THE FINANCE COMMISSION (MISCELLANEOUS PROVISIONS) ACT, 1951
No.XXXIII OF 1951
An Act to determine the qualifications requisite for appointment as members of the Finance Commission and the manner in which they shall be selected, and to prescribe their powers.
[16th May, 1951]
BE it enacted by Parliament as follows:---
.---This Act may be called the Finance Commission Miscellaneous Provisions) Act, 1951.
.---In this Act, "the Commission" means the Finance Commission constituted by the President pursuant to clause (1) of article 280 of the Constitution.
.-- The Chairman of the Commission shall be selected from among person who have had experience in public affairs, and the four other members shall be selected from among person who--
(a) are, or have been , or are qualified to be appointed as Judges of a High Court; or
(b) have special knowledge of the finances and accounts of Government; or
(c) have had wide experience in financial matters and in administration; or
(d) have special knowledge of economies.
.----Before appointing a person to be member of the Commission, the President shall satisfy himself that that person will have no such financial or other interest as is likely to affect prejudicially his functions as a member of the Commission; and the President shall also satisfy himself from time to time with respect to every member of the Commission that he has no such interest and any person who is, or whom the President proposes to appoint to be , a member of the Commission shall, whenever required by the President so to do, furnish to him such information as the President considers necessary for the performance by him of his duties under this section.
.---A person shall be disqualified for being appointed as, or for being, a member of the Commission.---
(a) if he is of unsound mind;
(b) if he is an undischarged insolvent;
(c) if he has been convicted of an office involving moral turpitude;
(d) if he has such financial or other interest as is likely to affect prejudicially his functions as a member of the Commission.
---Every member of the Commission shall hold office for such period as may be specified in the order of the President appointing, him but shall be eligible for reappointment;
Provided that he may, by letter addressed to the President, resign the office.
.---The members of the Commission shall render whole-time or part-time service to the Commission as the President may in each case specify, and there shall be paid to the members of the Commission such fees or salaries and such allowances as the Central Government may, by rules made in this behalf, determine.
.---(1) The Commission shall determine their procedure and in the performance of their functions shall have all the powers of a civil court under the Code of Civil Procedure, 1908 (Act V of 1908), while trying a suit in respect of the following matters, namely:--
(a) summoning and enforcing the attendance of witnesses:--
(b) requiring the production of any document;
(c) requisitioning any public record from any court or office.
(2) The Commission shall have power to require any person to furnish information on such points or matters as in the opinion of the Commission may be useful for, or relevant to, any matter under the consideration of the Commission.
(3) The Commission shall be deemed to be a civil court for the purposes of sections 480 and 482 of the Code of Criminal Procedure , 1898 (Act V of 1898).
Explanation.----For the purposes of enforcing the attendance of witnesses, the local limits of the Commission's jurisdiction shall be the limits of the territory of India.