Amendment status not verified — confirm the current text below against the official source.
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,- ( a ) have special knowledge of the finances and accounts of Government ; or (b) have had wide experience in financial matters and in administration ; or ( c ) have special knowledge and experience about the local self Government in urban areas ; (d) have special knowledge and experience about the local self Government in rural area : Provided that one of the members shall be a person who is holding or has held the post not lower in rank than that of 1 [an officer in Junior Administrative Grade in Indian Administrative Service or an Officer in equivalent Grade] and he shall be the Member-Secretary of the Commission.