S.L. 342.1 · Public Auction Regulations (S.L. 342.1)
S.L. 342.1 ст. 4Catalogue. Cap. 364.
(1) An auctioneer shall, in respect of each auction to be conducted by him, publish a catalogue of the lots being put up for auction.
(2) The catalogue mentioned in sub-regulation (1) shall contain the following information:
(a) the name of the auctioneer and/or the name of the firm or partnership on behalf of which the auctioneer is trading and the address of his office;
(b) the place where the auction is due to be held;
(c) the dates and times for viewing of the lots on auction and the dates and times of the auction;
(d) the lots due to be auctioned on each day of the auction;
(e) the conditions of the auction and the fees due to be paid by the buyer of a lot at the auction in addition to the purchase price and other charges permissible or imposed by law, including duty imposed under the
Duty on Documents and Transfers Act;
(f) the deposit to be made by the buyer;
(g) a sequential list giving a correct description of each lot to be auctioned;
(h) the lots having a reserved price, below which the seller is unwilling to sell the lots, should be marked by an asterisk in the catalogue;
(i) any lots which are the property of the auctioneer;
(j) the price of the catalogue.
(3) Catalogues shall be available for sale at the place where the auction is due to be held on the days fixed for viewing of the lots to be auctioned and on the days of the auction.
(4) A copy of the catalogue shall also be exhibited in a prominent place for public viewing in each room of the building where the auction is being held.