Deposit any addl monetary benefits from CPSEs: Centre to staff

All employees working in Central Public Sector Enterprises (CPSEs) need to deposit any additional monetary benefits they get in the form of sitting fees, bonus, share in profit and stock options etc with the government. 

In a latest directive issued by Department of Personnel and Training (DoPT), all administrative ministries have been asked to create awareness amongst their employees in this regard. The DoPT has also sent a set of directives issued by Department of Public Enterprises (DPE) in November, 2008 asking all the ministries concerned to ensure its compliance.

“In case, any monetary benefits in the form of sitting fees, bonus, share in profits, stock options, etc are received by the employees of CPSEs (including Chief Executive and Functional Director) from their subsidiary or joint venture and any other companies, the same are required to be deposited with the CPSE that has nominated him or her as part-time director in such companies,” the DPE instructions read. The whole time of a government officer or CPSE employee (including Chief Executive and Functional Director) is at the disposal of the government or CPSE, which pays him or her.