Are there any specific timeframes within which a Finance Commission must be constituted after the enactment of the Constitution (Seventy-third Amendment) Act, 1992?
Yes, there is a specific timeframe within which a Finance Commission must be constituted after the enactment of the Constitution (Seventy-third Amendment) Act, 1992. The Governor of a State shall, as soon as may be within one year from the commencement of the Constitution (Seventy-third Amendment) Act, 1992, constitute a Finance Commission.