State Act
243
Section 243. Maintenance of accounts and restriction of expenditure.
THE KARNATAKA GRAM SWARAJ AND PANCHAYAT RAJ ACT, 1993
Act no. 14 of 19931993In forceKarnataka (State Act)
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 prescribed. (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 exceeding three months after the close of the official year, pass the accounts of that year.