Dinesh Divekar
Business Mentor, Consultant And Trainer
Asso.prof.(commerce & Management) Pg
+2 Others

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
With a request to provide the Draft / Format of the \"Asset Declaration Form\" to be signed from employees. Regards Sachin

Dear Sachin,

Your post is little confusing. Why you want format of "Asset Declaration Form"? Are you from private organisation or government organisation? What is your designation?

Assets are required to be declared every year only in government organisation. However, in private companies, I never heart anything of that kind. When company "allots" certain assets to the company, it obtains from the employee, "Asset Allocation Form" and not other way round.

Does your company have policy on allotment of company's asset? If not, you need to design first that. You also need to maintain proper Asset Register. Unless you do all this your problems may not be solved as such.

In the past, I have given replies on similar query. You may check the following links:





Dinesh V Divekar


From India, Bangalore
Its little bit confusing...are you looking for investment declaration form or asset declaration form?
From India, Lucknow
Dear Sachin,
As rightly pointed out by Mr. Dinesh, the asset declaration form is required to be given in Govt. organizations only. Without much technicalities, I would like to share that : There are two types of declarations to be made - one is for moveable and the other for immovable assets. The property or assets acquired during the calender year in question. Past assets already declared need not be repeated.
For movable property : a)Type of asset acquired(FD/Vehicle/Shares or alike)/Date of acquisition/Value/Beneficiary name(Self, spouse or children).
b) Type of asset sold/Date of sell/ Value/ Beneficiary name.
For Immovable Property : Type of asset/Details of Asset(Address, Plot No., etc.)/Date of acquisition/Value/Beneficiary Name
Similarly for asset(s) disposed off during the calender year.
Hope this will help you.
Best wishes.
AK Jain
HR Personnel

From India, Jabalpur
Dear friend,
As others said, the format could be anything according to your requirement. Normally this is in practice in govt./quasi govt./PSUs establishments. Nowadays some pvt.MNCs also started obtaining such confidential information. You can use a format which is being used by us with or without modifications as may be required. Of course there has been controversies emanating from such declarations as the legality and how to deal with omissions and commissions. In case where these declarations are being followed any updation of these information should be intimated to the respective offices within some prescribed period (say within 30 days of relevant happenings).

From India, Bangalore

Attached Files
File Type: doc Property-Return-Form.doc (64.0 KB, 2137 views)

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™