CAP calls for a single updated and comprehensive law on auctions
Auctions have been carried out since the country was under the British rule and the laws regarding auctions have generally remained unchanged. It is time we bring the auction laws to the 21st century for the benefit of all parties concerned especially the bidders (buyers). Currently the auction business is governed by the 86 year old Auction Sales Enactment F.M.S. Cap. 81 (No. 2 of 1929) and the...
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