The Department of Personnel and Training (DoPT), in a notification, said that the applicant should not be less than 55 years of age.
"If working or having worked in the central or state government, should have held a post equivalent to the Secretary to the Government of India at least for one year.
"If holding or having held a post in any central or state public sector undertakings or private sector, the applicant should have occupied a post at the level of Chairman-cum- Managing Director or Managing Director at least for a period of two years on a regular basis," the DoPT circular said, adding those interested should have experience in selection of top management personnel.
The PESB consists of a part-time or full-time chairperson and three full-time members. At present all posts of members are occupied.
The advertisement has been circulated considering future vacancies, a DoPT official said.
A member in PESB holds office for a term of three years subject to the age limit of 65 years.