Sebi asks staff to declare assets, liabilities

To improve transparency, capital market regulator Sebi Wednesday asked all its employees to declare all their assets and liabilities to comply with the Lokpal Act.

The new joinees will have to furnish details within 30 days of joining.

The regulator also asked every employee in the service of the Board to furnish such information. Besides, every employee has to file an annual return of such assets and liabilities by July 31 every year.

"...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," Securities and Exchange Board of India (Sebi) said in a notification.