According to the Law on Property Auction 2016, the registration procedure for participation is specified as follows:
1. Auction registrants must be individuals or organizations that are eligible to buy assets and participate in auctions in accordance with the law on auctions and other relevant laws. one of the cases specified in Clause 4, Article 38 of the Law on Property Auction 2016, including:
- Persons who do not have civil act capacity, people who have lost or have limited civil act capacity, people who have difficulties in cognition or behavior control or who at the time of registration to participate in the auction do not accept be aware and control their own behavior;
- People working in the asset auction organization conducting the auction; father, mother, wife, husband, child, brother, sister, younger brother of the auctioneer administering the auction; the person who directly assesses and values the property; father, mother, wife, husband, child, biological brother, sister, younger brother of the person who directly assesses and appraises the property;
The person authorized by the property owner to handle the property, the person who has the right to decide on the sale of the property, the person who signs the asset auction service contract, the person who has the right to decide on the sale of another person's property according to the provisions of law. the law and their father, mother, wife, husband, children, siblings, siblings.
- Persons who do not have the right to purchase auctioned assets in accordance with the law applicable to that type of property.
2. Auction registration participants must have all necessary papers together with the application for registration to participate in the auction:
- In case of individual: A copy of the identity card / identity card, or Power of attorney and a copy of the identity card / identity card of the authorized representative in case of authorizing another person to participate in the auction. price;
- In case the organization registers to participate in the auction:
• A copy of the identity card / identity card of the legal representative or the Power of Attorney of the legal representative and a copy of the identity card / identity card of the authorized representative;
• Certificate of business registration or other documents of equivalent legal validity;
3. Property auction participants must pay the deposit directly or into the account of Vu Anh Private Auction Company within the stipulated time."
