Administration of the Attached Money and Properties

Upon the publication of the attachment order by the Government and, on the receipt of relevant papers and other record from the Government, the Competent Authority shall immediately prepare a register, recording detailed account and description of all the money and properties attached and vested in him under sub-section (2) of section 4 of the Act, and shall, as far as may be parcticable, administer the said money and properties in the best interest of the Depositors and the Financial Establishment, as he deems fit.