The Department of Disinvestment was set up as a separate Department on 10thDecember,1999 and was later renamed as Ministry of Disinvestment from 6thSeptember,2001. From 27th May, 2004, the Department of Disinvestment is one of the Departments under the Ministry of Finance.

 
 

ALLOCATION OF WORK (as on date)

1.       1.  (a) All matters relating to disinvestment of Central Government equity    from Central Public Sector Undertakings,

(b)All       (b) All matters relating to sale of Central Government equity through offer for      sale or     private placement in the erstwhile Central Public Sector Undertakings*

(inserted through amendment Notification dated 28th June, 2007)

2.       2.     Decisions on the recommendations of the Disinvestment Commission on the modalities of disinvestment, including restructuring.

3.       3.     Implementation of disinvestment decisions, including appointment of advisers, pricing of shares, and other terms and conditions of disinvestment.

4.      Disinvestment Commission;

5.       5.     Central Public Sector Undertakings for purposes of disinvestment of   Government equity   only.

6.       6.    Financial Policy in regard to the utilization of the proceeds of disinvestment channelized into the National Investment Fund.

(inserted through amendment dated 12th January, 2006 to the Allocation of Business Rules)

 

 

 

* Note:       All other post disinvestment matters, including those relating to and arising out of the exercise of Call option by the Strategic partner in the erstwhile Central Public Sector Undertakings, shall continue to be handled by the administrative Ministry or Department concerned, where necessary, in consultation with the Department of Disinvestment.