COUNCIL OF MINISTERS REGULATION No.404 /2017
Council of
Ministers Regulation TO provide
FOR DISSOLUSSION of THE ETHIOPIAn AGRICULTURAL COMMODITIES WAREHOUSING SERVICE ENTERPRISE
This Regulation is issued by the Council of Ministers pursuant to Article 5 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No.916/2015 and Article 47 (1)(c) of the Public Enterprises Proclamation No. 25/1992.
1. Short Title
This Regulation may be cited as the “Ethiopian Agricultural Commodities
Warehousing Service Enterprise Dissolution Council of Ministers Regulation No.
404/2017”.
2. Dissolution
The
Ethiopian Agricultural Commodities Warehousing Service Enterprise established
under Regulation No.331/2014 is hereby dissolved.
3. Transfer of
Rights and Obligations
The rights and obligations of the Ethiopian Agricultural Commodities
Warehousing Service Enterprise are hereby transferred to the Ethiopia Commodity
Exchange.
4. Transitory provision
1/ Notwithstanding
of sub-article (2) of this Regulation the process of transfer of rights and
duties shall finalized up to July 01,
2017.
2/ The Board of
Directors of the Ethiopian Commodity Exchange shall
manage the transition.
5.
Effective Date
This
Regulation shall enter into force on the date of publication in the Federal Negarit
Gazette.
››Done at Addis
Ababa, this 17th day of May 2017.
Hailemariam
Dessalegn
Prime
Minister of the Federal DemocratiC
Republic of Ethiopia
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