Explanation:

 The 73rd constitutional amendment act of 1992, provides for a five-year term of office to the panchayat at every level. However, it can be dissolved before the completion of its term. Further, fresh elections to constitute a panchayat shall be completed

(a) before the expiry of its duration of five years; or
(b) in case of dissolution, before the expiry of a period of six months from the date of its dissolution.