Karnataka Government (Allocation of Business) (Amendment) Rules, 2022

Jun 22, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Karnataka on June 20, 2022 has issued the Karnataka Government (Allocation of Business) (Amendment) Rules, 2022 to further amend the Karnataka Government (Allocation of Business) Rules, 1977. This has come into force on June 20, 2022.

The following has been amended namely: - 

• Schedule-IIA which specifies “Department of Public Enterprises” has been omitted

• In Schedule VI which specifies “Finance Department”, a new heading has been inserted namely: -


1. All matters relating to disinvestments of State Government equity from State Public Sector/undertakings.

2. Decisions regarding setting up of a Committee/Commission to make recommendations about disinvestments from State Public Sector Enterprises and examination of such recommendations regarding modalities of disinvestment including restructuring.

3. Implementation of disinvestment decisions, including appointment of advisers, pricing of shares, and other terms and conditions of disinvestment.

4. Winding up, amalgamation or such other major schemes of structural reorganization of State Public Sector Enterprises.

5. All matters which were dealt with by the Karnataka State Bureau of Public Enterprises”


[Notification No. DPAR 12 ARB 2022]



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