News Politics National All Ministers to submit property details to PM Narendra Modi by July end

All Ministers to submit property details to PM Narendra Modi by July end

New Delhi: All ministers in the Narendra Modi government will have to submit details of their assets, liabilities and business interests to the Prime Minister within two months.They have also been directed to sever all

If any purse or cheque intended for a registered society, or a charitable body, or an institution recognised by a public authority, or a political party is presented to him, he should pass it on as soon as possible to the organisation for which it is intended.

A Minister should not associate himself with raising of funds except for the benefit of a registered society, or a charitable body, or an institution recognised by a public authority and a political party.

He should, however, ensure that such contributions are sent to a specified office bearer, etc. of the society or body or institution of party concerned and not to him.

With regard to a business concern which supplies goods or services to the government concerned or to undertakings of that government or whose business primarily depends on licenses, permits, quotas, leases etc. received or to be received from the government concerned, the ministers will have to divest themselves of all interests in the said business and also of the management thereof.

However, the Minister may transfer in the case of his interest in the management, and in the case of both ownership and management, to any adult member of his family or adult relative, other than his or her spouse who was prior to Minister's appointment associated with the conduct or management or ownership of the said business.  
The question of divesting himself his interests would not arise in case of holding of share in public limited companies except where the Prime Minister considers that the nature or extent of his holding is such that it is likely to embarrass him in the discharge of his official duties.