View
226
Download
0
Embed Size (px)
Citation preview
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
1/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
2/86
Cktnrgktabh fjne9
P^\BS WK\NS NAFHFMK CBH PNMGBHO^HBH
DBA^JSB\ NAFHFMK ^HKTNW\KSB\ \BMB_B
SBE^H 7023
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
3/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
4/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
6/86
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.
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
7/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
9/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
10/86
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.
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
11/86
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
22/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
24/86
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
27/86
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
28/86
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
29/86
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.
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
31/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
61/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
62/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
63/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
64/86
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.
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
65/86
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).
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
66/86
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;;
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
67/86
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
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
68/86
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.
7/26/2019 Jeb-jilid 2 No. 6 April 2014-Full
69/86
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