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        SEBI

        Regulation 8 - Sale of properties

        Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018
        Part III
        Sale of properties

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        Sale of properties procedure: valuation-led e-auction with reserve-price control and supervised fund custody. The Administrator must obtain an independent valuation by a registered valuer before sale; the Recovery Officer sets a reserve price; sales are conducted by e-auction with possible repetition and under the Recovery Officer's supervision; on receipt of sale consideration the Recovery Officer confirms the sale; proceeds are deposited in a separate scheduled public sector bank account under the Recovery Officer's control.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Sale of properties procedure: valuation-led e-auction with reserve-price control and supervised fund custody.

                              The Administrator must obtain an independent valuation by a registered valuer before sale; the Recovery Officer sets a reserve price; sales are conducted by e-auction with possible repetition and under the Recovery Officer's supervision; on receipt of sale consideration the Recovery Officer confirms the sale; proceeds are deposited in a separate scheduled public sector bank account under the Recovery Officer's control.


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