The IT department wants all the documents it sought to be submitted before March 27.
Jayarajan’s wife Indira and son Jaison are the ones planning to sell their shares.
KPCC chief K Sudhakaran has countered two CPM leaders' sexist remarks with a misogynist comment of his own.
The LDF convener has claimed the state's heavy debt was not a marker of poor governance.
He will join the procession in Thrissur and is slated to deliver a speech.
The unprecedented raid comes after the department received a complaint of money laundering in connection with the resort.
In a video that is doing the rounds, EP can be seen honouring Nandakumar's mother at a temple in Kochi on Sunday, a day before MV Govindan's people's rally got underway.
He had not participated in the inaugural function of the rally nor its tour of Kasaragod, Kannur, and Wayanad districts.
EP is likely to change his decision only if there is favourable action from the party leadership on the Kannur resort scandal.
CPM State Secretary M V Govindan, earlier today, clarified that no probe would be initiated by the party against Jayarajan to check the allegations of financial impropriety against him.