Van Hela Pauchua, who retired on August 31 as the chief secretary and Lalthansanga, who retired on the same day as finance secretary were appointed as chairman and secretary respectively of the commission.
The commission would make recommendations to the state government on the amount of funds to be allocated to local bodies and how they would manage their finances better.
Lal Thanhawla said that the state finance commission was established to look after the finances of local bodies like the Municipal Council, Village Councils and the three autonomous district councils.
