Where the competent authority is satisfied or has reason to believe that a person in respect of whom action is contemplated under the Act, has absconded or is concealing himself, the competent authority shall make a report, in writing to the designated court.
6. Power to freeze or seize property.–– (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, he may apply to the designated court seeking an order for seizing such property or where it is not practicable to seize such property, that such property shall not be transferred or otherwise dealt with, except with the prior permission of the designated 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).
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(3) Any officer in-charge of a police station when required by the competent authority, shall take all steps, including inquiry, investigation or survey in respect of any person, place, property, documents, books of account, etc., for the purpose of tracing and identifying the properties.
(4) The competent authority shall maintain a record of all income received and expenditure incurred of the property received, managed, and disposed and furnish the same to the designated court.