Company : Sol Infotech Pvt. Ltd. Website : www.courtkutchehry.com DISPOSAL OF CONSIGNMENT RULES, 1991 CONTENTS 1. Short title and commencement 2. Manner of disposal of detained or unclaimed consignment 3. Notice for public auction DISPOSAL OF CONSIGNMENT RULES, 1991 DISPOSAL OF CONSIGNMENT RULES, 1991 1. Short title and commencement :- (1) These rules may be called the Disposal of Consignment Rules, 1990. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Manner of disposal of detained or unclaimed consignment :- (1) If ny consignment,- (a) detained under Sec. 83 of the Railways, Act 1989, or (b) treated as unclaimed in respect of which notice under Sec. 84 of the said Act 1989 cannot be served or there is a failure to comply with the requisition in the said notice, is not sold by public auction, the Divisional Commercial Superintendent may. on being of the opinion that it is not expedient to hold the auction, record reasons therefor In writing and may direct the sale of consignment or part thereof by inviting offers. (2) Offers for the purchase of consignment may be invited,- (a) from the regular dealers of such goods as are in the consignment ; or (b) from such departments of the Central Government and of the State Government as appear likely to purchase such goods: or (c) from the Government undertakings. (3) The highest of the offers of price may be accepted by the Divisional Commercial Superintendent and the goods may be sold to the highest offerer; (4) Where only one offer is received, the Divisional Commercial Superintendent may, keeping in view the condition and quality of the goods and the prevailing market rate, accept the offer if he considers such offer to be a fair price for the goods and the goods may be sold to that offerer. 3. Notice for public auction :- Where there is no local newspaper in which notice of the public auction can be published, such notice shall be displayed at a conspicuous place,- (a) at the goods, shed: (b) at the parcel office: (c) at the lost property office, if any, or (d) at the premises where such auction is to be held.