The apex court asked the committee to submit its report within three weeks.
The court passed the order on a PIL filed by NGOs, Common Cause and Centre for Public Interest Litigation (CPIL) pleading it to frame guildelines.
The petition has sought issuance of guidelines for curbing ruling parties from taking political mileage by projecting their leaders in official advertisements.
The counsel, appearing for Common Cause, had earlier said that the glorification of politicians linked to the ruling establishment, in order to attain political mileage at the cost of public exchequer, was violative of Article 14 of the Constitution.
The counsel, representing CPIL, had told the court that there was nothing wrong in issuing advertisements and informing the public about the programmes of the government. However, he had said such advertisement campaigns become arbitrary and malafide when aimed at gaining political mileage.