1[Every Gram Panchayat shall, within such period and in such manner as may be prescribed, prepare a statement of the estimated receipts and expenditure of the 2[Gram Panchayat] for the financial year commencing on the first day of April next following which shall be passed by the Gram Panchayat by a simple majority of the members present and voting at a meeting of the 2[Gram Panchayat] and the quorum for such a meeting shall be more than half of the total number of the members of the 2[Gram Panchayat].]
Footnotes in the official text
- 1.Subs. by sec. 47 of U.P. Act No. 9 of 1994.
- 2.Subs. by sec. 2 of U.P. Act No. 9 of 1994.