Power to take over management of institutions etc.

Subject to rules made under this Act and the conditions agreed upon in writing, a Gram Panchayat may receive from any person any property vested in him, or the execution or maintenance of any work, or the performance of any duty, within its area: Provided that no work of more than Rs. 5,000 shall be entrusted to, or undertaken by, a Gram Panchayat except with the previous approval of the Deputy Commissioner.