REGISTERED No. D-(D)-72
The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No 22] NEW DELHI, MONDAY, JANUARY 31,1977/MAGHA 11,1898
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OP FINANCE
(Department of Expenditure)
Bureau of Public Enterprises
RESOLUTION
New Delhi, the 31st Januaiy 1977
No, 4/6/17-BPE(IMP).—The Government of India have in the context of the new managerial policy for manning posts in the Public Enterprises decided to abolish the Industrial Management Pool constituted vide the Ministry of Home Affairs Resolution No F 21 (12)-EO/56, dated the 12th November, 1957. All posts included in the Industrial Management Pool will stand abolished from the after- noon of 31st of March, 1977 and all appointments to the Pool shall stand terminated from that date
2 As the services of officers of the Industrial Management Pool stand terminated in pursuance of this order with effect from the afternoon of 31st of March, 1977, they shall be eligible for the following benefits —
(1) Officers of the Industrial Management Pool shall be absorbed in the particular enterprises in which they are working as on 31st March, 1977 on the following terms' —
(a) Pay scales as applicable to the posts held by them as on 31st March, 1977;
(131)
l*& THE GAZETTE OF INDIA EXTRAORDINARY PART I—SFC i(b) All other service conditions in accordance with the regulations of the
Company,
(c) Pro-rata pension and gratuity with commutation rights, carry-forward of leave and provident fund and family pension as applicable to the Central Government servants who have opted for absorption in Public Enterprises in terms of the Government orders on the subject; and
(d) In addition to pro-rata pension and gratuity allowed under (c) above, notional service not exceeding the remaining period upto the date of normal superannuation or l/4th of the length of actual Government service of the officer or 5 years, whichever is least, shall be added for the purpose of calculating retiring pension and death-cum-ietirement gratuity
(ii) Industrial Management Pool officers who are presently holding posts outside the Public Enterprises shall be absorbed in the Public Enter- prises in which they last served and In a giade not lower than their grade in the Industrial Management Pool on 31st March, 1977. They Will be considered to be holding their present posts on deputation from such Enterprises; and
(in) Such of the Industrial Management Pool officers, as arc holding posts of Chief Executives and Board level posts shall be offered contractual appointments at the Board level according to the normal terms applicable to such posts In the event of such a contract not being renewed and the officei not having attained the age of superannua- tion, he shall be offered an option of accepting suitable placement in the Public Enterprise concerned in an advisory or other capacity without loss of pay
3. In the case of an officer not willing to be absorbed in the Public Enterprise concerned in terms of this Resolution, he will be granted pension and gratuity as Indicated in Para 2(i) (c) and (d) above
4. In accordance with the above decision all officers of the Industrial Manage- ment Pool will be required to communicate in the form specified, whether they are willing to be absorbed in the Public Enterprises concerned, failing which they shall be entitled to only the terminal benefits as detailed in Para 2(i)(c) and (d) above.
ORDER
Ordered that the Resolution be published m the Gazette of India Extraordinary- Part I, Section 1.
Ordered also that a copy of the Resolution be communicated to all Ministries/ Departments of the Government of India and the Public Enterprises of the Government of India for implementation
G, RAMACHANDRAN", Secy.
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