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I.I.
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The
Department of Disinvestment was set up vide Notification No. CD/551/99 dated
10.12.1999. The Department has been assigned the following work: |
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a)
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All
matters relating to disinvestment of Central Government equity from Central
Public Sector Undertakings. |
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b)
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Decisions
on the recommendations of the Disinvestment Commission on the modalities
of disinvestment, including restructuring. |
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c)
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Implementation
of disinvestment decisions, including appointment of advisers, pricing of
shares, and other terms and conditions of disinvestment. |
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d)
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Disinvestment
Commission. |
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e)
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Central
Public Sector Undertakings for purposes of disinvestment of Government equity
only. |
| I.II |
The
Secretary (Disinvestment) is also assisted by the Joint Secretaries of the
Administrative Ministries/Departments managing the PSUs under disinvestment
in their respective Ministries/Departments. The Joint Secretaries concerned
in the administrative Ministries are responsible to Secretary (Disinvestment)
for disinvestment work. The accountability of these officers has been ensured
by the mechanism of Annual Confidential Reports - one by the Secretary of
the Administrative Ministry/Department and the other by the Secretary (Disinvestment).
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| 1.III |
All
the disinvestment work of the Department is handled at Officers' level with
minimum supporting staff. |
Mandate
For
Organisational Structure Chart click here...