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How can I participate in airport auction in India?
Go to registration form from Home page. Select “Register as Individual or Company” and fill out all required details. Go through User Agreement & Privacy Policy and click on the ‘Register’ button. It is a simple registration form with minimum details for identification and security.
Who can participate in online auction?
Eligibility of participation in online auction:-Any individual above the age of 18 years can participate in online auction. 4. Validity of Bid:-The validity of the offer will be for a period of 45 days from the closing date of the online Auction.
How can I participate in auction market?
The auction process is conducted between 2-2:45 pm on a daily basis. It can be participated only by the member broker of the exchange and sell shares that are short delivered.
How can I do online auction in India?
1. Registration at online auction sites: The first step for both the buyer and seller before participating in an online auction is to register on an online bidding site. Registration is required in order to keep a track of the items you bid on or sell. The seller meets the potential buyers with the competitive bids.
Is auction illegal in India?
India Code: Section Details. (1) Where goods are put up for sale in lots, each lot is prima facie deemed to be the subject of a separate contract of sale; (6) if the seller makes use of pretended bidding to raise the price, the sale is voidable at the option of the buyer.
Is online auction legal in India?
In an auction, call for bids act as an invitation to offer. The bids made by the persons at the auction act as offer and it is at the auctioneer’s discretion to accept or reject the offer. Since all the elements of a valid contract are present, online auctions are legal contracts.
How do I participate in customs auctions?
Log onto www.mstcecommerce.com and click on ‘Indian Customs eAuction/eTender’. Then click on the ‘Proceed for eAuction/eTender’ link at the bottom of the page. A page will appear where you will have to give your username and password and log on as a Customs Auction Buyer.
Can I participate in NSE auction?
Yes, retail participants are allowed to take part in NSE’s auction market.
What is auction penalty?
Along with this, the Exchange also charges an additional penalty of 0.05\% of the value of stock per day that Mr. X failed to deliver. The sum of both the above together is called “Auction Penalty“.