OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 6 Year No. 2 ADDIS ABABA - 22nd October , 1999 CONTENTS Council of Ministers Regulations No. 58/1999 Ethiopian Grain Trade Enterprise Re - establishment Council of Ministers Regulations .... Page 1171 COUNCIL OF MINISTERS REGULATIONS NO.58 / 1999 . COUNCIL OF MINISTERS REGULATIONS TO PROVIDE FOR THE RE - ESTABLISHMENT OF THE ETHIOPIAN GRAIN TRADE ENTERPRISE of Ethiopia Proclamation No. 4/1995 and Article 47 / 1 / ( d ) of the Public Enterprises Proclamation No.25 / 1992 . 1. Short Title These Regulations may be cited as the " Ethiopian Grain Trade Enterprise Re - establishment Council of Ministers Regulations No. 58/1999 . ” 2. Re - Establishment 1 ) The EThiopian Grain Trade Enterprise ( hereinafter " the Enterprise ' ' ) is hereby amalgamated with the Ethiopian Oil Seeds and Pulses Export Corporation and re - established as a public enterprise . 2 ) The Enterprise shall be governed by the public Enterpirses Proclamation No. 25/1992 . 3. Supervising Authority A body to be designated by the Government shall be the supervising authority of the Enterpirse . Unit Price The African Law Archive - No.2 22 October , 1999 - Page 1172 4. Head Office The Enterprise shall have its head office in Addis Ababa and may have branch offices elsewhere as may be necessary . 5. Purposes The purposes for which the Enterpirse is established are : 1 ) to purchase grain from farmers and sell in local and mainly in export markets ; 2 ) to contribute towards the stablization of markets for farmers ' produces so that they will be encouraged to increase their outputs . 3 ) to engage in other related activities conducive to the attainment of its purposes . 6. Capital The authorized capital of the Enterprise shall be Birr 112,012,454 ( One hundred twelve million twelve thousand four hundred fifty four Birr ) of which Birr 105,047,079 ( One hundred five million fourty seven thousand seventy nine Birr ) is paid up in cash and in kind . 7. Liability The Enterprise shall not be liable beyond its total assets . 8. Duration The Enterprise is established for an indefinite duration . 9. Repeal The Ethiopian Grain Trade Enterprise Establishment Council of Ministers Regulations_No.104 / 1992 is hereby repealed . 10. Transfer of Rights and Obligations The rights and obligations of the Ethiopian Grain Trade Enterprise established under Regulations No. 104/1992 and the Enterprise known as the Ethiopian Oil Seeds & Pulses Export Corporation are hereby transferred to the Enterprise . 11. Effective Date These regulations shall enter into force on the date of Done at Addis Ababa , thiş 22nd day of October , 1999 . PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA The African Law Archive