(1) Where the competent authority is satisfied or has reason to believe that any property which is liable to be attached under the Act is likely to be concealed, transferred or dealt with in any manner which will result in defeating the purpose of the Act, it may make an order seizing such property or where it is not -3- practicable to, seize such property, make an order that such property shall not be transferred or otherwise dealt with, except with the prior permission of the Special Court.
(2) The competent authority may take the assistance of any subordinate Officer of the Government to take possession of the property in respect of which an order of seizure or freezing has been made under sub-rule (1).
(3) Any officer in charge of the Police Station, when required by the competent authority, shall take all step, including inquiry, investigation or survey in respect of any person, place property, documents, book accounts etc., for the purpose of tracing and identifying the properties.
5[Provided that, if, from information received or otherwise, such officer in charge of a Police Station has reason to suspect the commission of an offence under this Act, he shall forthwith send a report of the same to the Special Court empowered to take cognizance of such offence and shall proceed in person, or shall depute one of his subordinate officers not being such rank of Police Sub-Inspector, to proceed to the spot, to investigate the facts and circumstances of the case, and, if necessary, to take measures for the discovery and arrest of the offender as per the provisions of the Code of Criminal Procedure, 1973.]
(4) The competent authority shall maintain a record of all income received and expenditure incurred of the property received, managed, and disposed and furnished the same to the Special Court.