According to Section 503 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (BNSS), what actions may a Magistrate take concerning property seized by the police when such property is not produced before a Criminal Court during an inquiry or trial?
1
The Magistrate may order the property to be delivered to the person entitled to it, or if the person cannot be ascertained, may decide on the custody and production of the property.
2
The Magistrate must keep the property in the court's custody indefinitely until the case is resolved.
3
The Magistrate is required to auction the seized property and distribute the proceeds equally among the parties involved in the case.
4
The Magistrate must immediately return the property to the person from whom it was seized without conditions.