Vidhi Codex

MADHYA PRADESH ACT

The Rajya Vitta Ayog Adhiniyam 1994

Finance199411 sections

This Act establishes the State Finance Commission for Madhya Pradesh to oversee the financial administration of local self-government bodies. It defines the Commission's structure, including the appointment of a Chairman and members with specific qualifications in finance, law, or administration. The Commission is tasked with making recommendations to the Governor regarding the distribution of taxes, grants, and financial powers between the state and local bodies like Panchayats and Municipalities. This ensures equitable resource allocation and strengthens local governance by providing a systematic framework for financial planning and accountability.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title and Commencement.
  3. 2. Definitions.
  4. 3. Constitution of State Finance Commission.
  5. 4. Qualifications for appointment as, and the manner of selection of members of the Commission.
  6. 5. Personal interest to disqualify members.
  7. 6. Disqualifications for being a member of the Commission.
  8. 7. Terms of office of members and eligibility for re-appointment.
  9. 8. Conditions of service and salaries and allowances of members.
  10. 10. Matters of which Commission to make recommendations.
  11. 11. Power to remove difficulties.

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