Which one of the following statements with regard to the functioning of the Panchayats is not correct?

• A. Panchayats may levy, collect and appropriate taxes, duties, tolls, etc.
• B. A person who has attained the age of 25 years will be eligible to be a member of a panchayat.
• C. Every Panchayat shall ordinarily continue for five years from the date of its first meeting.
• D. A Panchayat reconstituted after premature dissolution shall continue only for the remainder of the full period.