Amendment status not verified — confirm the current text below against the official source.
Amendment of Section-168 of the Bihar Act 6, 2006 – (i) The sentence "The Chairman and members of the Finance Commission shall be appointed in such manner as may be prescribed" in sub-section (3) of Section-168 of the Act, shall be substituted by the sentence "qualification and disqualification of the Chairman and the members of the Finance Commission shall be as follows and their appointment shall be in such manners as may be prescribed." 7 बहार गजट (असाधारण), 27 मई 2011 (ii) In sub-section (3) of Section-168 of the said Act, the following new clauses (a) and (b) shall be added, namely :- (a) Qualifications of Chairman and Members of Commission :- The Chairman of the Commission shall be such person who shall have the experience of social activities and the other two Members shall be appointed from among such persons who, (i) Possesses special knowledge of Finance and Accounts of the government, or (ii) Possesses wide experience of financial matters and administration, or who (iii) is an expert in Panchayat Raj Administration, Urban Local Bodies and its functions. (iv) has an specialization in economics. (b) disqualifications for Chairman or Members of the Commission:- A person shall be ineligible for appointment as Chairman or Member or to continue as such, if such person :- (i) is of unsound mind, (ii) has been declared bankrupt, (iii) has been punished for the charge of moral turpitude, (iv) have economic or other interest which affects improperly in performance of duty as Chairman or Member.