The 30-member panel would submit its report on the controversial bill, which was passed by the Lower House, on the first day of the Monsoon Session.
Almost the entire Opposition and some allies of the ruling NDA like Shiv Sena and Swabhimani Pakshya are opposing various provisions of the amendment land bill brought by the government.
Congress and Left parties have been specially targeting the Narendra Modi Government over the bill which they termed as "anti-farmer" and "pro-corporate".
The government, which had promulgated the land ordinance twice since December last, agreed to refer the bill to the joint committee following stiff resistance from the opposition and some of its allies during the recently-concluded Parliament session.
20 Lok Sabha members who are on the committee include K V Thomas (Congress), Rajiv Satav (Congress), Anand Rao Adsul (Shiv Sena), Kalyan Banerjee (Trinamool Congress), B Mahtab (BJD), Mohammad Salim (CPI-M), Chirag Paswan (LJP) and Udit Raj (BJP), Anurag Thakur (BJP) and Ganesh Singh (BJP).
The 10 Rajya Sabha members include Ram Narain Dudi (BJP), Jairam Ramesh (Congress), Panna Lal Punia (Congress), Digvijay Singh (Congress), Ram Gopal Yadav (SP), Sharad Yadav (JD-U), Sharad Pawar (NCP), Derek O'Brien (TMC) and Rajpal Singh Saini (BSP).
Prime Minister Narendra Modi had on Tuesday said any amendments in the land acquisition bill in the interest of farmers, poor, village and nation would be accepted.
"Gaon, Garib, Kisan (village, poor and farmers)... if the suggestions are favourable to these downtrodden groups and are in the interests of the nation, we will accept those suggestions," he had said. He also said that the passage of the Land Acquisition Bill and GST Bill in Parliament was only "a matter of time".
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.