Amendment in section 5 of the Bihar Act, 18 of 2002

Amendment in section 5 of the Bihar Act, 18 of 2002 - sub-section (1) and (2) of section 5 of the said Act shall be substituted by the following :- "(1) The Competent Authority shall exercise control over the money and the properties attached, by the Government order under section 4 of a Financial Establishment.

1. (2) The Competent Authority shall take such necessary actions as are necessary or expedient for taking physical possession of all the moneys and assets of the concerned financial establishment expeditiously and the Competent Authority shall have all the power which are necessary for the aforesaid purpose."