OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 10 Year No. 30 ADDIS ABABA 15 March 2004 CONTENTS Council of Ministers Regulation No. 97/2004 “ Agricultural Mechanization Service Enterprise establishment Council of Ministers Regulation Page 2589 COUNCIL OF MINISTERS REGULATION TO PROVIDE FOR THE ESTABLISHMENT OF AGRICULTURAL MECHANIZATION SERVICE ENTERPRISE . It is found necessary to re - establish Agricultural Mechanization Service Corporation as an Enterprise . Ethiopian Proclamation No.4 / 1995 and Art - 47 / 1 / ( a ) of the Public Enterprises Proclamation No. 25/1992 . 1. Short Title This Regulation may be cited as the “ Agricultural Mechanization Service Enterprise establishment Council of Ministers Regulation No 97 / 2004 . 2. Establishment 1 ) There is hereby established the Agricultural Mechanization Service Enterprise ( hereinafter referred to as the “ Enterprise " ) as a public Enterprise . 2 ) The Enterprise shall be governed by the Public Enterprises Proclamation No. 25/1992 . 3. Supervising Authority The Public Enterprise's Supervisory Authority shall be the supervising authority of the Enterprise . Unit Price The African Law Archive Head Office The Enterprise shall have its head office in Addis Ababa and may have branch offices elsewhere as may be necessary . 5. Objectives The objectives for which the Enterprise is established shall be , 1 ) To render agricultural mechanization services on rental bases : 2 ) To render agricultural machinery maintenance services on rental bases : 3 ) Making available for sale farm implements and spare parts from home and abroad : 4 ) Giving agricultural machineries and implements on rental bases ; 5 ) To render farm produce and farm inputs transpor tation services on rental bases : 6 ) To introduce the utilization of modern farm im plements by being the transmission belt of modern agricultral technology ; 7 ) Providing Training and Consultation Service on a better and effective utilization of farm machines in consideration : 8 ) To engage in any other related activities necessary for the attainment of its purposes . 6. Capital The authorized capital of the Enterprise shall be Birr 20.580.861.27 ( Twenty million five hundred eighty thousand eight hundred aixty one and cents twenty seven ) of which Birr 11.269,201.27 ( Eleven million two hundred sixty nine thousand two hundred one and cents twenty seven ) is paid up in cash and in kind . The Enterprise shall not be liable beyond its total assets . 8. Duration The Enterprise is established for an indefinite duration . Transfer of Rights and Obligations The rights and obligations of Agrcultural Mechanization Service Corporation established by Proclamation No.337 / 87 are hereby transferred to the Enterprise . 10. Effective Date This Regulation shall enter into force on the date of its Done at Addis Ababa this 1st day of March 2004 PRIME MINISTER OF THE GOVERNMENT OF THE FEDERAL DEMOCRATIC REPUBLICE OF ETHIOPIA The African Law Archive