The "Gol Maal" star, 70, whose film "Paheli" was India's official entry for the Academy Awards in 2005, will be heading the 17-member jury.
"We have selected Amol Palekar as the head of India's Oscar jury. He is an eminent film personality," Supran Sen, Secretary General of the Mumbai-based Film Federation of India (FFI) told PTI.
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"I am happy that I have been appointed as the chairman of India's Oscar jury. We haven't decided on any criteria for selecting a film for Oscars. I will have a meeting first with our esteemed members and work out the selection criteria," he said.
The Mumbai-based actor, who has been away from the silver screen for quite a sometime, is known for portraying the middle-class Indian in a string of films such as "Rajnigandha", "Ek Chhoti Si Baat", "Chitchor", "Gol Maal" and "Gharaunda" in the 1970s. He also directed National Award-winning films like "Dhyaas Parva" and "Quest".
Last year, "Liar's Dice", a road drama starring Geetanjali Thapa and Nawazuddin Siddiqui in lead roles, was selected as India's official entry to the best foreign film category after beating "Shahid", "Queen", "Mardaani", Marathi films "Yellow" and "Fandry" and Bengali films "Jatishwar" and "Apur Panchali"The 88th Academy awards event will take place in Los Angeles on February 28
"Mother India" and "Salaam Bombay" are the only other two Indian films to have made it to the top five.
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