Government Of India Department Of Personnel or Training Public Enterprises Selection Board

Government Of India Department Of Personnel or Training Public Enterprises Selection Board

Government Of India Department Of Personnel or Training Public Enterprises Selection Board

No. : 7/43/2021-PESB

Block No. 14, C.G.O Complex, Lodhi Road

New Delhi- 110003

Dated : 24/09/2021

Government Of India Department Of Personnel or Training Public Enterprises Selection Board

Name Of The CPSEMahanadi Coalfields Ltd.
Name Of The Post Director(Finance)
Date Of Vacancy01/08/2022
Apply online Date03/12/2021
Schedule Of The CPSESchedule B
Scale Of The PostRs. 160000-290000 (IDA)

I. COMPANY PROFILE

Mahanadi Coalfields Limited (MCL) a wholly owned subsidiary of Coal India Limited (CIL) was
incorporated under the Indian Companies Act, 1956 with the objective to acquire and take over
any of the business activities carried on by the CIL and/or by its subsidiaries with all the associated
assets, liabilities, obligations and current contracts especially in the Orissa region from South
Eastern Coalfields Ltd. and to carry on in India or elsewhere the trade or business of coal mining
including the management of coal mines either independently or for and on behalf of or under the
direction of CIL, the Central Government or any State Government as custodian, receiver or in any
similar capacity. MCL is a schedule ‘B’ Miniratna CPSE in Coal and Lignite sector under the
administrative jurisdiction of Ministry of Coal.
Its Registered and Corporate offices are at Sambhalpur, Odisha.
The authorized and paid up capital of the Company was Rs. 980 crore and Rs.661.84 crore
respectively as on 31.08.2021.
The company employed 21869 regular employess [Executives 1718, Non-executives 20151] as on
31.08.2021.

II. JOB DESCRIPTION AND RESPONSIBILITIES

The Director (Finance) is a member of Board of Directors and reports to the Chairman and
Managing Director. He/She is overall in charge of finance and accounts functions of the

organization and is responsible for evolving and formulating finance policies as well as
implementation thereof.

III. ELIGIBILITY

1. AGE : On the date of occurrence of vacancy (DOV)

Age of superannuation 60 years
InternalOthers
MinimumMaximumMinimumMaximum
402 years residual service as on
the date of vacancy w.r.t. the
date of superannuation
403 years residual service as on
the date of vacancy w.r.t. the
date of superannuation.

2. EMPLOYMENT STATUS:

The applicant must, on the date of application, as well as on the date of interview, be employed
in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings :-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the
Board of a CPSE);

(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 1000 crore or
more;
(d) Private Sector in company where the annual turnover is *Rs 1000 crore or more.
Preference would be given to candidates from listed Companies.
(* The average audited annual turnover of three financial years preceding the calendar year in
which the post is advertised shall be considered for applying the approved limits)

3. QUALIFICATION:

(i) The applicant should be a Chartered Accountant or Cost Accountant or a full time
MBA/PGDM course with finance specialization with good academic record from a recognized
University/Institution. Preference would be given to Chartered Accountant.
(ii) Officers of Organized Group ‘A’ Accounts Services [i.e. Indian Audit and Accounts Service,
Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts
Service, Indian P&T Accounts & Finance Service and Indian Cost Accounts Service] working in
the appropriate level are exempted from these educational qualifications.
(iii) Further, applicants from the Central Govt./Armed Forces of the Union/All India Services, will
also be exempted from the educational qualifications as per (i) above provided the applicants
have ‘the relevant experience’ as mentioned in Para 4(iii) below.
In respect of applicants from Organized Group ‘A’ Accounts Services/Central
Government/Armed Forces of the Union/All India Services, Chartered Accountant/Cost
Accountant/MBA/PGDM will be a desirable educational qualification.

4. EXPERIENCE:

(i) The applicant should have at least five years of cumulative experience at a senior level
during the last ten years in the area of Corporate Financial Management/Corporate Accounts in

an organization of repute.
(ii) Applicants from Organized Group ‘A’ Accounts Services should have at least five years
cumulative experience at a senior level during the last ten years in the area of Corporate
Financial Management/ Corporate Accounts.
(iii) ‘The relevant experience’ in respect of applicants from Central Government/Armed Forces
of the Union/All India Services would include at least seven years of cumulative experience at a
senior level during the last ten years in the area of Corporate Financial Management/ Corporate
Accounts.

5. PAY SCALE:

a)Central Public Sector Enterprises-

Eligible Scale of Pay

(i) Rs. 6250-7475 (IDA) Pre 01/01/1992
(ii) Rs. 8520-10050 (IDA) Post 01/01/1992
(iii) Rs. 18500-23900 (IDA) Post 01/01/1997
(iv) Rs. 43200-66000 (IDA) Post 01/01/2007
(v) Rs. 100000-260000 (IDA) Post 01.01.2017
(vi) Rs. 14300-18300 (CDA) Pre-revised
(vii) Rs. 37400-67000 + GP 8700 (CDA)
(viii) Rs. 123100-215900 (Level 13) CDA

The minimum length of service required in the eligible scale will be one year for internal
candidates, and two years for others as on the date of vacancy.

(b)
(i) Applicants from Central Government / All India Services should be holding a post of
the level of Director in Government of India or carrying equivalent scale of pay on the date
of application.
(ii) Applicants from the Armed forces of the Union should be holding a post of the level
of Brigadier in the Army or equivalent rank in Navy/Air Force on the date of application.

(c)
Applicants from State Public Sector Enterprises/ Private Sector should be working at
Board level position or at least a post of the level immediately below the Board level on the
date of application.

6. CONDITION OF IMMEDIATE ABSORPTION FOR CENTRAL GOVERNMENT OFFICERS

Central Government Officers, including those of the Armed Forces of the Union and the All
India Services, will be eligible for consideration only on immediate absorption basis.

IV. DURATION OF APPOINTMENT

The appointment shall be for a period of five years from the date of joining or upto the date of
superannuation or until further orders, whichever is earlier.

V. SUBMISSION OF APPLICATIONS
Applicants should submit their applications online only as per the format.

1. The applicants should submit their applications through proper channel as follows:
(a) Government Officers, including those of the Armed Forces of the Union and All India Services:
through Cadre Controlling authority.
(b) CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry.
(c) Below Board level in CPSE: through the concerned CPSE.
(d) CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary
and Cadre Controlling Authority, if any, of the State Government.
(e) Below Board level in SPSE: through the concerned SPSE.
(f) Private Sector: directly to the PESB.
2. Applicants from Private Sector must submit the following documents along with the
application form:
(a) Annual Reports of the Company for the last 3 years preceding the calendar year in which the
post was advertised (please provide URL or attach/enclose);
(b) Whether the company is listed or not; if yes, the documentary proof (please provide URL or
attach/enclose);
(c) Evidence of working at Board level or at least a post of the level immediately below the Board
level;
(d) Self-attested copies of documents in support of age and qualifications;
(e) The relevant Jobs handled in the past with details

VI. UNDERTAKING BY THE APPLICANT

An applicant has to give an undertaking as a part of the application that he/she will join the post, if
selected. If an applicant does not give such undertaking, the application would be rejected.

1. For candidates from Central Government/Armed Forces of the Union/ All India Services

(a) The appointment is on immediate absorption basis.
(b) If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be
debarred for a period of two years from the date of interview, for being considered for a Board
level post in any CPSE.
(c) Further, if a candidate conveys his/her unwillingness to join after the issue of offer of
appointment, he/she would be debarred for a period of two years from the date of offer of
appointment for being considered for a Board level post in any CPSE.

2. For candidates from CPSE

(a) If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be
debarred for a period of two years from the date of interview, for being considered for a Board
level post in any CPSE other than the one to which the candidate belongs.
(b) Further, if a candidate conveys his/her unwillingness to join after the issue of offer of
appointment, he/she would be debarred for a period of two years from the date of offer of
appointment for being considered for a Board level post in any CPSE other than the one to which
the candidate belongs.

3. For candidates from SPSE/Private Sector

(a) If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be
debarred for a period of two years from the date of interview, for being considered for a Board
level post in any CPSE.

(b) Further, if a candidate conveys his/her unwillingness to join after the issue of offer of
appointment, he/she would be debarred for a period of two years from the date of offer of
appointment for being considered for a Board level post in any CPSE.
4. In the above cases, no request for relaxation or otherwise would be entertained.

How To Check    –    Click Hare7-43-2021-PESB_2

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