 | This article needs to be updated. The reason given is: Numbers and party composition are all from the previous election and the previous session, the infobox in particular. (June 2023) |
| Financial Standing Committee | |
|---|---|
| 16th Lok Sabha | |
| Founded | 1 May 1964 |
| Country |  India |
| Leadership | |
| Chaiperson | Baijayant Panda |
| Chairperson party | Bharatiya Janata Party |
| Appointer | Lok Sabha Speaker |
| Structure | |
| Seats | 22 Lok Sabha : 15 Rajya Sabha : 7 |
| Party composition | BJP (9) INC (2) |
| Election criteria | The members are elected every year from amongst its members of respective houses according to the principle of proportional representation. |
| Tenure | 1 Year |
| Jurisdiction | |
| Purpose | Examining the reports and accounts of the Public sector undertakings(PSUs) |
| Rules & Procedure | |
| |
| Applicable rules | Rule 312A & 312B (page 115 - 116) Fourth Schedule (page 156) |
The Committee on Public Undertakings (COPU) is one of three financial standing committees within the Parliament of India, composed of selected members of Parliament with the stated purpose of examining the reports and accounts of public sector undertakings (PSUs). The duties and responsibilities of the COPU are specified in the Fourth Schedule of the Rules of Procedure and Conduct of Business in Lok Sabha.[1] This committee, alongside the Public Accounts Committee (PAC) and the Estimates Committee (EC), are the three financial standing committees of the Parliament of India.
The COPU consists of 22 members, 15 elected by the Lok Sabha, and not more than 7 members by the upper house, the Rajya Sabha.[1] Committee members are elected annually from among members of both houses by means of proportional representation through the single transferable vote. The chairperson of the COPU is appointed by the Lok Sabha speaker. The term of the office of the members is one year. Ministers are not eligible to become a member of the committee. If a member, after being elected to the committee, becomes a Minister, the member ceases to be a member, from the date of such appointment.[1]
- ^ a b c RULES OF PROCEDURE AND CONDUCT OF BUSINESS IN LOK SABHA (PDF) (16th ed.). New Delhi: M/s Jainco Art India. April 2019. pp. 150–151.