Disqualifications for being member of Finance Commission

A person shall be disqualified for being appointed as, or for being a Member, of the Finance Commission,— (a) if he is of unsound mind ; (b) if he is an undischarged insolvent ; (c) if he has been convicted of an offence involving moral turpitude ; or (d) if he has such financial or any other interest as is likely to affect prejudicially his functions as a Member of the Finance Commission.