What is the provision regarding the continuance of existing laws and Panchayats after the commencement of the Constitution (Seventy-third Amendment) Act, 1992?
Existing laws relating to Panchayats that are inconsistent with the provisions of Part IX of the Constitution shall continue to be in force until amended or repealed by a competent legislature or other competent authority or until the expiration of one year from the commencement of the Constitution (Seventy-third Amendment) Act, 1992. Existing Panchayats shall continue till the expiration of their duration, unless sooner dissolved by a resolution passed by the respective state legislative assembly.