Ethiopian Agricultural Commodities Warehousing Service Enterprise Dissolution Council of Ministers Regulation No. 404-2017

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 17^th day of May 2017.

 

Hailemariam   Dessalegn

 

Prime Minister of the Federal DemocratiC  Republic of Ethiopia