(1) For. the purpose of appointment to the post ofa Presiding Officer, there shill be a Selection Committee consisting of— i.
(i) The Chief Justice, of India or a Judge of the Supreme Court of Indiaas nominated by the Chief Justice of India;
(ii) the Secretary to the Government of India in the Ministry of Finance (Department of Economic Affairs);
(iii) the Secretary to the Government of" India in the Ministry of Law and Justice;
(iv) the Governor, of the Reserve Bank or the Deputy Governor of the Reserve Bank nominated by the Government of the Reserve Bank;
(v) Special Additional Secretary to the Government of India in the Ministry of Finance, Department of Economic , Affairs (Banking Division) or an officer not: below the rank of Joint Secretary™ the Banking Division nominated by the special Additional Secretary in the Banking Division.
(2) TJie Chief Justice of India or the Judge of the Supreme Court shall be the Chairman or the Selection Committee.
(3) Any three members of the Committee including the Chairman shall form a quorum for meeting of the Committee.
(4) The Selection Commit ee may devise its own procedure for selecting a candidate for appointment as Presiding Officer.
(5) The Selection Committee shall recommend persons for appointment ns Presiding Officer from amongst the persons on the list of candidates prepared bj the Ministry of Finance after inviting applications therefor by advertisement.
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(6) The Central Government shall on the basis of the recommendations of the Selection Committee make a list of persons selected for appointment as Presiding Officer and the said list shall be valid for a period of two years. The appointment of a Presiding Officer shall be made from the list so prepared.
A. Medical Fitness.— No person shall be appointed as a Presiding Officer unless he is declared medically fit by a Medical Board to be constituted by the Central Government for the purpose unless he has already been declared fit by an equivalent authority.