Which one of the following statements with regard to Panchayats is not correct?

1
Members of Panchayats are elected directly by the Gram Sabha.
2
The elections to Panchayats are conducted by the State Election Commission.
3
The Central Government may by law authorize a Panchayat to levy taxes.
4
Every Panchayats continues for five years from the date of convening of its first meeting.

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