July 22, 2014
Kalaivaraikalai
The central government has notified rules under the Lokpal Act making
it mandatory for all its employees to file declarations of their assets
and liabilities and those of their spouses and dependent children.
It has issued new forms for filing these returns which have fields to
give details on cash in hand, bank deposits, investment in bonds,
debentures, shares and units in companies or mutual funds, insurance
policies, provident fund, personal loans and advance given to a person
or any entity, among others.
The employees need to declare motor vehicles, aircraft, yachts or
ships, gold and silver jewellery and bullion possessed by them, their
spouses and dependent children, according to the form.
They need to give detail of their immovable properties and statement
of debts and other liabilities on first appointment or as on March 31 of
every financial year.
There are about 50 lakh central government employees, including IAS, IFS and IPS, among others.
The rules, Public Servants (Furnishing of Information and Annual
Return of Assets and Liabilities and the Limits for Exemption of Assets
in Filing Returns) Rules, 2014-- were notified by the Department of
Personnel and Training (DoPT) last week. [Click here to view Format of Asset Return under Lokpal]
As per the rules, notified under Lokpal and Lokayuktas Act, every
public servant shall file declaration, information and annual returns of
his assets and liabilities as on March 31 every year on or before July
31 of that year.
These declarations are in addition to such returns being filed by the government employees under various services rules.
However, the competent authority may exempt a public servant from
filing the information in respect of any asset if its value does not
exceed his or her four months basic pay or Rs two lakh, whichever is
higher, the rules said.
The employees, who have already filed their declarations, information
and annual returns of property, shall file revised declarations as on
August 1, 2014, to the competent authority on or before September 15,
this year.
According to the Lokpal and Lokayuktas Act, a public servant shall
furnish to the competent authority the information relating to the
assets of which he, his spouse and his dependent children, jointly or
severally, own.
He is also mandated to declare his liabilities and that of his spouse and his dependent children, as per the Act.
.bmp)
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