4.4. Provisions related to the declaration of assets and liabilities

Section 75A of RPA, 1951 states that every elected candidate for either Houses of Parliament shall furnish information regarding relating to the movable and immovable property owned by him, his spouse or his children; the liabilities to any public financial institution or to the Central Government or State Government within ninety days from the date of subscribing an oath for taking a seat in Parliament.

The form and manner of furnishing this information shall be prescribed in the rules made by the Chairman of the Council of States or the Speaker of the House of the People, as the case may be. Any willful contravention of such rules by an elected candidate for a House of Parliament is dealt with in the same manner as a breach of privilege of the Council of States or the House of the People, as the case may be.