पृष्ठ:भारत का संविधान (१९५७).djvu/२५०

104

Part XII.-Finance, Property, Contracts and Suits.-280-283.

Finance Commis-
sion.⁠

280.(1)The President shall, within two years form the commencement of this Consti-tution and thereafter at the expiration of every fifth year or at such earlier time as the President considers necessary, by order constitute a Finance Commission which shall consist of a Chairman and four other members to be appointed by the President.

(2)Parliament may by law determine the qualifications,which shall be requisite for appointment as members of the Commission and the manner in which they shall be selected.

(3)It shall be the duty of the Commission to make recommen-dations to the President as to--

(a)the distribution between the Union and the States of the net proceeds of taxes which are to be, or may be,divided between them under this Chapter and the alloca-tion between the States of the respective shares of such proceeds;

(b) the principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India

[(c)]any other matter referred to the Commission by the President in the interests of sound finance.

(4)The Commission shall determine their procedure and shall have such powers in the performance of their functions as Parlia. ment may by law confer on them.

recommend
-ations of the fin-
ance commis-
sion⁠

281.The President shall cause every recommendation made by finance Commission under the provisions of this Consti-ance Commis- tution together with an explanatory memorandum as to the action sion.taken thereon to be laid before each house of parliament

Miscellaneous Financial Provisions

expenditure de-
frayble by the
union of the state
out of its reve-
nues⁠

282The Union or a State may make any grants for any frayable by the public purpose, notwithstanding that the purpose is not one with Union or aState respect to which Parliament or the Legislature of the State, as the case may be, may make laws.

Custody, etc, of
Consolidated
Funds,Contin-
gency Funds and
moneys credited
to the public
accounts.⁠

283.(1)The custody of the Consolidated Fund of India and the Contingency Fund of India, the payment of moneys into such Funds, the withdrawal of moneys therefrom, the custody of public moneys other than those credited to such Funds received by or on behalf of the Government of India, their payment into the public account of India and the withdrawal of moneys from such account and all other matters connected with or ancillary to matters aforesaid shall be regulated by law made by Parliament,and, until provision in that behalf is so made, shall be regulated by rules made by the President.

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Sub-clause (c) omitted by the Constitution (Seventh Amendment) Act, 1956,929 and Sch.

Sub b-clause (d) was relettered as (c), ibid.

In its application to the State of Jammu and Kashmir, references to the 'State' shall not be construed aareferences to the State of Jammu and Kashmir.