The Gazette of India New Delhi Saturday December 30 1950

(1) The Commission shall consist of not more than three members appointed by the Central Government of whorl ' the Chairman shall be a full-time member and the others full-time or part-time as the Central Government may direct and one of the members of the Commission shall be an officer of the Central Government and another a person having a wide experience in the organisation and working of for [...] 7. Withdrawal of recognition.—If the Central Government is of opinion that aiiv recognition granted to an association under the provisions of this Act should in the interest of the trade or in the public interest be witdrawn the Central Government may after giving a reasonable opportunity to the association to be heard in the matter and in consultation with the Commission withdraw by a noti [...] (2) In particular and without prejudice to the generality of the for:going power such bye-laws may provide for— (a) the opening and closing of markets and the regulation of the hours of trade; (b) a clearing house for the periodical settlement of contracts and differences thereunder the delivery of and payment for goods the passing on of delivery orders and for: the regulation and mait [...] 8. Procedure and powers of the Commission.—(1) The Commission shall determine their procedure and in the performance of their functions shall have all the powers of a civil court under the Code of Civil Procdure 1908 (Act V of 1908) while trying a suit in respect of the following matters namely (a) summoning and enforcing the attendance of witnesses; (b) requiring the production of any docum [...] The object of the Bill is to prescribe the qualifications of the Chairman and members of the Finance Commission and to confer upon the Comission certain powers in accordance with the provisions of article 280 of the Constitution.