Amendment status not verified — confirm the current text below against the official source.
Composition of the Authority. (1) The Authority shall consist of a Chairperson and two other Members duly appointed by the State Government by notification in the Official Gazette6. 3 Established vide notification no.1/5/70/2009-5FE4/470 dated 07.10.2009 4 As amended vide notification no.31-Leg./2003 dated 03.11.2003 5 Directed vide notification no.1/5/70/2009-5FE4/475 dated 08.10.2009 6 As amended vide notification no.39-Leg./2015 dated 09.12.2015& notification no.26-Leg./2016 dated 04.07.2016 PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 5 (2) The Chairperson7, shall either be a retired Chief Justice or a serving or retired Judge of the Supreme Court or a retired Chief Justice of a High Court or a serving or retired Judge of a High Court or a serving or retired officer of the rank and status of the Chief Secretary of the State of Punjab or Secretary to the Government of India. (3) The members shall possess the qualifications specified in sub-section (5). (4) The State Government may appoint one of the members, by notification as4 Vice- Chairperson of the Authority. (5) The members appointed under sub-section (1), shall have the following qualifications and experience in the fields of Management of Infrastructure Sectors or Infrastructure Projects, Law, Finance, Economics or Commerce - (i) Qualifications and experience in the field of management of infrastructure sector or infrastructure project:- Relevant professional qualifications and a minimum experience of ten years of working after acquiring the said qualifications in a Government department or public sector organisation or in a private sector organisation; having annual turnover of one hundred crore rupees or more in any infrastructure sector in respect of conceptualizing, appraisal, development, financing or implementation of infrastructure projects; (ii) Qualifications and experience in the field of Law:- A serving or a retired District and Sessions Judge or a person qualified to be a District and Sessions Judge; (iii) Qualifications and experience in the field of Finance, Economics or Commerce:- 7 Appointed vide notification no.1/5/70/2009-5FE4/638 dated 12.11.2009, thereafter, vide notification no.1/5/70/2009-5FE4/226 dated 15.12.2014 PUNJAB GOVT. GAZ. (EXTRA.), JULY 9, 2002 (ASAR 18, 1924 SAKA) 6 Qualifications: (a) Membership of the Institute of Chartered Accountants of India; or (b) Post Graduation in Economics, Commerce, Management or Engineering. Experience:- (a) Ten years’ experience of working after acquiring the said qualifications in a Government department or public sector organisation or in a private sector organisation having annual turnover of one hundred crore rupees or more; or (b) Ten years’ teaching experience in a university or a college, recognised by the University Grants Commission or an institute recognised by the All India Council of Technical Education. (6) Before appointing any person to the Authority as a Chairperson or Vice-Chairperson or member, as the case may be, the State Government shall satisfy itself that the person does not have any financial or other interest, which may affect prejudicially his functioning as a Chairperson or Vice-Chairperson or member of the Authority.