Cap. 12 чл. 314Place and time of sale by auction.

(1) Subject to the provisions of this article, the auction shall be held in public either -

(a) in the building of the courts of justice; or

(b) in any other building provided by the Minister responsible for justice for the purpose of such auctions and at such time as may be determined by the court:

Provided that the court shall have the power for just cause to order that an auction shall be held at any place and at any time, due notice of such place and time being given in the advertisement.

(2) In the case of sacred vestments and vessels, the auction shall not be held in public but the court shall give such directions as it may deem proper for their disposal in the manner most advantageous to the interested parties with due respect to the sacred nature of the object to be sold by auction.

(3) In the case of a judicial sale by auction of listed securities in regulated markets, the auction shall be held in accordance with the procedures prescribed in rules and bye-laws made under articles 4(2) and 28(2) of the Financial Markets Act.