Members to declare assets and liabilities

2[1[175A. Members to declare assets and liabilities, – (1) Every member shall within three months from the date of commencement of his term of office and until the expiry of his term in every calen dar year, and within one month of the end of the financial year, file a declaration of the movable and immovable assets and liabilities of more than two lakhs owned by him and by all the members of his joint family in the form as may be prescribed before t he State Election Commission through the chief executive officer of concerned Zilla Panchayat: Provided that, where the term of a member commences before two months of the end of the financial year such member may file his declaration within two months aft er the commencement of the following financial year. (2) The Chief executive officer of the concerned Zilla Panchayatshall receive the declarations filed by all the members and forward the same to the State Election Commission in the first week of May of that year and, in the case of late submissions, in the first week of July of the year, with a statement of members who have filed and who have not filed the declaration. (3) A member, who after filing a declaration under sub -section (1), acquires disposes of any property or incurrs any liability shall file a further declaration to that effect before the state election commission through the chief executive officer of the panchayat, within forty -five days from the date of such acquisition or disposal, as th e case may be, and the chief executive officer shall follow the same procedure as in sub -section (1). 131