Maintenance of accounts and restriction of expenditure.

243. Maintenance of accounts and restriction of expenditure. - (1) Accounts of the income and expenditure of a Grama Panchayat shall be kept in accordance with such rules as may be presc ribed. (2) Expenditure from the Grama Panchayat Fund shall, save as otherwise expressly provided for in this Act, be incurred subject to such sanctions, conditions and limitations as may be prescribed. (3) Grama Panchayat shall, within a period not excee ding three months after the close of the official year, pass the accounts of that year.