State Government may vest certain property in Panchayat

पंचायत की निधि और उसकी सभपम्त्त

State Government may vest certain property in Panchayat —

1. (1) The State Government may, subject to such conditions and restrictions as it may deem fit to impose, vest in a Panchayat any property which is vested in the State Government.
2. (2) The State Government may resume any property vested in a Panchayat under sub-section (1), and no compensation other than the amount paid by the Panchayat for such transfer or the market value at the date of resumption of any building or works executed thereon by the Panchayat shall be payable: