Receipt of monetary benefits in the form of sitting fees, bonus, share in profits, stock options etc by the employees of CPSE

Receipt of monetary benefits in the form of sitting fees, bonus, share in profits, stock options etc by the employees of CPSE

Receipt of monetary benefits in the form of sitting fees, bonus, share in profits, stock options etc by the employees of CPSEs (Including Chief Executive and Functional directors) and Government officers nominated as part-time Directors on the Boards of CPSEs, subsidiary/joint Venture of CPSEs and any other companies

F.No.44011/9(s)/2016-Estt.(B)
GOVT. OF INDIA
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training
(Estt. (B) Section)

North Block, New Delhi
Dated the 7th October, 2016

Office Memorandum

Subject: Receipt of monetary benefits in the form of sitting fees, bonus, share in profits, stock options etc by the employees of CPSEs (Including Chief Executive and Functional directors) and Government officers nominated as part-time Directors on the Boards of CPSEs, subsidiary/joint Venture of CPSEs and any other companies”.

The undersigned is directed to say that vide OM No. 2(15)/06- DPE (WC)-GL-XV/08 dated 17.11.2008 (copy enclosed), D/o Public Enterprises has issued clarification regarding “receipt of monetary benefits in the form of sitting fees, bonus, share in profits, stock options etc by the employees of CPSEs (including Chief Executive and Functional directors) and Government officers nominated as part-time Directors on the Boards of CPSEs, subsidiary/Joint Venture of CPSEs and any other companies”.

2. All Ministries/Departments are requested to circulate the said OM of Department of Public Enterprises for wide awareness amongst its officers and also ensure compliance of the instructions.

Encl: As above

(P K Jaiswal)
Under Secretary to the Govt. of India