- Appointment: The President appoints the Chairman and members of the Finance Commission.
- Qualifications: The members of the Commission must have qualifications and experience as prescribed by the President.
- Tenure: The Commission serves for a specified period as determined by the President.
- Removal: There are no specific provisions for the removal of members of the Finance Commission. However, they serve at the pleasure of the President and can be removed if deemed necessary.
Posted inIndian Polity