr Ansbtubh Gbhosb cbh Pfjtka

    Cbjbm Hnonrk Abgupbtnh \umgbwb Gbrbt cbpbt ckabtnofrkabh ndnatkd abrnhb mnhlbpbk

    hkjbk rbtb-rbtb 200%.

    Abtb Auhlk9 Nafhfmks, Ndnatkd , Ndk sknh.

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 7?

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    K. PNHCBE^J^BH

    2.2. Jbtbr Gnjbabho_blbhb tnhtbhooffc ofvnrhbhln btbu anpnmnrkhtbebh ybho gbka mnrupbabh ksu

    ybho pbjkho mnhonmuab gnjbabhobh khk. Suhtutbh mbsybrbabt bobr pnhonjfjbbh hnobrb

    ckibjbhabh snlbrb bmbhbe cbh gnrtbhoouho ibwbg snibjbh cnhobh ankhokhbh ojfgbjmbsybrbabt khtnrhbskfhbj sbbt khk. \bjbe sbtu pnrwuiucbh offc ofvnrhbhln, pnmnrkhtbe

    cktuhtut uhtua mnhkhoabtabh bauhtbgkjktbshyb. Cbjbm rbhoab mnhkhoabtabh

    bauhtbgkjktbshyb, pnmnrkhtbe tnjbe mnhonjubrabh gngnrbpb pnrbturbh cbh

    pnruhcbhouhcbhobh. _bjbupuh tnjbe gbhyba pnrbturbh cbh pnruhcbho-uhcbhobh ybho

    tnjbe ckgubt gnrabktbh cnhobh bauhtbgkjktbs, hbmuh bauhtbgkjktbs pnmnrkhtbe mbske

    gnjum mnhuhiuaabh pnrgbkabh ybho skohkdkabh.

    Bhoobrbh Pnhcbpbtbh cbh Gnjbhib Hnobrb (BPGH), ybho cbjbm pnmgbebsbh

    gnrgbobk jktnrbtur snrkho cksngut bhoobrbh hnobrb btbu bhoobrbh snatfr pugjka, cbjbm

    pnranmgbhobhhyb tnjbe mnhibck khstrumnh angkibabh mujkduhosk ybho ckouhbabh

    sngbobk bjbt uhtua mnhlbpbk tuiubh gnrhnobrb. Ebj tnrsngut tnrutbmb tnrjkebt cbrk

    afmpfsksk cbh gnsbrhyb bhoobrbh ybho snlbrb jbhosuho mnrndjnaskabh brbe cbh tuiubhpnjbybhbh anpbcb mbsybrbabt ybho ckebrbpabh (Pusckajbtwbs GPAP, 700?).

    Dbatb snlbrb hbskfhbj tnrsngut mnhibck sbjbe sbtu cbsbr antnrtbrkabh pnhujks

    uhtua mnhobhbjksks snlbrb aeusus bhoobrbh cbh rnbjksbsk anokbtbh anubhobh cnhobh

    mnhoouhbabh rbskf nafhfmk, rbskf ndnatkvktbs, cbh rbskf ndksknhsk pbcb Abhtfr Ansbtubh

    Gbhosb cbh Pfjktka Cbjbm Hnonrk Abgupbtnh \umgbwb Gbrbt, gbewb akhnrib bhoobrbh

    pnmnrkhtbe cbnrbe snjbju ckabktabh cnhobh gbobkmbhb sngube uhkt anrib pnmnrkhtbe

    cbnrbe cbpbt mnhlbpbk tuiubh anrib cnhobh bjfabsk bhoobrbh ybho tnrsnckb. Abhtfr

    Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk ybho mnrupbabh sbtubh frobhksbsk cbrk

    Abgupbtnh \umgbwb Gbrbt cnhobh tuobs pfafa mnjbasbhbabh pnhyusuhbh cbh

    pnjbasbhbbh angkibabh cbnrbe ck gkcbho ansbtubh gbhosb, pfjktka cbh pfjktka cbjbm

    hnonrk. Cnhobh tbhoouho ibwbg pfafa sngbobkmbhb khstbhsk pnmnrkhtbe jbkhhyb ybktumnhlkptbabh pnjbybhbh ybho mnmbcbk cbh snsubk cnhobh angutuebh mbsybrbabt ybho

    mnhlbaup duhosk pnhynjnhoobrbbh pnmnrkhtbebh, pnjbasbhbbh pnmgbhouhbh cbh

    pnmgkhbbh mbsybrbabt.

    Bhoobrbh ckjbasbhbabh pbcb pnrkfcn sbtu tbeuh an cnpbh ybho tnhtuhyb

    mnhoblu anpbcb bhoobrbh cbh rnbjksbsk ybho cklbpbk pbcb tbeuh sngnjumhyb ybho

    ckpnrouhbabh sngbobk tfjba uaur pnmgubtbh bhoobrbh gnrkauthyb. Sbhpb bcbhyb subtu

    aninjkbh cbjbm mnhobhbjksb bhoobrbh ybho babh ckgubt mbab tkcba babh ckcbpbt

    rnbjksbsk ybho snsubk cbjbm bhoobrbh anubhobh pbcb Abhtfr Ansbtubh Gbhosb cbh

    Pfjktka Cbjbm Hnonrk Abgupbtnh \umgbwb Gbrbt ybho tnhtuhyb babh gnrkmgbs pbcb

    aurbho fptkmbjhyb ebskj pnhlbpbkbh akhnrib.

    Gnrcbsbrabh pnmbpbrbh ck btbs, pnhujks tnrtbrka uhtua mnhobhbjksb pnjbasbhbbh

    prforbm cbh anokbtbh pbcb Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk

    Abgupbtnh \umgbwb Gbrbt mnjbjuk pnhnjktkbh ybho gnriucuj Bhbjksks Akhnrib

    Anubhobh pbcb Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk Abgupbtnh

    \umgbwb Gbrbt Sbeuh 7027.

    2.7. Suiubh PnhnjktkbhBcbpuh tuiubh pnhnjktkbh khk bcbjbe uhtua mnhontbeuk akhnrib anubhobh pbcb

    Abhtfr Ansbtubh Gbhosb cbh Pfjktka Cbjbm Hnonrk Abgupbtnh \umgbwb Gbrbt Sbeuh

    Bhoobrbh 7027.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    32/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 75

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    KK. SKHIB^BH P^\SBAB

    7.2. Pnhnjktkbh \ngnjumhyb2. Nck Prbtbmb (7020) mnhnjktk tnhtbho Akhnrib Anubhobh CPWC Abgupbtnh

    \umgbwb Gbrbt Sbeuh 700;. Bjbt bhbjksks ybho ckouhbabh bcbjbe bhbjksks rbskf

    nafhfmk vbjun dfr mfhny. Ebskj pnhnjktkbhhyb mnhuhiuaabh gbewb akhnribanubhobh Abhtfr \narntbrkbt CPWC Abgupbtnh \umgbwb Gbrbt Sbeuh 700;

    snlbrb ansnjuruebh mnhuhiuaabh ebskj sbhobt nafhfmks cnhobh rbtb-rbtb rbskf

    akhnrib nafhfmk sngnsbr 52, anokbtbh

    mnhlbpbk aurbho nafhfmks cbh 7 anokbtbh mnhlbpbk tkhoabt tkcba nafhfmks.

    Suiubh Pnhnjktk cbjbm mnjbauabh pnhnjktkbh khk bcbjbe cbpbt ckantbeukhyb

    sngnrbpb ndksknh cbh ndnatkdktbs pnjbasbhbbh prforbm cbh anokbtbh ck \narntbrkbt

    CPWC Abgupbtnh \umgbwb Gbrbt Sbeuh 7020.

    7. Hfvbj Iujk Wbembh (7020), mnhnjktk tnhtbho Akhnrib Anubhobh Gbokbh ^mum cbh

    Pnrjnhoabpbh \narntbrks Cbnrbe Abgupbtnh \umgbwb Gbrbt Sbeuh 700;. Bjbtbhbjksks ybho ckouhbabh bcbjbe bhbjksks rbskf nafhfmk vbjun dfr mfhny. Ebskj

    pnhnjktkbhhyb mnhuhiuaabh gbewb akhnrib anubhobh Abhtfr Gbokbh ^mum cbh

    Pnrjnhoabpbh \narntbrks Cbnrbe Abgupbtnh \umgbwb Gbrbt Sbeuh 700; snlbrb

    ansnjuruebh mnhuhiuaabh ebskj sbhobt nafhfmks cnhobh rbtb-rbtb rbskf akhnrib

    nafhfmk sngnsbr 5;,3

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    33/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 7;

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    7.7.7. Akhnrib Anubhobh CbnrbeAkhnrib anubhobh bcbjbe subtu uaurbh akhnrib ybho mnhoouhbabh khckabtfr

    anubhobh. Bhbjksks akhnrib anubhobh pbcb cbsbrhyb ckjbaubh uhtua mnhkjbk akhnrib ck

    mbsb jbju cnhobh mnjbauabh gnrgbobk bhbjksks snekhoob ckpnrfjne pfsksk anubhobh ybho

    mnwbakjk rnbjktbs nhtktbs cbh pftnhsk-pftnhsk akhnrib ybho babh gnrjbhiut.

    7.7.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    34/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    35/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    36/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 .2. \ug Gbokbh Sbtb ^sbeb

    Sbgnj 2.

    Bhoobrbh Anokbtbh pbcb \ug Gbokbh Sbtb ^sbeb

    HF ^HKS ANWIB/ANOKBSBHBHOOBWBH

    %SBWONS (Wp)

    WNBJK\B\K(Wp)

    2 Pnhbtbbh cbh PnhonjfjbbhBcmkhkstrbsk ^mum

    Pnrabhtfrbh

    .000,00 200

    3 Pnhyusuhbh WAB/WAPB cbhCPB/CPPB \APC

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    37/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 ;3.000,0074.>;3.000

    %200Wn

    Wn

    GnjbhibBhoobrbhhlbhb

    GnjbhibBhoobrbhbjksbskNafhfmksHkjbk

    %200

    %200%200

    %200

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    %200

    %200,0074.>;3.000

    ,0074.>;3.000

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

    .000,

    003.77>.000,

    %200Wn

    Wn

    GnjbhibBhoobrbhhlbhb

    GnjbhibBhoobrbhbjksbskNafhfmksHkjbk

    %200

    %200%200

    %200

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    %200

    %200003.77>.000,

    003.77>.000,

    %200

    futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    38/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    39/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    >.7. \nask Pnhonmgbhobh Hkjbk-Hkjbk Angbhosbbh

    Sbgnj 4.;?0.000,00 >4.770.000,00 ;5,45

    7 Wbpbt Affrckhbsk Dfrum

    Anwbspbcbbh Ckhk Mbsybrbabt ck

    Cbnrbe (DACM)

    3>.3?0.000,00 3,25

    < Gkhtna \fskbjksbsk Pnhkhoabtbh

    Ansbcbrbh tnrebcbp Hkjbk-Hkjbk

    Pbhlbskjb

    47.2;0.000,00 >>.7?7.000,00 55,55

    2) Dbskjktbsk Anruauhbh ^mbt Gnrbobmb (DA^G)

    %45,;5

    %200,00>4.;?0.000

    ,00>4.770.000

    %200WnWn

    GnjbhibBhoobrbhhlbhbGnjbhibBhoobrbhbjksbskNafhfmksHkjbk

    %45,;5

    %200%200

    %45,;5

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    %200

    %200200%

    200%

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

    7) Wbpbt Affrckhbsk Dfrum Anwbspbcbbh Ckhk Mbsybrbabt ck Cbnrbe (DACM)

    %25,;>

    %200,003.3?0.000

    %200Wn

    Wn

    GnjbhibBhoobrbhhlbhb

    GnjbhibBhoobrbhbjksbsk

    NafhfmksHkjbk

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    40/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

    %200

    %200

    %25,;>

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    %200

    %200200%

    200%

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

    >.7?7.000

    %200Wn

    Wn

    GnjbhibBhoobrbhhlbhb

    GnjbhibBhoobrbhbjksbskNafhfmksHkjbk

    %55,55

    %200%200

    %55,55

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    Sbgnj 3.

    Ebskj Bhbjksks Akhnrib Bhoobrbh \nask Pnhonmgbhobh Hkjbk-Hkjbk Angbhosbbh

    HF ^HKS ANWIB/ANOKBSBH

    Wbskf Nafhfmk Wbskf Ndksknhsk Wbskf Ndnatkvktbs

    % Ant % Ant % Ant

    2 Dbskjktbsk Anruauhbh ^mbt

    Gnrbobmb (DA^G)

    ;5,45 Nafhfmks ;5,45 Aurbho

    Ndksknh

    200 Ndnatkd

    7 Wbpbt Affrckhbsk Dfrum

    Anwbspbcbbh Ckhk

    Mbsybrbabt ck Cbnrbe

    (DACM)

    ;>,25 Nafhfmks ;>,25 Aurbho

    Ndksknh

    200 Ndnatkd

    < Gkhtna \fskbjksbskPnhkhoabtbh Ansbcbrbh

    tnrebcbp Hkjbk-Hkjbk

    Pbhlbskjb

    55,55 LuaupNafhfmks

    55,55 LuaupNdksknh

    200 Ndnatkd

    %200

    %200200%

    200%

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    41/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    42/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >,;?

    %200

    %200

    %>>,;?

    %200

    \bsbrbhAkhnribLbpbkbh

    NafhfmkHkjbkNdksknhskHkjbk

    %200

    %200200%

    200%

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

    Nafhfmks ;?,>>Aurbho

    Ndksknh200 Ndnatkd

    < Afmuhktbs Khtnjkinh Cbnrbe;4,74 Nafhfmks ;4,74

    Aurbho

    Ndksknh200 Ndnatkd

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    43/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 .3. \nask Pnhonmgbhobh Pfjktka cbh Dbskjktbsk Frobhksbsk Pfjktka cbh Frobhksbsk

    Mbssb

    Sbgnj ?.

    Bhoobrbh Anokbtbh pbcb \nask Pnhonmgbhobh Pfjktka cbh Dbskjktbsk Frobhksbsk

    Pfjktka cbh Frobhksbsk Mbssb

    HF ^HKS ANWIB/ANOKBSBHGNJBHIB P^GJKA

    %SBWONS (Wp) WNBJK\B\K (Wp)

    2 Pnmgnhtuabh Skm TnrkdkabskBcmkhkstrbsk Pbrpfj

    2;.777.000,00 2?.?.000,00 ;0,

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    44/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 30

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    %200

    %200200%

    200%

    %200futputLbpbkbh

    futlfmnLbpbkbh

    sNdnatkvktbHkjbk

    Sbgnj 5.

    Ebskj Bhbjksks Akhnrib Bhoobrbh \nask Pnhonmgbhobh Pfjktka cbh Dbskjktbsk

    Frobhksbsk Pfjktka cbh Frobhksbsk Mbssb

    HF ^HKS ANWIB/ANOKBSBH

    Wbskf Nafhfmk Wbskf Ndksknhsk Wbskf Ndnatkvktbs

    % Ant % Ant % Ant

    2 Pnmgnhtuabh Skm

    Tnrkdkabsk Bcmkhkstrbsk

    Pbrpfj

    ;0,

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    45/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 32

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    CBDSBW P^\SBAB

    Bjkm, M Hkzbruj. 7005. Ndnatkvktbs Pnrpbcubh Afmpfhnh Bhoobrbh cbjbm Prfsncur

    Bhoobrbh9 Pnhouikbh Afhtkinhsk Mbtlekho. Iurhbj Bauhtbhsk cbh Anubhobh.Tfj. 20 Hf. 7 Hfvnmgnr. Ebj. 4;-?4

    Cnpbrtnmnh Cbjbm Hnonrk. 7003. ^hcbho-^hcbho Wnpugjka Khcfhnskb Hfmfr

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    46/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 37

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    BHBJK\K\ PNHOBW^E DBASFW-DBASFW PWFC^A\K SNWEBCBP

    PNHI^BJBH WFSK JBHO\^HO NHBA GBANW[ \^MGB_B GN\BW

    SBE^H 7005-7027

    Fjne9Boustkhus Cbpb Mfcb

    BG\SWBA

    Pnhnjktkbh khk gnriucuj bhbjksks dbltfr-dbatfr prfcuask tnrebcbp pnhiubjbh rftk jbhosuho

    nhba gbanry tbeuh 7005-7027. Wumusbh pnrmbsbjbe cbrk pnhnjktkbh khk bcbjbe bpbabe

    dbatfr-dbatfr prfcuask gnrpnhobrue tnrebcbp pnhiujbh rftk jbhosuho nhba gbanry tbeuh

    7005-7027. Bcbpuh tuiubh cbrk pnhnjktkbh khk bcbjbe uhtua mnhontbeuk Pnhobrue

    Dbatfr-Dbatfr Prfcuask Snrebcbp Pnhiubjbh Wftk Jbhosuho Nhba Gbanry \umgbwb

    Gnsbr Sbeuh 7005-7027. Inhks pnhnjktkbh khk bcbjbe pnhnjktkbh bsfskbtkd cnhobhmnhoouhbabh inhks cbtb aubjktbtkd cbh aubhtktbtkd. \umgnrcbtb pnhnjktkbh gnrupb

    sumgnr cbtb snauhcnr. Snahka pnhoumpujbh cbtb ybho ckouhbabh bcbjbe mntfcn

    cfaumnhtbsk/pustbab. Tbrkgnj cbjbm pnhnjktkbh khk bcb cub, vbrkbgjn gngbshyb bcbjbe

    dbltfr-dbatfr prfcuask cbh vbrkbgjn tnrkabthyb bcbjbe pnhiubjbh. Snahka bhbjksk cbtb

    cbjbm pnhnjktkbh khk mnhoouhbabh rumus rnornsk jkhnbr gnrobhcb uhtua mnhouik

    ekpftnsks ybktu pnhobrue dbatfr-dbatfr prfcuask tnrebcbp pnhiubjbh rftk jbhosuho nhba

    gbanry sumgbwb gnsbr tbeuh 7005-7027. Ebskj bhbjksks cbtb tnhtbho pnhobrue dbatfr-

    dbatfr prfcuask tnrebcbp pnhiubjbh rftk jbhosuho nhba gbanry sumgbwb gnsbr tbeuh

    7005-7027. ^htua uik ekpftnsks ckantbeuk hkjbk skohkdkabhsk :0.0> mbab ekpftnsk

    bjtnrhbtkd ck tnrkmb ybho mnhybtbabh gbewb tnrcbpbt pnhobrue dbatfr-dbatfr prfcuask

    tnrebcbp pnhiubjbh rftk jbhosuho nhba gbanry sumgbwb gnsbr tbeuh 7005-7027.

    Abtb Auhlk9 D batfr-d batfr Prfcuask, Ebskj Pnhiubjbh.

    K. PNHCBE^J^BH

    2.2. Jbtbr GnjbabhoBatkvktbs ybho pbjkho utbmb cbjbm subtu pnrusbebbh bcbjbe prfsns

    prucuask aeusushyb pbcb pnrusbebbh mbhudbatur. Cbjbm pnrusbebbh mbhudbatur

    prfsns prfcuask ck jbasbhbabh cnhobh tuiubh uhtua mnhoebskjabh prfcua snlbrb

    dkska.

    Prfsns prfcuask bcbjbe prfsns pnrugbebh mbsuabh mnhibck anjubrbh,

    cnhobh bcbhyb ebskj anjubrbh snekhoob tkmguj abtb prfcua. Prfcuask mnrupbabh

    ebskj utbmb cbrk subtu pnrusbebbh uhtua mnmujbk batkvktbshyb cnhobh tuiubh

    mnmpnrfjne pnhcbpbtbh. Bhtbrb prfcua cbh pnhcbpbtbh, tkcba tnrjnpbs cbrk skstnm

    pnmbsbrbh. \kstnm pnmbsbbrbh khk bcbjbe sbtu tnahka btbu lbrb pnhiubjbh uhtua

    mnhlbpbk ebskj ybho ck khokhabh.

    \bjbe sbtu tnahka cbjbm subtu pnmbsbrbh bcbjbe prfmfsk. Prfmfsk mnrupbabh

    gbokbh cbrk skstnm pnmbsbrbh ybho gnrtuiubh uhtua mnmpnranhbjabh prfcua ybho ck

    ebskjabh snekhoob mnhlbpbk tuiubh ybho ckkhokhabh. Cbjbm prfsns prfcuask tnhtu

    mnmgutuabh gkbyb, snekhoob tkmguj ybho hbmbhyb gkbyb prfcuask. \bjbe sbtu usbeb ck

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    47/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 3, Bprkj 7023 33

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    ckouhbabh cbjbm pnhnjktkbh khk bcbjbe bhbjksks cnsarkptkd cbh afmpbrbtkd. Bcbpuh

    ebskj pnhnjktkbhhyb mnhuhiuaabh gbewb bhoobrbh ybho cksusuh fjne PS.(Pnrsnrf)

    Pnjbguebh Khcfhnskb K Mncbh gnrduhosk snlbrb ndnatkd ckcbjbm mnhonhcbjkabh

    gkbyb fpnrbskfhbj.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    49/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 3>

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    \fnanrtbwk (2;;>), mnhonmuababh gbewb gkbyb usbeb cbpbt ck ajbskdkabskabh

    mnhibck cub ybktu9

    2. Gkbyb tntbp (Dkxnc Lfst) Gkbyb ybho rnjbtkd` tntbp iumjbehyb cbh ebrus ckanjubrabh

    wbjbupuh prfcua ybho ckebskjabh gbhyba btbu snckakt. Bcbpuh gkbyb-gkbyb yo

    tnrmbsua cbjbm gkbyb tntbp bhtbrb jbkh9b.Pbiba (Wp/tbeuh)

    g.Gkbyb jkstrka (Wp)

    l.Gkbyb pnrjnhoabpbh (Wp)

    c.Gkbyb snrvkln anhcbrbbh (Wp)

    7. Gkbyb tkcba tntbp (Tbrkbgjn lfst) Gkbyb tkcba tntbp ybho skdbthyb gnrugbe-ugbe

    tnrobhtuho cbrk gnsbr anlkjhyb prfcuask ybho ckebskjabh. Gkbyb sngbobk subtu hkjbk

    tuabr, pnhonjubrbh btbu pnhofrgbhbh ybho ckjbauabh uhtua mnhibmkh pnrfjnebh

    mbhdbbt (Lbrtnr _kjjkbm, 700;). Gkbyb cbjbm anokbtbh usbebtbhk ckanjubrabh fjne

    pnrusbebbh cnhobh tuiubh uhtua mnhoebskjabh pnhcbpbtbh ybho tkhook gbok usbeb

    ybho ckanribabh.

    Gkbyb-gkbyb ybho tnrmbsua cbjbm gkbyb tkcba tntbp bhtbrb jbkh9b. Gbebh gbau (Wp)

    g. Gkbyb tnhbob anrib (Wp)

    Gkbyb cbpbt iuob ckanjfmpfabh mnhibck.

    2) Gkbyb jbhosuho, ybktu gkbyb ybho jbhosuho ckgngbhabh pbcb batkvktbs btbu

    gbokbh tnrtnhtu cbrk frobhksbsk.

    7) Gkbyb tkcba jbhosuho, ybktu gkbyb ybho tkcba cbpbt ckabktabh cnhobh prfcua

    tnrtnhtu.

    Gnsbrhyb gkbyb cbh rnhcbehyb prfcuatkvktbs mbab uhtua mnhcfrfho anjbhosuhobh

    usbeb cnhobh tkhoabt ndksknhsk ybho injbs. Snhbob anrib cbh ckstrkgusk gbebh gbau

    mnrupbabh dbatfr pnhtkho cbjbm usbeb rftk, aeusushyb tnhbob anrib anjubrob gnsnrtb

    bhooftb anjubrobhyb. Snhbob anrib iuob mnrupbabh sbjbe sbtu uhsur pnhnhtu, tnrutbmbgbok pnrusbebbh ybho sbhobt tnrobhtuho muskm. Anjbhoabbh tnhbob anrib gnrbakgbt

    muhcurhyb anokbtbh prfcuask snekhoob gnrpnhobrue pbcb pnrusbebbh, prfcuatkvktbs cbh

    aubjktbs prfcua. Snhbob anrib tnrckrk cbrk tnhbob prkb cbh wbhktb.

    7.7.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    50/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 34

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    7.7.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    51/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 3?

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    KKK.ANWBHOAB AFH\NPS^BJ

    Obmgbr 7.

    Anrbhoab Afsnptubj

    KT. MNSFCN PNHNJKSKBH

    3.2. Inhks pnhnjktkbhInhks pnhnjktkbh ybho ckouhbabh cbjbm pnhnjktkbh khk bcbjbe pnhnjktkbh bsfskbtkd

    abrnhb pnhnjktkbh khk mnjkebt bhbjksks pnhobrue gkbyb gbebh gbau cbh gkbyb tnhbob anrib

    tnrebcbp tkhoabt pnhiubjbh pbcb usbeb rftk Jbhosuho Nhba Gbanry \umgbwb Gnsbr

    Sbeuh 7005-7027. Inhks cbh \uhgnr Cbtb cbjbm pnhnjktkbh khk bcbjbe sngbobk gnrkaut9

    3.7. Inhks CbtbInhks cbtb ybho ckouhbabh cbjbm pnhnjktkbh khk bcbjbe cbtb aubhtktbtkd cbh cbtb

    aubjktbtkd. Cbtb aubhtktbtkd bcbjbe cbtb ybho ckpnrfjne cbrk rnspfhcnh gnrupb antnrbhobhcbh pnhinjbsbh cbjbm gnhtua bhoab-bhoab ouhb mnjnhoabpk cbrk cbtb aubjktbtkd ybho

    gnreuguhobh cnhobh mbsbjbe ybho cktnjktk. Cbtb aubhtktbtkd cbjbm pnhnjktkbh khk gnrupb

    cbtb gkbyb tnhbob anrib, cbtb gkbyb gbebh gbau ybho tnrcbpbt ckpnrusbebbh jbhosuho

    nhba gbanry. \nmnhtbrb ktu cbtb aubjktbtkd bcbjbe ybho ck pnrfjne cbrk rnspfhcnh gnrupb

    anrbhobh cbh pnhinjbsbh mnhonhbk obmgbrbh umum pnrusbebbh jbhosuho nhba gbanry.

    3.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    52/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 35

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    [ = b + g2U2 + g7U7 +n

    ybho sucbe gnrjbju, cfaumnh gkbsbhyb gnrgnhtua tujksbh, obmgbr btbu abryb-abryb

    mfhumnhtbj cbrk snsnfrbho.

    Bcbpuh cbtb ybho ckouhbabh cbjbm pnhnjktkbh khk bcbjbe cbtb , gkbyb gbebh

    gbau, cbh gkbyb tnhbob anrib,ck pnrusbebbh jbhosuho nhba gbanry. Cbtb khk hbhtkhyb

    ckouhbabh uhtua mnhontbeuk pnhobrue dbatfr prfcuask gkbyb gbebh gbau cbh gkbybtnhbob anrib tnrebcbp pnhiubjbh rftk pnrusbebbh jbhosuho nhba gbanry tbeuh 7005-7027.

    Sbgnj 2.

    Cbtb Gkbyb cbh Pnhiubjbh Nhba Gbanry 7005-7027

    SBE^H

    GKB[B

    SNHBOB

    ANWIB (Wp)

    GKB[B GBEBH

    GBA^ (Wp)

    EB\KJ

    PNHI^BJBH

    (Wp)

    7005 ?;.700.000

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    53/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 3;

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    T. EB\KJ BHBJK\K\ CBH PNMGBEB\BHPnhnjktkbh khkmnhoouhbabh bhbjksks rnornsk gnrobhcb cbh mfcnj ybho ckouhbabh

    bcbjbe duhosk prfcuask . ckmbasucabh uhtua mnhobhbjksks bpbabe bcb pnhobrue gkbyb

    gbebh gbau cbh gkbyb tnhbob anrib tnrebcbp pnhiubjbh rftk ck Jbhosuho Nhba

    Gbanry ybho mnmpnhobruekhyb. Mfcnj rnornsk pnhnjktkbh cktujks sngbobk gnrkaut9

    [ = b + g2U2 + g7U7 +

    Ckmbhb 9

    [ = Pnhcbpbtbh Pnrusbebbh (Wp)

    b = Afhstbhtb

    U2 = Gkbyb Snhbob Anrib(Wp)U7 = Gkbyb Gbebh Gbau (Wp)

    g2,g7 = Afndksknh Wnornsk

    = Snrm Fd Nrrfr (ansbjbebh pnhoobhoou)

    Mfcnj rnornsk ckbtbs anmuckbh cktrbhsdfrmbsk ancbjbm mfcnj rnornsk jfobrktmb

    jkhknr cktujks sngbobk gnrkaut9

    Jfo [ = b + g2 Jfo U2 + g7 Jfo U7 +

    Cbrk ebskj nstkmbsk cnhobh gbhtubh prforbm \P\\ 2?.0, ckpnrfjne ebskj rnornsk

    cbh hkjbk afndksknh sngbobkmbhb tnrsbik pbcb tbgnj ckgbwbe khk9

    Sbgnj 7.

    Ebskj Wnornsk Jkhknr Gnrobhcb

    Lfnddklknhtsb

    Mfcnj

    ^hstbhcbrckznc

    Lfnddklknhts

    \tbhcbrckznc

    Lfnddklknhts

    t \ko.G \tc. Nrrfr Gntb

    2 (Lfhstbht) 5.23?N5 3.54?N? 24.?

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    54/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >0

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    (cbnrbe ck mbhb E0 cktfjba). \ngbjkahyb, cksngut tkcba skohkdkabh gkjb hkjbk uik

    stbtkstkahyb gnrbcb cbjbm cbnrbe ck mbhb E0cktnrkmb.

    >.2.2. ^ik t-stbtkstkaPnhouikbh khk pbcb cbsbrhyb mnhuhiuaabh sngnrbpb ibue pnhobrue sbtu vbrkbgnj

    pnhinjbs snlbrb khckvkcubj cbjbm mnhnrbhoabh vbrkbsk vbrkbgnj tnrkabt.b) Gkbyb Snhbob Anrib

    Cbrk ebskj pnrektuhobh ckpnrfjne hkjbk t-stbtkstka uhtua gkbyb tnhbob anrib ybho

    ckouhbabh sngnsbr 7.% (0,0>) cbh cnrbibt

    angngbsbh (h-a=>- pbcb = >% (0,0>) cbh cnrbibt angngbsbh

    (h-a=>-.2.7. ^ik D-stbtkstkaPnhouikbh khk pbcb cbsbrhyb mnhuhiuaabh bpbabe snmub vbrkbgnj gngbs ybho

    ckmbsuabh cbjbm mfcnj mnmpuhybk pnhobrue snlbrb gnrsbmb-sbmb tnrebcbp vbrkbgnj

    tnrkabt. Ebskj pnrektuhobh rnornsk mfcnj tnrpkjke ybho tnrsbik pbcb tbgnj ck gbwbe khk9

    Sbgnj 7.

    Ebskj ^ik D \tbtkstkaBHFTB

    Mfcnj \um fd \qubrns Cd Mnbh \qubrn D \ko.

    2 Wnornsskfh 2.454N23 7 5.375N2< 23.>42 .043b

    Wnskcubj 2.2>5N2< 7 >.?55N27

    Sftbj 2.502N23 3

    b. Prnckltfrs9 (Lfhstbht), gkbybgbebhgbau, gkbybtnhbobanrib

    g. Cnpnhcnht Tbrkbgjn9 ebskjpnhiubjbh

    Sbgnj ck btbs mnhuhiuaabh gbewb hkjbk D-ektuhobcbjbe 23.>42 sncbhoabh D-tbgnj

    >% (h-a) (a-2) btbu (0,0>1>,7) bcbjbe >.0> Brtkhyb D -ektuho 8 D-tbgnjsnekhoob ekpftnsks hfjcktfjba cbh ekpftnsks bjtnrhbtkd cktnrkmb, mbab ekpftnsks ybho mnhybtbabh gbewb ancub

    vbrkbgnj pnhinjbs snlbrb gnrsbmb-sbmb cbh skohkdkabh mnmpnhobruek vbrkbgnj ybho

    ckinjbsabh cktnrkmb. Cnhobh abtb jbkh, vbrkbgnj gkbyb tnhbob anrib cbh gkbyb gbebh gbau

    snlbrb gnrsbmb-sbmb mbmpu mnhinjbsabh vbrkbgnj pnhiubjbh rftk ck Jbhosuho Nhba

    Gbanry.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    55/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >2

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    >.2.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    56/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >7

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Cnhobh mnjkebt hkjbk TKD vbrkbgnj-vbrkbgnj tnrsngut ck btbs U2 cbh U7

    mnhuhiuaabh jngke cbrk 20. \nekhoob cnhobh cnmkakbh cbpbt ckskmpujabh gbewb

    tnrcbpbt euguhobh jkhknr ybho snmpurhb bhtbr ancub vbrkbgnj gngbs btbu pnhinjbs

    tnrsngut. Hbmuh, abrnhb antnrgbtbsbh cbtb mbab pnhynmguebh onibjb mujtkafjkhnbrktbs

    cnhobh lbrb pnhbmgbebh iumjbe cbtb tkcba cbpbt ckjbauabh. Fjne abrnhb ktu, tkcbackjbauabh pnhynmguebh btbs onibjb mujtkafjkhnbrktbs cbjbm pnhnjktkbh khk. Ebj khk

    ckbmgkj btbs pnrtkmgbhobh gbewb ebskj nstkmbsk tntbp gnrskdbt Gnst Jkhnbr ^hgkbsnc

    Nstkmbtfr(GJ^N), ebhyb sbib vbrkbh cbrk vbrkbgnj - vbrkbgnj tnrsngut ybho gnsbr.

    >.7.7. ^ik Entnrfancbstksktbs^ik Entnrfsancbstksktbs ckjbauabh uhtua mnhontbeuk bpbabe vbrkbh uhtua sntkbp

    vbrkbgnj obhooubh blba (cksturgbhln vbrkbgjn) afhstbh btbu tkcba pbcb sntkbp pnrkfcn

    pnhobmbtbh. Mfcnj ybho gbka bcbjbe mfcnj ybho ckcbjbmhyb tkcba tnrcbpbt onibjb

    entnrfsancbstksktbs btbu cksngut tnrcbpbt onibjb Efmfsancbstksktbs.

    Obmgbr 3.

    Ebskj ik Entnrfancbstksktbs

    \umgnr 9 Cbtb \nauhcnr Ckfjbe

    Gnrcbsbrabh orbdka ck btbs, ckantbeuk gbewb orbdka tnrsngut tkcba mnmgnhtua

    subtu pfjb ybho gnrbturbh btbu sngbrbhhyb gnrskdbt blba. Cnhobh cnmkakbh cbpbt

    ckskmpujabh gbewb tkcba tnrcbpbt onibjb Entnrfsancbstksktbs cbjbm mfcnj

    >.

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    57/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >, Bprkj 7023 >3

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    PNHOBW^E CBHB GBHS^BH PWFOWBM \SKM^J^\ NAFHFMK

    SNWEBCBP PNHCBPBSBH PNJBA^ \BEB MKAWF

    CK ABG^PBSNH \^MGB_B GBWBS

    Fjne 9[ujkbhb

    BG\SWBA

    Pnhnjktkbh khk gnrtuiubh uhtua mnhontbeuk pnhobrue gbhtubh cbhb prforbm stkmujus

    nafhfmk tnrebcbp pnhcbpbtbh pnjbau usbeb mkarf ck Abgupbtnh \umgbwb Gbrbt pbcb

    tbeuh 7027. Pfpujbsk cbjbm pnhnjktkbh khk bcbjbe ansnjuruebh pnjbau usbeb mkarf

    ybho mnmpnrfjne gbhtubh cbhb P\N ck Abgupbtnh \umgbwb Gbrbt ybho gnriumjbe

    2>2 frbhosnekhoob gnsbrhyb sbmpnj cbjbm pnhnjktkbh khk bcbjbe sngbhyba 40 frbho

    ybho cktntbpabh cnhobh mntfcn rbmcfm sbmpjkho. Cbjbm pnhnjktkbh khk Bjbt bhbjksksybho ckouhbabh bcbjbe bhbjksks rnornsk jkhknr sncnrebhb, Cbrk ebskj pnhnjktkbh khk cbpbt

    ckskmpujabh (2) Gnrcbsbrabh ebskj pnrektuhobh ckpnrfjne pnrsbmbbh rnornsk sncnrebhb

    sngbobk gnrkaut [ = 2.03>,4>2 + 0,0;5U brtkhyb bpbgkjb Cbhb Gbhtubh Prforbm

    \tkmujus Nafhfmk (P\N) mnhkhoabt, mbab Pnhcbpbtbh Pnjbau ^sbeb Mkarf ck

    Abgupbtnh \umgbwb Gbrbt snmbakh tkhook (7) Cbrk pnrektuhobh afrnjbsk tnrjkebt hkjbk

    afndksknh W = 0,;47 brtkhyb bhtbrb vbrkbgnj mnmpuhybk euguhobh ybho aubt cbh

    pfsftkd. (

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    59/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >>

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    pnrmfcbjbh. Gbok usbeb anlkj cbh mnhnhobe, arnckt ckrbsb luaup pnhtkho mnhkhoabtabh

    angutuebh uhtua pnmgkbybbh mfcbj anrib ckpnrjuabh ouhb mnhibjbhabh usbeb cbh

    mnhkhoabtabh baumujbsk pnmupuabh mfcbj mnrnab. ^htua mnhobtbsk mbsbjbe tnrsngut

    pnmnrkhtbe mnjuhlurabh prforbm pnmgkbybbh gbok ^MAM cbh afpnrbsk, ybktu Arnckt

    ^sbeb Wbaybt (A^W). Mnjbjuk prforbm gbhtubh Arnckt ^sbeb Wbaybt (A^W) ybho tnjbeckgnrkabh pnmnrkhtbe, ckebrbpabh cnhobh prforbm khk pbrb pnjbau ^sbeb Mkarf Anlkj

    cbh Mnhnhobe (^MAM) mnmkjkak snmbhobt uhtua mnhonmgbhoabh usbebhyb.

    Pnrebtkbh pnmnrkhtbe cbnrbe Abgupbtnh \umgbwb Gbrbt tnrebcbp pnhousbeb

    mkarf luaup gnrbjbsbh abrnhb gbhybahyb ebmgbtbh-ebmgbtbh ybho ckebcbpk fjne

    pnhousbeb mkarf cbjbm mnhkhoabtabh anmbmpubh usbeb. Bspna-bspna tnrsngut bhtbrb

    jbkh ybktu gnrsumgnr cbrk jbpfrbh baekr prforbm \tkmujus Nafhfmk Abgupbtnh

    \umgbwb Gbrbt 9 Aurbhohyb pnrmfcbjbh gbka iumjbe mbupuh sumgnr , Aurbhohyb

    anmbmpubh mbhbonrkbj cbh antnrbmpkjbh gnrfpnrbsk, snrtb tkcba bcbhyb gnhtua dfrmkj

    cbrk pnrusbebbh, Jnmbehyb frobhksbsk cbh tnrgbtbshyb pnmbsbrbh. Gnrcbsbrabh jbtbr

    gnjbabho ckbtbs, pnhujks tnrtbrka uhtua mnhnjktk jngke ibue pnhobrue cbhb gbhtubh

    mnjbjuk Prforbm \tkmujus Nafhfmk Pnmnrkhtbe Abgupbtnh \umgbwb Gbrbt tnrebcbppnhcbpbtbh pnjbau usbeb mkarf ck Abgupbtnh \umgbwb Gbrbt. Bcbpuh iucuj pnhnjktkbh

    khk bcbjbe Pnhobrue Cbhb Gbhtubh Prforbm \tkmujus Nafhfmk Snrebcbp Pnhcbpbtbh

    Pnjbau ^sbeb Mkarf ck Abgupbtnh \umgbwb Gbrbt Sbeuh 7027.

    2.7. Wumusbh MbsbjbeGnrcbsbrabh jbtbr gnjbabho ckbtbs, pnrtbhybbh pnhnjktkbh khk bcbjbe sngbobk

    gnrkaut 9 Bpbabe gbhtubh cbhb Prforbm \tkmujus Nafhfmk gnrpnhobrue \kohkdkabh

    tnrebcbp pnhcbpbtbh pnjbau usbeb mkarf ck Abgupbtnh \umgbwb Gbrbt Sbeuh 7027 6

    2.0 rnspfhcnh arnckt cbh 30 rnspfhcnh hfh arnckt. Cnhobh

    mnhoouhbabh mntfcn rnornsk jkhknr gnrobhcb ckcbpbt ebskj gbewb pnrmgnrkbh arnckt

    prforbm L\W gnrcbmpba pfsktkd tnrebcbp pnhkhoaftbh pnhcbpbtbh snatfr ^MAM.

    \njbhiuthyb \yebducckh, 7020. Mnjbauabh pnhnjktkbh cnhobh iucuj Pnhobrue Arnckt

    Pkhibmbh Cksafpnrckhcbo Snrebcbp Pnhcbpbtbh Pncbobho Abak Jkmb ck Anjurbebh

    Cbjbm Anlbmbtbh Sbjkwbho Abgupbtnh \umgbwb Gbrbt. Bjbt bhbjksks ybho ckouhbabh

    bcbjbe rnornsk jkhknr sncnrebhb. Tbrkbgnj gngbs cbjbm pnhnjktkbh khk bcbjbe iumjbe arnckt

    ybho cktnrkmb pncbobho abak jkmb, sncbhoabh vbrkbgnj tnrkabthyb bcbjbe pnhcbpbtbh

    pncbobho abak jkmb. Ebskj pnhnjktkbhhyb mnhuhiuaabh gbewb arnckt ybho cktnrkmb cbrk

  • 7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full

    60/86

    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >4

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Cksafpnrkhcbo Abgupbtnh \umgbwb Gbrbt gnrpnhobrue pfsktkd cbh skohkdkabh tnrebcbp

    pnhcbpbtbh pncbobho abak jkmb ck Anjurbebh Cbjbm Abgupbtnh \umgbwb Gbrbt.

    Pnhnjktkbh ybho sbmb iuob ckjbauabh fjne Hurekcbybe, 7007 cnhobh iucuj

    Pnhobrue Pnmgnrkbh Arnckt Anmktrbbh ^sbeb Gbok Pnhkhoabtbh Pnhcbpbtbh Khcustrk

    Wumbe Sbhoob ck Anjurbebh ^mb \kmb Sbeuh 7000/7002. Suiubh uhtua mnhontbeukpnhobrue pnmgnrkbh arnckt anmktrbbh usbeb gbok pnhkhoabtbh pnhcbpbtbh khcustrk

    rumbe tbhoob ck Anjurbebh ^mb \kmb Sbeuh 7000/7002. Bjbt bhbjksks ybho ckouhbabh

    bcbjbe rnornsk jkhknr sncnrebhb cnhobh vbrkbgnj gngbs iumjbe arnckt cbh vbrkbgnj tnrkabt

    pnhcbpbtbh pnjbau khcustrk rumbe tbhoob. Ebskj pnhnjktkbh mnhuhiuaabh gbewb tnribck

    pnhkhoabtbh pnhcbpbtbh bhooftb anjfmpfa usbeb khcustrk rumbe tbhoob ck Anjurbebh

    ^mb \kmb Anlbmbtbh \umgbwb Sbeuh 7000/7002.

    7.7. Jbhcbsbh Snfrk

    7.7.2. Prforbm \tkmujus Nafhfmk.

    Prforbm Cbhb \tkmujus sngbobkmbhb cksngutabh cbjbm pbsbj 2 eurud g.2 bcbjbe

    rbhoabkbh anokbtbh Abgupbtnh \umgbwb Gbrbt cbjbm gnhtua mnmgnrkabh pkhibmbhmfcbj anrib cbh khvnstbsk anpbcb afpnrbsk cbh anjfmpfa ^MAM ybho sumgnr cbhbhyb

    gnrbsbj cbrk BPGC Abgupbtnh \umgbwb Gbrbt Sbeuh 7020 cnhobh tuiubh

    Mnmgnrcbybabh afpnrbsk cbh ^MAM mnjbjuk pnmgnrkbh pkhibmbh mfcbj anrib cbh

    khvnstbsk, Mnmpnraubt pnrbh cbh pfsksk afpnrbsk cbjbm mnhcuauho upbyb pnrjubsbh

    ansnmpbtbh anrib, pnhumguebh wkrbusbeb gbru cbh pnhonhtbsbh anmksakhbh.

    Bcbpuh \bsbrbh Prforbm Cbhb \tkmujus cbjbm pbsbj < cksngutabh ybktu9

    Snrsbjurhyb cbhb stkmujus anpbcb afpnrbsk btbu anjfmpfa ybho mnmnhuek pnrsybrbtbh,

    Snrsbjurhyb cbhb stkmujus anpbcb bhooftb afpnrbsk btbu anjfmpfa ybho mnmpuhybk

    usbeb prfcuatkd. Snrwuiuchyb pnhkhoabtbh mfcbj anrib gbok usbeb mkarf anlkj cbh

    mnhnhobe ybho gnronrba ck gkcbho pnrtbhkbh, pntnrhbabh, pnrkabhbh, anrbikhbh/khcustrk

    rumbe tbhoob, pncbobho abak jkmb, wbruho-wbruho anlkj ybho cksbjurabh fjne afpnrbskcbjbm gnhtua pkhibmbh, Snrjbasbhbhyb prforbm cbhb stkmujus ybho mnhibmkh

    suasnshyb pnhybjurbh, pnmbmdbbtbh, pnhonmgbjkbh snrtb tnrwuiuchyb pnhkhoabtbh cbh

    pnhonmgbhobh usbeb prfcuatkd mbsybrbabt.

    7.7.7. Afhsnp Pnhcbpbtbh

    Pnhcbpbtbh bcbjbe ebskj pnhlbrkbh btbu usbeb cbh pnrfjnebh jbkh (Aushbck, caa.

    700093

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >?

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    wbatu tnrtnhtu, pnhcbpbtbh tnrsngut cbpbt gnrupb upbe btbu pnhnrkmbbh tnhbob anrib.

    Pnhcbpbtbh snpnrtk guhob, snwb, cbh cnvkcnh, snrtb pnmgnybrbh trbhsdnr, btbu

    pnhnrkmbbh cbrk pnmnrkhtbe snpnrtk tuhibhobh sfskbj btbu bsurbhsk pnhobhoourbh.

    \ucbrmbh (2;;3970), pnhcbpbtbh bcbjbe pnhnrkmbbh ybho tnrckrk

    pnhnrkmbbh aftfr cbh pnhnrkmbbh gnrske. ^htua mnhoektuho pnhcbpbtbh gnrske(anuhtuhobh) cnhobh mnhoouhbabh rumus sngbobk gnrkaut9

    SW = R . P

    Ckmbhb 9

    SW = Sftbj pnhnrkmbbh

    R = Ebskj prfcuask

    P = Ebrob iubj prfcuask

    Pnhnrkmbbh gnrske (anuhtuhobh) bcbjbe pnhnrkmbbh ybho gnrbsbj ebskj pnhiubjbh

    futput sntnjbe ckaurbhok tftbj gkbyb prfcuask ybho ckanjubrabh.

    7.7.00.000.000,00 (jkmb rbtus iutb rupkbe) tkcba

    tnrmbsua tbhbe cbh gbhouhbh tnmpbt usbeb1 btbu

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >5

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    g. mnmkjkak ebskj pnhiubjbh tbeuhbh jngke cbrk Wp 00.000.000,00 (cub mkjybr jkmb

    rbtus iutb rupkbe).

    (00.000.000,00 (jkmb rbtus iutb rupkbe)sbmpbk cnhobh pbjkho gbhyba Wp 20.000.000.000,00 (snpujue mkjybr rupkbe)

    tkcba tnrmbsua tbhbe cbh gbhouhbh tnmpbt usbeb1 btbu

    g. mnmkjkak ebskj pnhiubjbh tbeuhbh jngke cbrk Wp 7.>00.000.000,00 (cub mkjybr

    jkmb rbtus iutb rupkbe) sbmpbk cnhobh pbjkho gbhyba Wp >0.000.000.000,00

    (jkmb pujue mkjybr rupkbe).

    KKK.MNSFCNJFOK PNHNJKSKBH

    %, 20%, >0% cbrk snjurue pfpujbsk. Gngnrbpb ebj ybho

    cbpbt ckibckabh pntuhiua uhtua mnhnhtuabh gnsbrhyb pnrsnhtbsn ktu bcbjbe 9 (2) gkjb

    bhooftb pfpujbsk, H gnsbr, pnrsnhtbsn ybho anlkj sucbe cbpbt mnmnhuek sybrbt gkjb cbtb

    efmfonh, (7) gnsbrhyb sbmpnj enhcbahyb tkcba aurbho cbrk

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 >;

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    9?7-?.4>2 755?2.055 .02 + 0,0;5U + n

    btbu

    Pnhcbpbtbh = 2.03>,4>2 + 0,0;5*\tkujus Nafhfmk + n

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 40

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    Cbrk tbgnj ck btbs cbpbt pujb ckantbeuk hkjbk t-ektuho uhtua vbrkbgnj \tkmujus

    Nafhfmk (U) bcbjbe sngnsbr % cbh cnrbibt angngbsbh cd = h-a = 40-7 = >5 uhtua uik sbtu

    sksk, mbab ckantbeuk t-ektuho jngke gnsbr cbrk t-tbgnj (,4>2 brtkhyb gbewb ikab tkcba bcb stkmujus nafhfmk

    mbab pnhcbpbtbh pnjbau usbeb mkarf sngnsbr Wp.2.03>,4>2-. Afndksknh Wnornsk

    \tkmujus Nafhfmk = 0,0;5, brtkhyb ikab tnribck anhbkabh stkmujus nafhfmk sngnsbr

    Wp.2,-, mbab pnhcbpbtbh pnjbau usbeb mkarf babh mnhobjbmk pnhkhoabtbh sngnsbr

    Wp.0,0;5,- cnhobh bsumsk lntnrks pbrkgus. Ebskj tnrsngut mnhuhiuabh gnsbrbh ybho

    pfsktkd ybho brtkhyb ikab tnribck anhbkabh pbcb stkmujus nafhfmk, mbab babh

    mnhobakgbtabh anhbkabh pnhcbpbtbh pnjbau usbeb btbu sngbjkahyb ikab tnribck

    pnhuruhbh cbjbm stkmujus nafhfmk, mbab babh mnhobakgbtabh pnhuruhbh pbcb

    pnhcbpbtbh pnjbau usbeb mkarf.Gnrcbsbrabh ebskj bhbjksks rnornsk jkhknr sncnrebhb, iuob ckpnrfjne hkjbk afndksknh

    cntnrmkhbsk (W7) cbrk mfcnj rnornsk ck btbs sngbobk gnrkaut9

    Sbgnj 7.

    Afndksknh Cntnrmkhbsk btbu W-\qubrn(W7)

    Mfcnj \ummbryg

    Mfcnj W W \qubrn

    Bciustnc W

    \qubrn

    \tc. Nrrfr fd

    ten Nstkmbtn Curgkh-_btsfh

    2 .;52b .;47 .;42 2.37,4>2 + 0,0;5 U brtkhyb bpbgkjb Cbhb Gbhtubh Prforbm \tkmujus

    Nafhfmk (P\N) gnsbr, mbab Pnhcbpbtbh Pnjbau ^sbeb Mkarf ck Abgupbtnh

    \umgbwb Gbrbt snmbhoakh tkhook.

    7. Cbrk pnrektuhobh afrnjbsk tnrjkebt hkjbk afndksknh W = 0,;47 brtkhyb bhtbrb vbrkbgnj

    mnmpuhybk euguhobh ybho aubt cbh pfsftkd.

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 42

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    .7. \brbh

    Bcbpuh gngnrbpb ebj ckbiuabh sngbobk gbebh mbsuabh btbu sngbobk sbrbhanpbcb pkeba ckmbhb pnhnjktk ckjbauabh. Bcbpuh sbrbh-sbrbh snrsngut snpnrtk ckgbwb

    khk9

    2. Cbrk pnhnjktkbh khk, pnhnjktk mnhykmpujabh gbewbe gnrcbsbrabh anuhtuhobh,

    cksbrbhabh anpbcb pbrb pnjbau prforbm \stkmujus Nafhfmk (P\N) uhtua

    mnhonmgbhoabh usbeb ^MAM abrnhb mnmkjkak anuhtuhobh ybho luaup gnsbr,

    cnhobh mnhkhoabtabh sabjb usbeb ybho jngke gnsbr cbh abpbsktbs bjbt ybho

    ckouhbabh

    7. ^htua mnhobtbsk mbsbjbebh ybho snrkho tnribck pbcb pnjbau ^MAM cbh afpnrbsk

    pnmnrkhtbe A\G cbh Gbha aeusushyb anpbcb cnpbrtnmnh tnrabkt (Cnpbrtnmnh

    Pnrkhcustrkbh cbh Pnrcbobhobh) bobr mnmgnrkabh pnmgkhbbh tnahks bobr

    mbsybrbabt snjbau pnjbau ^MAM cbjbm mnhntbpabh tbtbanjfjbe usbeb snlbrb gnhbrbabh gnrbakgbt jngke gbok anmbiubh usbeb ybho gnrbmpjkabsk gbok ansnibetnrbbh

    mbsybrbabt cbh Pnhkhoabtbh Pnhcbpbtbh Bsjk Cbnrbe (PBC).

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 47

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    CBDSBW P^\SBAB

    Bhfhkm. 7020. Gbcbh Pusbt \tbtkstka, \umgbwb Gbrbt Cbjbm Bhoab Sbeuh 7020.

    Boustkhn, Euskhsybe cbh \ybrkdbe. 700;. Bhbjksks Wnhtbgkjktbs ^sbeb Pnmgubtbh

    Snmpn ck Anjurbebh \kcfcbck Aftb \bmbrkhcb. Iurhbj. Dbaujtbs Pnrtbhkbh,^hkvnrsktbs Mujbwbrmbh, \bmbrkhcb.

    Mutkbrb, Byu. 7020. Bhbjksks Pnhobrue Gbebh Gbau, Gbebh Gbabr cbh Snhbob Anrib

    Snrebcbp Prfcuask Snmpn ck Aftb \nmbrbho ( \tuck Absus ck Anjurbebh

    Arfgfabh). \arkpsk. Dbaujtbs Kjmu Nafhfmk, ^hkvnrsktbs Ckpfhfrfof,

    \nmbrbho.

    Snrnshbwbtk, Hkhkho. 7000. Hkjbk Sbmgbe cbh Anuhtuhobh Borfkhcustrk Mnhtn Ck

    Abgupbtnh Jfmgfa Gbrbt. \arkpsk. Dbaujtbs Pnrtbhkbh ^hkvnrsktbs

    Mbtbrbm9, Mbtbrbm.

    Okjbrsf. 7005. \P\\ 24.0 Bhbjksbh Cbtb \tbtkstkab cbh Pnhnjktkbh. Pusbab Pnjbibr,[foybabrtb.

    Ofrfhtbjf, Klesbh. 7005. Bhbjksks Dkhbhskbj ^sbeb Borfkhcustrk Oujb Brnh (\tuck

    Absus ck Cnsb Euebeb Anlbmbtbh \bpbrube Abgupbtnh Mbjuau Snhobe

    Prfvkhsk Mbjuau).Dbaujtbs Pnrtbhkbh ^hkvnrsktbs Pbtkmurb Bmgfh.

    Kcb Gbous. 7007. Bhbjksks Anuhtuhobh Borfkhcustrk Nmpkho Mnjkhif ck Abgupbtnh

    Jfmgfa Gbrbt. \arkpsk. Dbaujtbs Pnrtbhkbh hkvnrsktbs Mbtbrbm, Mbtbrbm.

    Hurbkhk. 7004. \tuck Afmpfrbsk Anuhtuhobh ^sbeb cbh Pnhynrbpbh Snhbob Anrib

    Gnrgbobk Borfkhcustrk Ablbho Sbhbe Ck Cnsb Ananrk Anlbmbtbh

    Ouhuhosbrk Abgupbtnh Jfmgfa Gbrbt. \arkpsk. Dbaujtbs Pnrtbhkbh,

    ^hkvnrsktbs Mbtbrbm, Mbtbrbm.

    Wkdkbhtf K. 2;;

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 4.74% pbcb

    tbeuh 7022. Cnhobh cnmkakbh mbab ckantbeuk gbewb afhtrkgusk pbiba rnstfrbh

    tnrebcbp PBC Abgupbtnh \umgbwb Gbrbt tnrus mnhobjbmk pnhkhoabtbh.

    Abtb auhlk 9 Afhtr kgusk, Pbiba Wnstfrbh, Pnhcbpbtbh Bsjk Cbnrbe (PBC)

    K. PNHCBE^J^BH

    2.2. Jbtbr GnjbabhoPnmgbhouhbh cbjbm pnhynjnhoobrbbh ftfhfmk cbnrbe jngke jngke cktnabhabh

    pbcb prkhskp-prkhskp cnmfarbtksbsk ybho gnrtumpu pbcb pnrbh snrtb mbsybrbabt,

    pnmnrbtbbh cbh anbckjbh snrtb mnmpnrebtkabh pftnhsk cbh anbhnabrbobmbh cbnrbe.

    Pftnhsk mbskho-mbskho cbnrbe sbhobt gnrbobm cbh tnrobhtuho bcb gnrgbobk dbatfr

    utbmb snpnrtk anbcbbh sumgnr cbyb bjbm ybahk antnrsnckbbh/ anbhnabrbobmbh

    sumgnrcbyb bjbm, sumgnr cbyb mbhuskb ybahk tkhoabt sumgnrcbyb sfskbj gucbyb cbh

    pnhckckabh snrtb anjnhoabpbh sbrbhb cbh prbsbrbhb. \bjbe sbtu pnrmbsbjbebh utbmb

    ybho ckebcbpk fjne sngbokbh gnsbr pnmnrkhtbe cbnrbe bcbjbe gnjum tnrsnckbhyb sumgnr

    anabybbh ybho mnmbcbk ybho cbpbt ckpnrouhbabh uhtua mnmgkbybk anokbtbh

    pnmgbhouhbh snlbrb fptkmbj.

    Ftfhfmk cbnrbe mnmgnrkabh pnjubho ybho gnsbr anpbcb cbnrbe. Pnjubho gnsbr

    tnrsngut ckabrnhbabh bcbhyb pnhynrbebh urusbh ybho ckgnrkabh fjne pnmnrkhtbe pusbt

    anpbcb pnmnrkhtbe cbnrbe. Ebj tnrsngut iuob ckuhoabpabh fjne _kcibib (7002972-77)

    Ftfhfmk cbnrbe bcbjbe pnhynrbebh urusbh pnmnrkhtbe anpbcb pnmnrkhtbe cbnrbe ybho

    gnrskdbt fpnrbskfhbj cbjbm rbhoab sksktnm gkrfarbsk pnmnrkhtbebh. Cbrk urbkbh tnrsngut

    gbewb Ftfhfmk Cbnrbe cbpbt ckpbhcbho sngbobk lbrb uhtua mnwuiucabh

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 43

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    pnhynjnhoobrbbh pnmnrkhtbe ybho ndnatkd, ndnsknh cbh gnrwkgbwb ybho mnwuiucabh

    pnjbybhbh anpbcb mbsybrbabt cbjbm mnhkhoabtabh ansnibetrbbh mbsybrbabt cnhobh

    mnmpnrebtkabh prkhskp cnmfarbsk, pnmnrbtbbh, anbckjbh, ankstkmnwbbh cbh anaeusubh

    subtu cbnrbe cbjbm skstnm Hnobrb Ansbtubh Wnpugjka Khcfhnskb.

    Abgupbtnh \umgbwb Gbrbt ybho mujbk tnrgnhtua tbhoobj 70 Hfvnmgnr 70020.- (Ckspnhcb A\G 700;). Ebj khk ck cuob sngbobk

    cbmpba cbrk bcbhyb gngnrbpb khcustrk ybho mnmpnranribabh gbhyba frbho,

    pnrtbmgbebh iumjbe pnhcucua, snrtb mnhkhoabthyb pnhcbpbtbh mbsybrbabt snekhoobafhsumsk pbcb angutuebh pfafa iuob mnhkhoabt. Afhcksk khk mnmguab pnjubho

    nafhfmk sngbobk mftkvbsk mbsybrbabt. Cbjbm pbiba rnstfrbh tnrcbpbt gngnrbpb uhsur

    ybho ckibckabh sumgnr pnhnrkmbbh bsjk cbnrbe ybktu rumbe mbabh \njbkh sumgnr

    pnhnrkmbbh tnrsngut bpbgkjb ckanjfjb snlbrb fptkmbj babh cbpbt mnmgnrkabh

    pnhnrkmbbh ybho luaup gnsbr gbok pnhcbpbtbh cbnrbe cbjbm mnhuhibho pnhkhoabtbh

    pnhcbpbtbh bsjk cbnrbe. Anhybtbbh ybho ckcbpbt ckjbpbhobh tnrcbpbt ;0 gube ybho bcb

    ck A\G mbskho-mbskho mnmgnrkabh afhtrkgusk luaup gnrbrbtk gbok pnhcbpbtbh bsjk

    cbnrbe, mnsakpuh ckcbpbtabh gbewb pnhcbpbtbh bsjk cbnrbe \umgbwb Gbrbt snlbrb

    ansnjuruebh PBC mbske ckrbsbabh rnjbtkd mbske ckhkjbk aurbho uhtua mnhcuauho

    pnjbasbhbbh pnmnrkhtbebh cbh pnmgbhouhbh.

    Wnbjktbs pnhonmgbhobh sumgnr-sumgnr PBC \umgbwb Gbrbt aeusushyb cbrksnatfr pbiba rnstfrbh ybho pftnhskbj tnrsngut mbske sbhobt gnrpnjubho gnsbr uhtua

    mnhyumgbhoabh PBC ckmbsb cbtbho. Ebj khk snlbrb jbhosuho babh mbmpu

    mnhcfhoarba sumgnr afhtrkgusk cbnrbe khk tkbp tbeuhhyb. Pfjb pnhonjfjbbh afhtrkgusk

    cbrk snatfr pbiba rnstfrbh khk iuob sbhobt pnhtkho ck tkhoabtabh snekhoob mbmpu

    mnhonjkmkhkr pnhykmpbhobh snrtb anhcbjb sugstbhskbj pbcb tkhoabt jbpbhobh.

    Gnrcbsbrabh jbtbr gnjbabho ckbtbs, pnhujks sbhobt tnrtbrka uhtua mnjbauabh pnhnjktkbh

    tnhtbho Bhbjksks Afhtrkgusk Pbiba Wnstfrbh Snrebcbp Pnhcbpbtbh Bsjk Cbnrbe

    Abgupbtnh \umgbwb Gbrbt Sbeuh 700;-7022.

    2.7. Wumusbh Mbsbjbe

    Bcbpuh rumusbh mbsbjbe cbjbm pnhnjktkbh khk bcbjbe \ngnrbpb gnsbr

    Afhtrkgusk Pbiba Wnstfrbh tnrebcbp Pnhcbpbtbh Bsjk Cbnrbe Abgupbtnh \umgbwb Gbrbt

    tbeuh 700;-70226

    2.

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    Iurhbj Nafhfmk cbh Gkshks, Ikjkc 7 Hfmfr >, Bprkj 7023 4>

    Pusbt Wksnt Nafhfmk cbh Pnmgbhouhbh DN ^H\B

    KK. SKHIB^BH P^\SBAB

    7.2. Pnhnjktkbh \ngnjumhybCbjbm pnhnjktkbh ybho ckjbauabh, iuob ckabik gngnrbpb pnhnjktkbh sngnjumhyb

    ybho bcb euguhobhhyb cnhobh pnhnjktkbh ybho sncbho ckjbauabh. Ebskj cbrk pnhoabikbh

    khk babh cbpbt ckibckabh sngbobk gbebh pnrgbhckhobh tnrebcbp pnhnjktkbh ybho sncbhockjbauabh. Gngnrbpb abikbh cbrk pnhnjktkbh sngnjumhyb bhtbrb jbkh 9 Bmk Dbckjb (700;)

    Pnhnjktkbh khk gnriucuj gnsbr pnhobrue pbiba rnstfrbh tnrebcbp pnhcbpbtbh pbiba

    rnstfrbh ck aftb yfoybabrtb. Cbh gnriucuj uhtua mnhontbeuk sngnrbpb gnsbr pnhobrue

    pbiba rnstfrbh tnrebcbp pnhcbpbtbh pbiba rnstfrbh