in Judicial Sales by Auction (Amendment) Regulations, 2009

L.N. 165 of 2009

CODE OF ORGANIZATION AND CIVIL PROCEDURE

(CAP. 12)

Fees of Licensed Auctioneers or Brokers

in Judicial Sales by Auction (Amendment) Regulations, 2009

IN EXERCISE of the powers conferred by article 319(4) of the

Code of Organization and Civil Procedure (Cap. 12), the Minister

responsible for Justice has made the following regulations:-

The title of these regulations is the Fees of Licensed

Auctioneers or Brokers in Judicial Sales by Auction (Amendment)

Regulations, 2009, and they shall be read and construed as one with

the Fees of Licensed Auctioneers or Brokers in Judicial Sales by

Auction Regulations, hereinafter in these regulations referred to as

"the principal regulations".

Regulation 2 of the principal regulations shall be amended

as follows

(a)

in paragraph (a) thereof, for the words "zero point

two per cent of the value of the item sold, solely from the

purchaser" there shall be substituted the words "zero point two

per cent of the price of the item sold, solely from the applicant

on whose demand the judicial sale is made"; and

(b) in paragraph (b) thereof, for the words "zero point

one per cent of the value of the item sold, solely from the

purchaser" there shall be substituted the words "zero point one

per cent of the price of the item sold, solely from the applicant

on whose demand the judicial sale is made".