Section 4. Annual statement of Acquisition and Disposals

4. Every Minister or legislator shall, throughout the term of his office furnish to the Secretary on or before the thirtieth day of June every year, a statement in the form set out in the Second Schedule, of all assets acquired or disposed of or liabilities incurred by him and also by any member of his family during the preceding financial year. Explanation I- If neither such person nor any member of his family has acquired or disposed of any asset or incurred any liability during a particular year a ‘nil’ statement shall nevertheless be submitted by him under this section. Explanation II- For the purposes of this section, the expression "acquired" in relation to any assets, means its acquisition by purchase, gift, bequest, lease, exchange, mortgage, partition or family settlement.