(b)On receipt of such representation, if any, the State Government shall constitute a committee consisting of five persons nominated by the State Government, of whom-(i)one shall be a member of the State Higher Judicial Service who shall be the Chairperson of the committee,(ii)one shall be the Chief Councillor of any other Municipality of the same class,(iii)one shall be a Chartered Accountant or a person having experience in financial matters,(iv)one shall be an Engineer, and(v)one shall be an officer of the State Government, not below the rank of a Sub-divisional Officer, and shall forward the representation to the committee for its consideration and report within such time as the State Government may specify.