Party's Delhi convenor Dilip Pandey, vice-presidents of the city unit and ministers Satyendar Jain and Kapil Mishra are part of the committee.
Deputy chief minister Manish Sisodia will be reviewing the entire process.
After filtering the list, the names will be forwarded to the Political Affairs Committee (PAC), the apex decision- making body of the party. The PAC will have the final say on the candidates.
Party MLAs have been asked to recommend candidates to the screening committee.
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"Our party volunteers will vote for the best candidate and the names will be forwarded to the Selection Committee," Lamba said.
She said the Jamia Masjid ward in her constituency has already shortlisted three prospective women candidates. Her constituency has two more wards- Chandani Chowk and Civil Lines.
Lamba added that party volunteers would be voting to select prospective candidates for these three wards on February 15.
The AAP has been mounting attack on the BJP-led MCDs for alleged financial irregularities.