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.
Section 505 BNSS: Power to sell perishable property
- Corresponding CrPC
- Section 459 CrPC
Bare Act text
Text as enacted in the Bharatiya Nagarik Suraksha Sanhita, 2023 (Act No. 46 of 2023), in force from 1 July 2024. Source: India Code, Government of India.
In simple words
If the person entitled to possession is unknown or absent and the property is subject to speedy natural decay, or its sale would benefit the owner, or its value is less than ten thousand rupees, the Magistrate may at any time direct it to be sold. The section deals with the proceeds.
Chapter XXXVI: Disposal Of Property
- 497 Order for custody and disposal of property pending trial in certain cases
- 498 Order for disposal of property at conclusion of trial
- 499 Payment to innocent purchaser of money found on accused
- 500 Appeal against orders under section 498 or section 499
- 501 Destruction of libellous and other matter
- 502 Power to restore possession of immovable property
- 503 Procedure by police upon seizure of property
- 504 Procedure where no claimant appears within six months
- 505 Power to sell perishable property