PSU – Restrictions on top level executives of Central Public Sector Enterprises (CPSEs) joining private commercial undertakings after retirement

Restrictions on top level executives of Central Public Sector Enterprises (CPSEs) joining private commercial undertakings after retirement

No.2(22)/99-GM
Government of India
Ministry of Heavy Industries & Public Enterprises
Department of Public Enterprises

Public Enterprises Bhawan,
Block No. 14, CGO Complex,
Lodhi Road. New Delhi-110 003
Dated : 7th, Jaunary, 2012

OFFICE MEMORANDUM

Subject: Restrictions on top level executives of Central Public Sector Enterprises (CPSEs) joining private commercial undertakings after retirement.

The undersigned is directed to refer to this Department’s O.M. of even number dated 15th May, 2008 (copy enclosed) on the subject mentioned above.

2. The Government has reviewed the position regarding time limit of 30 days for concerned administrative Ministry / Department to communicate the decision on the application(s) seeking permission to accept any appointment/post after retirement in view of the fact that in many cases, a functional Director/CMD would have worked in more than one CPSE during the last five years preceding the retirement and therefore the concerned administrative Ministry / Department would require more than 30 days to consider all aspects/factors as brought out in OM. dated 15th May, 2008 before arriving at a final decision on such applications. It has accordingly been decided to revise Para 7 of the DPE O.M. dated 15th May, 2008 laying down time limits to read as follows.

“The administrative Ministry / Department shall normally take a final decision on the application for granting permission to accept any appointment/post after retirement and communicate the same to the applicant within a period of 30 days from the date of receipt of the application complete in all respects. In case no decision is communicated within 60 days, the applicant may take up the assignment presuming that the permission has been granted”.

3. All the administrative Ministries/Departments are requested to take note of the above guidelines while processing application of jop level executives of CPSEs for post retirement employment and also bring the contents of these guidelines to the notice of the CPSE(s) under their respective administrative control.

sd/-
(Umesh Dongre)
Director

Source : www.dpe.nic.in
[http://dpe.nic.in/sites/upload_files/dpe/files/glch02b58_08012013.pdf]