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Tea Production and Marketing Enterprise Establishment Council of Ministers Regulations No. 28-1998

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OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 4 Year No. 19 ADDIS ABABA - 20 Feb , 1998 CONTENTS Council of Ministers Regulations No. 28/1998 Tea Production and Marketing Enterprise Establish ment Council of Ministers Regulations Page 685 COUNCIL OF MINISTERS REGULATIONS No. 28/1998 COUNCIL OF MINISTERS REGULATIONS TO PROVIDE FOR THE ESTABLISHMENT OF THE TEA PRODUCTION AND MARKETING ENTERPRISE These Regulations are 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. 4/1995 and Article 47 ( 1 ) ( a ) of the Public Enterprises Proclamation No. 25/1992 . 1. Short Title These Regulations may be cited as the Tea Production and Marketing Enterprise Establishment Council of Ministers Regulations No. 28/1998 . " 2. Establishment 1 ) There is hereby established the Tea Production and Marketing Enterprise ( hereinafter ' the Enterprise ' ) as a public enterprise . Unit Price 2.30 The African Law Archive * No. 19 20 February , 1998 – Page 686 2 ) The Enterprise shall be governed by the Public Enter 3. Supervising Authority A body to be designated by the Government shall be the supervising authority of the Enterprise . 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 Enterprise is established are : 1 ) to engage in the processing of tea ; 2 ) to engage in the marketing of processed tea ; 3 ) to engage in any other related activities conducive to the attainment of its purposes . 6. Capital The authorized Capital of the Enterprise is Birr 22,928,000 ( twenty two million nine hundred twenty eight thousand Birr ) of which Birr 11,463,686 ( eleven million four hundred sixty three thousand six hundred eighty six Birr ) is paid up in cash and in kind . 7. Liability The Enterprise shall not be held liable beyond its total assets . Duration The Enterprise is established for an indefinite duration . Effective Date These Regulations shall enter into force on the date of their Done at Addis Ababa this 20h day of February , 1998 . PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA * The African Law Archive

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