WORK ALLOCATION

Cabinet Committee on Disinvestment (CCD)

1. The Government of Punjab vide notification no. 1/17/07-Cabinet/1553-65 dt. 24.4.07 has constituted the

Cabinet Committee on Disinvestment with the following members:-

1	Sardar Parkash Singh Badal, Chief Minister, Punjab	Chairman
2	Sh Tikshan Sud,. Local Govt., Industries & Commerce and Parliamentary Affairs Minister, Punjab,	Member
3	Sh. Ranjit Singh Brahmpura, Rural Dev. & Panchayats Minister, Punjab	Member
4	Dr. Upinderjit Kaur, Finance, Plg. & Prog. Implementation, Justice Wing of the Home Affairs & Justice Deptt. and Vigilance Minister, Punjab.	Member
5	Sh. Adesh Partap Singh Kairon, Food & Civil Supplies and Information & Technology Minister, Punjab	Member
6	Chief Secretary, Punjab	Member
7	Principal Secretary/Chief Minister, Punjab	Member
8	Financial Commissioner Taxation,   Punjab	Member
9	Secretary Planning, Punjab	Member
10	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 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.

1. The Directorate of Disinvestment will serve as the Secretariat for the Committee. The Directorate of Disinvestment

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.

2. 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.

3. Principal Secretary 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 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.