Department of Disinvestment, Ministry of Finance, Govt. of India

25 May 2013 4:01:48 PM

The Department of Disinvestment was set up as a separate Department on 10 December 1999 and was later renamed as Ministry of Disinvestment from 6 September 2001.
 
From 27 May 2004, the Department of Disinvestment is one of the Departments under the Ministry of Finance.
 
Mandate 
As per the present Allocation of Business rules, the mandate of the Department is as follows:
1. a.

All matters relating to disinvestment of Central Government equity from Central Public Sector Enterprises (CPSEs).
b. All matters relating to sale of Central Government equity through offer for sale or private placement in the erstwhile CPSEs
(inserted through amendment Notification dated 28 June 2007).

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 CPSEs, shall continue to be handled by the administrative Ministry or Department concerned, where necessary, in consultation with the Department of Disinvestment.
2.

Decisions on the recommendations of the Disinvestment Commission on the modalities of Disinvestment, including restructuring.
3.

Implementation of disinvestment decisions, including appointment of advisers, pricing of shares, and other terms and conditions of disinvestment.
4.

Disinvestment Commission.
5.

CPSEs for purposes of disinvestment of Government equity only.
6.

Financial Policy in regard to the utilization of the proceeds of disinvestment channelized into the National Investment Fund (inserted through amendment dated 12 January 2006 to the Allocation of Business rules)

Feedback
Disclaimer
Site Map
© Department of Disinvestment, 2013
Site best viewed at 1024*768 resolution on Internet Explorer 7.0+
Website Designed by Prime Database