73rd constitution Amendment Act, 1992 has stipulated the following major provisions regarding Panchayat

A. A Gram Sabha may exercise such powers and perform such functions at the village level as the legislature of a state may, by law, provide

B. A Finance Commission to be constituted every fifth year by the Governor of a state to review the financial position of the Panchayat and to make recommendations to the Governor.

C. The legislature of a state cannot endow the Panchayat with any more powers and authority for their functioning as institutions of self- Government.

D. An election to constitute a Panchayats shall be completed before the expiration of a period of six months from the date of its dissolution.