Encashment of Leave to be granted to Railway Servants on their appointment in Central Public Enterprises - ALLCGNEWS

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11 November 2011

Home LEAVE ENCASHMENT RAILWAY Encashment of Leave to be granted to Railway Servants on their appointment in Central Public Enterprises

Encashment of Leave to be granted to Railway Servants on their appointment in Central Public Enterprises

Government of India
Ministry of Railways
Railwayboard
No. F(E)III/2008/LE-1/2                                                                               New Delhi, Dated 27.10.11
The GMs/ FA&CAOs,
All India Railways/Production Units


Subject : Encashment of Leave to be granted to Railway Servants on their appointment in Central Public Enterprises

   In exercise of the powers conferred by the provision to article 309 of the Constitution, the President is pleased to direct that the Rule550(F) of Indian Railways Establishment Code Vol I,(1985 Edition)(Third Re-Printed Edition 2008) be amended as in the Advance Correction Slip No. 119 attached

Indian Establishment Code, Volume-I,
Fifth Edition-1985(Third Reprint Edition-2008)
Advance Correction Slip No.119
1.550-F may be subsitituted with the following...
"(F) In case of permanent absorption In Public Sector Undertaking/Autonomous body wholly or substantially owned or controlled by the Central/State Government:

   A railway servant who has been permitted to be absorbed in a service or post ¡n or under a Corporation or Company wholly or substantially owned or controlled by the Central Government or State Government or in or under a body controlled or financed by one or more than one such Government shall be granted, suo moto, by the authority competent to grant leave cash equivalent of leave salary in respect of both leave on average pay and leave on half average pay, if any, at the credit of the Railway servant on the date of absorption subject to a maximum of 300 days and the cash equivalent of leave salary payable shall be calculated in the same manner as provided for in sub-rule (A)(1)(b) of Rule 550”. 



Source-AIRFINDIA
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