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The Committee on Public Undertakings is a committee of selected members of parliament, constituted by the Parliament of India, for the purpose of examining the reports and accounts of the public sector undertakings as specified in the fourth schedule of the Rules of Procedure and Conduct of Business in Lok Sabha. This committee along with the Public Accounts committee and the Estimates committee are the three financial standing committees of the Parliament of India.
The committee consists of twenty-two members, fifteen elected by Lok Sabha, the lower house of the Parliament, and not more than seven members of Rajya Sabha, the upper house of the Parliament. The members are elected every year from amongst its members of respective houses according to the principle of proportional representation by means of single transferable vote. The chairperson is appointed by the Lok Sabha speaker. The term of office of the members is one year. A minister is not eligible to become a member of the committee. If a member after his election to the committee becomes a Minister, he ceases to be a member from the date of such appointment.