Proclamation No. 181/1999 Transfer of the Monopoly Right of the National Tobacco Enterprise to the National Tobacco Enterprise (Ethiopia) Share Company Proclamation | GOALGOOLE | Because you need Information for your goals !
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Proclamation No. 181/1999 Transfer of the Monopoly Right of the National Tobacco Enterprise to the National Tobacco Enterprise (Ethiopia) Share Company Proclamation

FEDERAL NEGARIT GAZETA  OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA  6th Year No. 3 Addis Ababa – 18th November. 1999

PROCLAMATION NO. 181/1999
A PROCLAMATION TO PROVIDE FOR THE TRNASFER OF THE MONOPOLY RIGHT OF THE NATIONAL TOBACCO ENTRPRISE TO THE NATIONAL TOBACCO ENTERPRISE (ETHIOPIA) SHARE COMPANY

WHEREAS, the National Tobacco Enterprise has been partially privatized and converted into a share company;
WHEREAS, it has become necessary to transfer the monopoly right of the National Tobacco Enterprise, as stipulated by its establishment proclamation, to the National Tobacco Enterprise (Ethiopia) Share Company;

NOW, THEREFORE, in accordance with Article 55(1) of the constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:

1.    Short Title
This Proclamation may be cited as the “Transfer of the Monopoly Right of the National Tobacco Enterprise to the National Tobacco Enterprise (Ethiopia) Share Company Proclamation  No. 181/1999.”

2.    Transfer of Monopoly Right
1.    The Monopoly right of the National Tobacco Enterprise in respect of the purchase, preparation, manufacture, sale, import and export of tobacco and tobacco products, as stipulated in Article 2 and 9 of its establishment proclamation No. 37/1992, is hereby transferred to the National Tobacco Enterprise (Ethiopia) Share Company.
2.    The relevant provisions of Articles 10-13 of Proclamation No. 37/1992 shall remain in force and apply to the enforcement of the monopoly right transferred to National Tobacco Enterprise (Ethiopia) Share Company pursuant to Sub-Article (1) of this Article.

3.    Effective Date
This Proclamation shall enter into force as of the date of registration of the National Tobacco Enterprise (Ethiopia) Share Company in the commercial register and shall remain in force at least for 10 years thereafter.
Done at Addis Ababa this 18th day of November, 1999.

NEGASO GIDADA (DR.)
PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA