Amendment status not verified — confirm the current text below against the official source.
(1) The persans whose bid has been accepted shall pay | the amount offercd by him for fithing in full at the time of auction o1 shall’ pay ore third of auction amount at ihe time of auction and the remaining ‘amount within 30 days from tkedate of the auclion.In case of failure to deposit {he remaining 2/3rd amount bythe bidder within the stipulated | peticd of 30 days, the 1/3rd amount deposited: by the bidder at the time of auction shall be forficitcd.’ In ‘case where the bid amountis lessthan ten thousand rupccs, the whole: emount shall have'to be paid at the time of auction. aS oS as ° (2) A person, in whose favout the auctionis closed shall. at. the fall of hammer, also deposit withthe licencing authoiity ar amount equal to 5% of contract amount as. Cash security for faithful obser vance of provisions of these1ules ~ and tems of his licence. If the licercee commits breach of any terms of his licer.ce then without prejudice to any © othez -action that may be taken against him,thke cash security 61 such Portion thereof as the licencing au hority may.deem fit, shall be for cfeited to Goverr ment. eee ; ok “ (3) After the payment of the 1/314 amount the lictn.ceé shall ful nish an agieemert decd in Porm’ Atothe satis action of .the licencing authority withinten days fromthe date of issue .of the acceptance of the bid. , , tas (4) After depositirg the total bid amount asrequircd by, sub-1ule (2), fur nishing the cash scomily asrequired by sub-rule (2) and the agrecment deed asrequired by sub-1ule (3) ‘bythe licercee a licerce in Form B shall be issued to him. (5) In case the bidder in. whoge name the auctionis closed faiis, to pay the amount due from him at the fallof.the hammer ot the amount of security rcquircd to be deposited under sub-rule (2) or fails to futnish the agrccment deed asrequired under sub-1uk (3), the auctioning authoti- tyshall have the right to forfeit the earnest morcy, the 1/31d amountr already deposited at the time of auction and(the cash sccurily, cancel the Payment: of amount contract, Secticn 3. 668) CamScanner Duration of | licence. Section 3. Conditicns of licence. Section 3, 838 HARYANA GOVT GAZ., JUNE 18, 1996: (JYST. 28, 1918 SAKA) —— bid, re-auction the fishing 1ights and also debar such a bidder from bidding for three years. ,