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Damodar Valley Corporation (Appointment of Financial Adviser) Rules 2005

The Damodar Valley Corporation (Appointment of Financial Adviser) Rules 2005

Published vide Notification No. G.S.R. 518(E), dated 3rd August, 2005

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Ministry of Power

G.S.R. 518(E). - In exercise of the powers conferred by Section-7, sub section-(a) of the Damodar Valley Corporation Act 1948 XIV of 1948 the Central Government hereby makes the following rules regulating the appointment of Financial Advisor (FA), Damodar Valley Corporation (DVC), a Corporation under the Ministry of Power, namely:-

  1. Short title and commencement.- (1) These rules may be called the Damodar Valley Corporation (Appointment of Financial Adviser) Rules 2005.

(2) They shall come into force on the date of their publication in the Official Gazette.

  1. Number of post, classification and scale of pay.- The number of post, its classification and the scale of pay attached thereto shall be as specified in columns 2 to 4 of the Schedule annexed to these rules.
  2. Method of recruitment, age, qualification etc.- The method of recruitment to the said post, age limit, qualification and other matters relating thereto shall be as specified in columns 5 to 14 of the said Schedule aforesaid.
  3. Disqualification.- No person shall be eligible for appointment to the said post:

(a) Who has entered into or contracted a marriage with a person having a spouse living; or

(b) Who having a spouse living, has entered into or contracted a marriage with any person,

Provided that the Central Government may, if satisfied that such marriage is permissible under the personal law applicable to such person and the other party to the marriage and that there are other grounds for so doing, exempt any person from the operation of this rule.

  1. The conditions of service for which the provisions have not been made in these rules, including entitlement of leave salary, leave travel concession traveling allowances, medical facilities, shall be such as are admissible to a Group 'A' officer of the corresponding status in the Central Government.
  2. Power to relax.- Where the Central Government is of the opinion that it is necessary or expedient so to do, it may, by order, for reasons to be recorded in writing, relax any of the provisions of these rules with respect to any class or category of persons.
  3. Savings.- Nothing in these rules shall affect reservations, relaxation of age limit and other concessions required to be provided for the Schedule Castes, the Scheduled Tribes and other special categories of persons in accordance with the orders issued by the Central Government from time to time in this regard.

Schedule

Name of the post No. of post Classification Scale of pay Whether Selection or Non-selection Post Whether benefit of added years of service Admissible Under Rule 30 of the Central Civil Service (Pension)
(1) (2) (3) (4) (5) (6)
Financial Adviser 1 (one) Group A Rs. 18,400 – 22,400 Selection Not applicable
Age limit for direct recruits Educational and other qualification required for direct recruit Whether age and education qualification prescribed for direct recruits will apply in the case of promotee Period of probation, if any Method of recruitment whether by direct recruitment or by promotion or by deputation or transfer and percentage of the vacancies to be filled by various methods
(7) (8) (9) (10) (11)
Not applicable Not applicable Not applicable Not applicable By deputation
In case of recruitment by promotion or deputation or transfer, grades from which Promotion or deputation or transfer to be made If Departmental Promotion Committee exists, what is composition Circumstances in which Union Public Service Commission is to be consulted in making recruitment
(12) (13) (14)
Deputation – The Officers of Central or State Government holding a post not below the Rank of Director to the Government of India. Desirable – Experience in administrative financial and budgetary matters. Period of deputation – The term of office of Financial Adviser shall be five years from the date on which he joins the post in Damodar Valley Corporation. Search-cum-Selection Committee Consultation with Union Public Service Commission not required
(i) Secretary, Ministry of Power (ii) Chairman, Damodar Valley Corp. (iii) Chairman, Central Electricity (iv) Representatives of Deptt. of Public Enterprises (not below the rank of Addl. Secy) (v) Representative of Department of Expenditure (not below the rank of Additional Secretary -Chairman -Member -Member

-Member

-Member