What is the composition of finance commission?

The finance commission consists of the chairman and 4 other members. The Chairman heads the Commission and presides over its activities. He should have had public affairs experience. The Parliament determines legally the qualifications of the members of the Commission and their selection methods. The 4 members should be or have been qualified as High Court judges, or be knowledgeable in finance or experienced in financial matters and are in administration, or possess knowledge in economics. All the appointments are made by the President of the country.

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