The document establishes the Indo-Bangladesh Joint Rivers Commission to facilitate cooperation between India and Bangladesh on issues relating to their shared river systems. The Commission is comprised of representatives from each country and is tasked with maintaining liaison, formulating flood control works, developing advance flood warnings, studying flood control and irrigation projects, and coordinating research on flood issues affecting both nations. It outlines the composition and functions of the Commission, as well as rules regarding meetings, procedures, and reporting requirements to facilitate effective collaboration between the two countries.