The bill is likely to be introduced in the monsoon session of parliament in July.
The anti-graft Lokpal Bill will hold its first meeting in New Delhi on Saturday.
Finance Minister Pranab Mukherjee will head as the chairman of the committee while former law minister Shanti Bhushan, representing the civil society, is the co-chairman., social reformer Anna Hazare , who went on a 97-hour fast In New Delhi to demand a stronger Lokpal (ombudsman) Bill to tackle corruption, is one of the five members from the civil society.
Law Minister Veerappa Moily, Home Minister P. Chidambaram, Human Resource Development (HRD) Minister Kapil Sibal and Minority Affairs Minister Salman Khursheed are the other ministerial members. Lawyer Prashant Bhusan, Right To Information activist Arvind Kejriwal and former Supreme Court judge N. Santosh Hegde are also on the committee.
The billis likely to be introduced in the monsoon session of parliament in July.