Punjab Assembly Committee on Public Undertakings of Punjab Legislative Assembly is constituted annually for a one year period from among the members of the Assembly.^{[1][2][3][4][5]}

The functions of the Committee on Public Undertakings is:^[1][6]

(a) To examine the reports and accounts of the Public undertakings specified in Schedule II and of such other Public Undertakings as may be referred to the Committee by the Speaker for examination;

(b) To examine the reports, if any, of the Comptroller and Auditor-General on the public undertakings;

(c) To examine in the context of the autonomy and efficiency of public undertakings, whether the affairs of the public undertakings are being managed in accordance with sound business principles and prudent commercial practices; and

(d) To exercise such other functions vested in the Committee on Public Accounts and the Committee on Estimates in relation to the Public undertakings mentioned above as are not covered by clauses (a), (b) and (c) above and as may be allotted to the Committee by the Speaker from time to time :

Provided that the Committee shall not examine and investigate any of the following, namely:-

(i) Matters of major Government policy as distinct from business or commercial functions of the public undertakings ;

(ii) Matters of day-to-day administration;

(iii) Matters for the consideration of which machinery is established by any special statue under which a particular public undertaking is established

The speaker appoints the committee and its members every year for a one year term according to the powers conferred by Article 208 of the Constitution of India read with section 32 of the States Reorganisation Act, 1956 (37 of 1956), and in pursuance of Rules 232(1) and 2(b) of the Rules of Procedure and Conduct of Business in the Punjab Legislative Assembly.^[7]

For the 1 year period starting May 2022, the Committee on Public Undertakings of 16th Punjab Assembly had following members:^[1][8]

For the one year period before May 2022, the Committee on Public Undertakings of 15th Punjab Assembly had following members: