P V Bhide

Retirement 2010-01-31 to first listed directorship 2010-10-25

The rule: DoPT Office Memorandum of 5 Dec 2006 (as described by The Indian Express): a one-year cooling-off period after retirement before joining private company boards, which can be shortened with separate government approval. For All India Services, rule 26 of the AIS (DCRB) Rules, 1958 (see research/deals/moves.json for the DoPT FAQ source).

1. retired 31 Jan 2010Documented

   Revenue Secretary, Ministry of Finance

   The Indian Express

2. 267 days after leaving.

3. 25 Oct 2010Documented

   L&T Finance (Oct 2010), GlaxoSmithKline Pharmaceuticals (Oct 2010), Cholamandalam Financial Holdings (Oct 2010)

   Director

   P V Bhide: Retired as Secretary, Ministry of Finance, on January 31, 2010. Within nine months, took up directorship in L & T Finance Ltd (October 25, 2010), Glaxosmithkline Pharmaceuticals (October 28, 2010) and Cholamandalam Financial Holdings (October 28, 2010).

   The Indian Express

The Indian Express (2021) reported the timing against the cooling-off rule; it did not report a specific decision involving the company. Not yet checked for in-office dealings.

Response: P V Bhide

“I was Revenue Secretary, Ministry of Finance, and there were no issues relating to the companies I joined that were pending and cause for conflict of interest.” indianexpress.com