This Act may be called the Maharashtra Finance Commission (Miscellaneous provisions) Act, 1994.
In this Act,-
The Commission shall consist of a Chairman and four other members.
The Chairman of the Commission shall be an eminent serving or retired civil servant well versed in Administration and Finance or a person with experience in public affairs and the four other members shall be selected from amongst persons who,-
Before appointing a person to be the Chairman or a Member of the Commission, the Governor shall satisfy himself that that person will have no such financial or other interest as is likely to affect prejudicially his functions as the Chairman or a Member of the Commission; and the Governor 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 Governor proposes to appoint to be, the Chairman or a Member of the Commission shall, whenever required by the Governor so to do, furnish to him such information as the Governor 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 as the Chairman or a Member of the Commission-
The Chairman and every Member of the Commission shall hold office for such period as may be specified in the order of the Governor appointing him, but shall be eligible for reappointment :
The Chairman and the Members of the Commission shall render whole time or part time service to the Commission as the Governor may, in each case, specify ; and there shall be paid to the Chairman and the Members of the Commission such fees or salary and such allowances as the State Government may, by order, from time to time, 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 (V of 1908) while trying a suit in respect of the following matters, namely :-