Amendment status not verified — confirm the current text below against the official source.
(I) The budget estimate of a Municipality for a year shall be Annual prepared in the prescribed form and presented before the Board of Budget mates Esti- of a Councillors at a meeting, specially convened for the purpose, not later Municipally. than the tenth day of March every year: Provided that no deficit shall be shown in the budget estimate so prepared. (2) The budget estimate for the ensuing year shall be adopted after discussion by the Board of Councillors within two weeks of presentation. (3) A copy of the budget estimate adopted by the Board of Councillors shall be sent to the Director of Local Bodies for information and shall be available for inspection by the members of the public in the manner prescribed. (4) A revised budget for the current year shall be framed in the prescribed form during the middle of the year and presented before the Board of Councillors for adoption after the first day of October, but not later than the thirty-first day of December, each year. (5) Notwithstanding anything contained in the foregoing provisions of this section, the State Government may, on the prayer of a Municipality, direct that the budget estimate, or the revised budget estimate, of a Municipality may be presented or adopted at a later date for reasons to be recorded in writing. 247 The West Bengal Municipal Act, 1993. [West Ben. Act (Part 111.—Finance.—Chapter 1X. Budget, Accounts and Audit—Sections 83-86) Power to alter budget grants. Annual financial statement. Balance- sheet. Appoint- ment and power of the Auditor.