(1) Any person, Except minor, may participate in open auction In case he desires to bid on behalf of any other person, he will have to produce a valid power of attorney.
(2) The intending bidders shall be required to deposit earnest money of Rs.
25000/- in respect of booth and Rs. 50,000/- for shop plot before participating in the auction on the spot with the Market Committee concerned. Anyone intending to bid for more than one category will be required to deposit the earnest money separately for each category before the auction.
(3) The successful bidder shall pay twenty five percent of the bid cost on the spot. The remaining seventy five percent bid cost can either be paid in lump-sum without interest with in thirty days of issue of allotment letter or in installment as provided in sub rule (5) of rule (4).
(4) If the successful bidder fails to deposit twenty five percent of the bid cost, his earnest money shall be forfeited.
(5) The Auction Committee shall have the right to reject any bid on the spot or withdraw any plot from auction.
8. The allottee shall bear and pay all expenses in respect of execution and registration of the deed of conveyance including the stamp duty and registration fee payable thereof.
9 . The order terms and conditions governing allotment, transfer and auction of all types of immovable properties shall be as determined by the Board from time to time.
10. No fragmentation of any plot, or building constructed thereon, shall be permitted.