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

No. 2(22)/99-GM

Government of India

Ministry of Heavy Industries and Public Enterprises

Department of Public Enterprises

Block No.14, CGO Complex,

Lodi Road, New Delhi-110003

Dated the 7th January, 2013 

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 O.M. 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.

3. All the administrative Ministries/ Departments are requested to take note of the above guidelines while processing application of top 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