Eligibility criteria for persons to be considered for appointment as non-official Directors on the Boards of CPSEs

Eligibility criteria for persons to be considered for appointment as non-official Directors on the Boards of CPSEs

No. 9(15)/2012-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-110003.
Dated the 31st July, 2013.

OFFICE MEMORANDUM

Subject :     Eligibility criteria for persons to be considered for appointment as non-official Directors on the Boards of CPSEs.

    The undersigned is directed to state that the Appointments Committee of the Cabinet (ACC) has approved the proposal for laying down a limit of not more than 10 private companies (with the existing ceiling of not more than 3 for CPSEs remaining unchanged), a person can hold directorship for being considered for appointment as non-official Director in a CPSE.

2.    A copy of the revised eligibility criteria for persons who can be considered for appointment as non-official Directors on the Boards of CPSEs is enclosed. The enclosed criteria may be referred to while preparing the panel of names to be furnished to DPE for appointment of non-official Directors on the Boards of CPSEs and processing the recommendations of Search Committee for obtaining the approval of competent authority.

sd/-
(Umesh Dongre)
Director
Tel:2436-3066

source-http://dpe.nic.in/sites/upload_files/dpe/files/glch02b60_01082013.pdf