Forfeiture of property: court may declare assets proceeds of crime and order their transfer to the government after notice. The Court may, after considering explanations to a show-cause notice and giving affected persons an opportunity to be heard (or proceeding ex parte if they do not appear), record that all or certain properties are proceeds of crime. If specific properties cannot be identified, the Court may designate properties as proceeds. Properties found to be proceeds of crime shall stand forfeited to the Central Government free from encumbrances, and companies must register the Central Government as transferee of forfeited shares.