Procedure where no claimant appears within six months and Power to sell perishable property are defined under Section 458 and 459 of CRPC 1973. Provisions under these sections are:
Section 458 of CRPC "Procedure where no claimant appears within six months"
(1) If no person within such period establish his claim
to such property, and if the person in whose possession such
property was found is unable to show that it was legally
acquired by him, the Magistrate may, by order direct that
such property shall be at the disposal of the State
Government, and may be sold by that Government and the
proceeds of such sale shall be dealt with in such manner as
may be prescribed.
(2) An appeal shall lie against any such order to the Court
to which appeals ordinarily lie from convictions by the
Magistrate.
Section 459 of CRPC "Power to sell perishable property"
If the person entitled to the possession of such property is unknown or absent and the property is subject to speedy and natural decay, or if the Magistrate to whom its seizure is reported is of opinion that its sale would be for the benefit of the owner, or that the value of such property is less than ten rupees, the Magistrate may at any time direct it to be sold, and the provisions of Sections 457 and 458 shall, as nearly as may be practicable, apply to the net proceeds of such sale.
DISPOSAL OF PROPERTY
LIMITATION FOR TAKING COGNIZANCE OF CERTAIN OFFENCES
Section 468, 469, 470, 471, 472 and 473 of Code of Criminal Procedure 1973 - What is the limitation period for taking cognizance of offences under CRPC?