The Finance Commission (Miscellaneous Provisions) Act, 1951

The Finance Commission (Miscellaneous Provisions) Act, 1951 is an act that determines the qualifications required for appointment as members of the Finance Commission and prescribes their powers.

The Chairman of the Commission will be elected from among individuals with experience in public affairs. The other four members will be selected from individuals who have special knowledge of finances, accounts of Government, financial matters, or economies.

To be appointed to the Commission, a person must not have any personal interest that could affect their functions as a member. The President will also ensure that each member has no such interest and can provide information as required.

A person is disqualified from being appointed as a member of the Commission if they are unsound in mind, an undischarged insolvent, or convicted of an offense involving moral turpitude.

Members of the Commission will hold office for a period specified by the President and may be eligible for reappointment. Their conditions of service include rendering whole time or part-time service to the Commission, which will receive fees, salaries, and allowances as determined by the Central Government.

The Commission will have all the powers of a civil court under the Code of Civil Procedure, 1908, with specific exceptions regarding summoning witnesses, producing documents, and requisitioning public records. They also have the power to require any person to furnish information on points or matters relevant to their functions.