In order to ensure high level of attention and to benefit from the collective wisdom of the top level economic managers of the Government, a Cabinet Committee on Privatization (CCoP) was created in 1991 to oversee the Privatisation related activities. The terms of Reference of the Committee are as under:-

1. To formulate the Privatisation Policy for approval of the Government/Cabinet;
2. To approve the State Owned Enterprises to be privatised on the recommendation of the PC or
3. otherwise;
4. To take policy decisions on inter-ministerial issues relating to the privatisation process;
5. To review and monitor the progress of privatisation;
6. To instruct the PC to submit reports/information/data relating to the privatisation process or any matter
7. relating thereto;
8. To take policy decisions on matters pertaining to privatisation, restructuring, deregulation, regulatory
9. bodies and Privatisation Fund Account;
10. To approve the Reference Price in respect of the State Owned Enterprises being privatised; To approve the successful bidders;
11. To consider and approve the recommendations of the PC on any matter; and
12. To assign any other task relating to privatisation to the PC

The Composition of the Committee is as under:- ⁽¹⁾