COUNCIL OF MINISTER REGULATION NO. 99/2004
ETHIOPIAN TELECOMMUNICATIONS CORPORATION ESTABLISHMENT /AMENDMENT/ REGULATIONS
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. 4/1995 and Article 47(4) of the Public Enterprises Proclamation No. 25/1992.
1. Short Title
This Regulation may be cited as “Ethiopian Telecommunications Corporation Establishment Regulations /Amendment/ Council of Ministers Regulation No. 99/2004.”
The Ethiopian Telecommunications Corporation Establishment Council of Minister Regulation no. 10/1996 is hereby amended as follows:
Article 6 is repeated by the following new Article 6:
“6. The authorized capital of the corporation is Birr 5,200,000,000 (five billion two hundred million Birr) of which Birr 1,832,838,762 (one billion eight hundred thirty two million eight hundred thirty eight thousand seven hundred sixty two Birr) is paid up in cash and in kind.”
3. Effective Date
This Regulation shall enter into force on the date of its publication in the Federal Negarit Gazeta.
Done at Addis Ababa, this 1st day of March, 2004
PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA