Pawnbrokers Act, 1964

Sale of pledges.

30.—(1) Every auction of pawnbrokers' pledges shall be conducted by an auctioneer nominated by the Minister.

(2) The Minister may, for the purpose of this section, nominate auctioneers for specified areas and may terminate a nomination at any time.

(3) Every auction of pawnbrokers' pledges shall be conducted in the premises of the auctioneer conducting the auction.

(4) Every auction of pawnbrokers' pledges shall be conducted in accordance with the regulations contained in the Seventh Schedule.