Panel of lawyers for legal aid is prepared by.

Executive Chairman of legal service institution

The correct answer is Option (1) → Executive Chairman of legal service institution

Selection of Panel Lawyers as per NALSA Regulations, 2010:

The legal services institution is vested with the authority to invite applications from legal practitioners with requisite professional experience to indicate the types of cases as they may be entrusted with. The panel shall be prepared by the Executive Chairman of the legal service institution in consultation with the Attorney-General (for Supreme Court), Advocate-General (for High Courts), Government pleader (for districts/Taluks) and the Bar Association President. The legal practitioner shall have three years or more of experience at the bar for being considered for empanelment.