Preparation and passing the Budget of Gram Panchayat

Preparation and passing the Budget of Gram Panchayat (44) "Local Authority" means and it includes a Gram Panchayat ; (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 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 Gram Panchayat and the quorum for such a meeting shall be more than half of the total number of the members of the Gram Panchayat. (2) The responsibility of preparing budget of Gram Panchayat shall be on the Secretary of Gram Panchayat. (3) The Secretary shall forward the passed budget of Gram Panchayat within five days from the date of budget passed by