Saturday, 15 October 2016

Receipt of Monetary Benefits in form of Sitting Fees, Bonus, Share in Profit, Stock Options by the Employees of CPSEs

Receipt of Monetary Benefits in form of Sitting Fees, Bonus, Share in Profit, Stock Options by the Employees of CPSEs

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
Sd/-
(P K Jaiswal)
Under Secretary to the Govt. of India
Ph. 23093175
Source:- www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/44011_9s_2016-Estt.B-07102016.pdf]

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