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SEBI requires declaration of assets and liabilities from the staff

For the purpose of improving the transparency, the capital market regulator SEBI has asked all its employees to declare all the assets and liabilities of them to comply with the Lokpal Act.

Further, the new joiners will have to furnish the details within 30 days of their joining.

Moreover every employee has to file an annual return of such assets and liabilities by July 31 every year.

In a notification SEBI said, “…every employee, within thirty days from the date of joining the services of the Board shall furnish to the Board, information as per …the Lokpal and Lokayuktas Act, 2013.”

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