Persons having financial or other interests not to be appointed as Members of Finance Commission

(1) Before appointing a person as a Chairman or Member of the Finance Commission, the Governor shall satisfy himself that the person to be so appointed has no financial or any other interest as is likely to affect prejudicially his functions as Chairman or Member of the Finance Commission. (2) After the appointment of Chairman and Members of the Finance Commission, the Governor shall also satisfy himself from time to time with respect to the Chairman and Members of the Finance Commission that they may have no financial or any other interest as is likely to affect prejudicially their functions as Chairman or Members of the Finance Commission and for that purpose the Governor may require the Chairman and the Members to furnish to him such information as he considers necessary with a view to satisfy himself as to whether the Chairman or the Members have any such interests.