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”.
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.
Prime Minister of the Federal DemocratiC Republic of Ethiopia