505. 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 thousand rupees, the Magistrate may at any time direct it to be
sold; and the provisions of sections 503 and 504 shall, as nearly as may be
practicable, apply to the net proceeds of such sale.
Bharatiya Nagarik Suraksha Sanhita, 2023
Section 501 Destruction of libellous and other matter
Section 502 Power to restore possession of immovable property
Section 503 Procedure by police upon seizure of property
Section 504 Procedure where no claimant appears within six months
Section 505 Power to sell perishable property
Section 506 Irregularities which do not vitiate proceedings
Section 507 Irregularities which vitiate proceedings
Section 508 Proceedings in wrong place
Section 509 Noncompliance with provisions of section 183 or section 316
Section 510 Effect of omission to frame, or absence of, or error in, charge