Section 94(2) in Jammu and Kashmir Panchayati Raj Rules, 1996
(2)In case Panchayat fails to present its budget or annual report in the [Halqa Majlis] [Substituted vide SRO-262 dated 12-7-1999.] within the prescribed period, the Block Development Officer shall arrange the preparation of the budget and annual report of such Panchayat through Inspector Panchayat concerned. The Block Development Officer shall preside over the [Halqa Majlis] [Substituted vide SRO-262 dated 12-7-1999.] of such Panchayat and present the budget estimate and annual report of the Panchayat as prepared by the Inspector Panchayat before the general meeting of the voters and voters shall consider the budget and annual report so prepared and presented and draw out development plans for the Panchayat area and approve the budget.
