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Home » banking » finance and law commission of india » interview » FINANCE COMMISSION AND LAW COMMISSION OF INDIA

FINANCE COMMISSION AND LAW COMMISSION OF INDIA

on banking , on finance and law commission of india , on interview
at Friday, 15 June 2012

Finance Commission/ Functions of Finance Commission/ Chairman of Finance Commission of India/ Law commission of India

 Finance Commission of India

          The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India.At that time Rajendra  Prasad was the president of India. . The Indian Finance Commission Act was passed to give a structured format to the Finance Commission of India as per the world standard.

Why Finance Commission was formed?

=> To define the financial relations between the centre and the state.

Functions Of The Finance Commission:

The Finance Commission's duty is to recommend to the President as to-


  • The distribution of net proceeds of taxes between the Union and the States.
  • To evaluate the increase in the Consolidated Fund of a state to affix the resources of the Panchayat in the state.
  • To evaluate the increase in the Consolidated Fund of a state to affix the resources of the Municipalities in the state.

Implementation Of The Recommendation Of Finance Commission:

The recommendation of the Finance Commission was implemented:-

  • By an order of the President or by executive orders.

Finance Commissions appointed so far:

So far 13 Finance Commissions have been appointed.

Powers of the Commission:

The Finance Commission has the following powers:

  • The Commission shall have all the powers of the Civil Court as per the Code of Civil Procedure, 1908.
  • It can call any witness, or can ask for the production of any public record or document from any court or office.
  • It can ask any person to give information or document on matters as it may feel to be useful or relevant.
  • It can function as a civil court in discharging its duties.


Law Commission of India

     Law Commission of India is an executive body established by an order of the Government of India. Its major function is to work for legal reform. It membership primarily comprises legal experts, who are entrusted a mandate by the Government. The Commission is established for a fixed tenure and works as an advisory body to the Ministry of Law and Justice.

Formation of law commission:

The first Law Commission was established during the British regime in 1834 by the Charter Act of 1833.

Pre-Independence Law Commissions of India:

After establishment of First law commission in 1834, three more Commissions were established in pre-independent India.

     Here are some of the details regarding these laws:

1.First Pre-Independence Law Commission

Established:1834
Chairman: Lord Macaulay

2.Second Pre-Independence Law Commission

Established:1853
Chairman: Sir John Romilly

3.Third Pre-Independence Law Commission

Established:1861
Chairman: Sir John Romilly

4.Forth Pre-Independence Law Commission

Established:1879
Chairman: Dr. Whitney Stokes

      The first Law Commission of Independent India was established in 1955 for a three year term. Since then Eighteen more Commissions have been established.

First Law Commission of Independent India:

The first Law Commission of independent India was established in 1955. The Chairman of this Commission was Mr. M. C. Setalvad, who was also the First Attorney General of India. The term of this Commission was established as three years and this Commission submitted its last report on 16 September 1958.

     At present,19th  Law commission has been established.Here are the details of current law commission:

Nineteenth Law Commission:

Working Period:1st September 2009 to 31st August 2012.

Chairman: Shri Justice P.V.Reddy,retired Judge , Supreme Court of India.

Member –Secretary: Dr. B.A. Agarwal.

Incoming searches:
Finance Commission/ Functions of Finance Commission/ Chairman of Finance Commission of India/ Law commission of India/ what is finance commission/ law commission

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