Cabinet Sub Committee
on Disinvestment (CCD)
1.
The Government of Punjab vide notification no.
1/17/07-3 Cab/2740 dt. 25.7.2012 has constituted the
Cabinet Sub Committee on Disinvestment with the following members:-
|
1
|
Sardar Sukhbir
Singh Badal, Dy. Chief Minister, Punjab
|
Chairman
|
|
2
|
Bhagat Chuni
Lal, Local Govt. Minister, Punjab
|
Member
|
|
3
|
Sh. Adesh Partap
Singh Kairon, Food & Civil Supplies Minister, Pb.
|
Member
|
|
4
|
S. Parminder
Singh Dhindsa, Finance, Minister, Punjab.
|
Member
|
|
5
|
Sh.
Anil Joshi, Industries & Commerce, Minister,
Punjab
|
Member
|
|
6
|
S.
Surjit Singh Rakhra,
Rural Dev. & Panchayat Minister, Punjab
|
Member
|
|
7
|
Principal
Secretary Finance, Punjab
|
Convenor
|
2.
The functions of the Cabinet Committee will be as follows:-
Ø To consider the advice
of the Core Group of Secretaries regarding policy issues
relating to
the disinvestment programme.
Ø To decide the price
band for the sale of Government shares through GDR/domestic capital
market
route prior to the book building exercise, and to decide the final price of
sale in all cases.
Ø To decide the final
pricing of the transaction and the strategic partner in case of strategic
sales.
Ø To decide on cases
where there is disagreement between the recommendations of the Disinvestment
Commission
and the views of the Directorate of Public Enterprises & Disinvestment,
Department of Finance.
Ø To approve the
three-year rolling plan and the annual programme of
disinvestment every year.
Ø To decide the final
pricing of the transaction and successful bidder in case of sale through
sealed bid
auction procedure.
- The
Directorate of Public Enterprises & Disinvestment will serve as the
Secretariat for the Committee.
The Directorate will draw up
proposals on the basis of recommendations of the Core Group to be chaired by
the Chief Secretary,
and put up to the Committee for
its consideration. The Committee has been empowered by the Council of Ministers
to
take final decisions on issues
presented before it.
- While
discussing various measures and at the time of final decision on
proposals, this Sub-Committee in its discretion
can include any Member of the
Council of Ministers, especially the Minister-in-charge of the concerned
Department.
- Principal
Secretary Finance and Disinvestment will be the Convener of this
Committee.
Committee of Core
Group of Officers on Disinvestment (CGD)
1.
The Government of Punjab has also constituted vide its notification No.
10(7)3/02-5FE4/Spl dated 12th July, 2002,
Core Group of Officers Committee with
the following members:-
|
1
|
Chief Secretary, Punjab
|
Chairman
|
|
2
|
Principal Secretary Finance
|
Member
|
|
3
|
Principal Secretary to
Chief Minister, Punjab.
|
Member
|
|
4
|
Administrative
Secretary of the concerned Department
|
Special Invitee
|
|
5
|
Managing Director of the
concerned PSU
|
Special Invitee
|
|
6
|
Director Public Enterprises & Disinvestment
|
Member/Convenor
|
2.
The functions of the Core Group will be as follows :-
Ø The Core Group shall
directly supervise the implementation of the decisions of all strategic sales;
Ø The Core Group shall
monitor the progress of implementation of the decisions of the Cabinet Sub
Committee;
Ø The Core Group shall
make recommendations to the Cabinet Committee on Disinvestment on disinvestment
policy matters.