Bare ActsThe UTTAR PRADESH MINISTERS AND LEGISLATORS (PUBLICATION OF ASSETS AND LIABILITIES) ACT, 1975

Section 2

Definitions

Amendment status not verified — confirm the current text below against the official source.

2. In this Act, unless the context otherwise requires- (a) "assets", in relation to any person, mean- (i) his right title or interest in immovable properties whether as owner mortgagor, lessor, lessee or otherwise; (ii) his right, title or interest in any business, trade or industrial or commercial venture, whether conducted with profit motive or not; (iii) any sum or money (in excess of five thousand rupees) kept in cash; (iv) bank balances, including fixed deposit; (v) shares, stocks, debentures and other securities; (vi) motor vehicles, as defined in the Motor Vehicles Act, 1939; (vii) insurance policies; (viii) jewellery (other than rings, ear-rings, bangles, buttons, cufflinks, watches, watch straps and like articles which such person normally wears every day). (b) "family", in relation to a Minister or legislator means his or her- (i) spouse (not being a judicially separated spouse); (ii) minor children ; and (iii) any other person related to him or her, whether by blood or marriage and wholly dependent on him or her; (c) "legislator" means a member of either House of the Uttar Pradesh State Legislature and includes a Minister who is such a member; (d) "liability" in relation to any person, does not include a liability to the extent of an amount not exceeding five thousand rupees; (e) "Minister" means a member of the Uttar Pradesh Council of Ministers; (f) "Secretary", in relation to a legislator, means the Secretary of the House of the State Legislature of which he is member, and in relation to a Minister who is not a legislator, means the Secretary of the Legislative Assembly.

Section 2 – The UTTAR PRADESH MINISTERS AND LEGISLATORS (PUBLICATION OF ASSETS AND LIABILITIES) ACT, 1975 | DailyLaw.ai