40. Power of Court to commit for trial and to bind over witnesses .-
Whenever, in the course of an investigation under this Chapter, it appears to the Court making the investigation that any person has committed, within 1 [the territories to which this Act extends], an offence punishable under any law in force in 1[such territories] the Court making the investigation may (subject to such rules consistent with this Act as the High Court may, from time to time, make in this behalf)-
(a) cause such person to be arrested;
(b) commit him or hold him to bail to take his trial before the proper Court;
(c) bind over any other person to. give evidence at such trial; and
(d) exercise, for the purposes of this section, all the powers of a Magistrate of the first class or of a Presidency Magistrate.