(7) Every panchayat, unless sooner dissolved, shall continue for five years from the date appointed for its firs." meeting, and no longer.
(2) An election to constitute a panchayat shall be completed—
(a) before the expiry of its duration specified in sub-section (1);
(b) before the expiration of a period of six months from the date of its dissolution:
Provided that where the remainder of the period for which the dissolved panchayatwould have continued is less than six. months, it shall not be necessary to hold any election under this sub-section for constituting the panchayat for such period.
(3) A pdiichayat constituted upon the dissolution of a panchayat before the expiration of its duration shall continue only for the remainder of the period for which the dissolved panchayat would have continued under sub-section (1) had it not been so dissolved.