The Trustees of ABC Charities, a public trust, are inviting offers for the sale of a property described in the attached schedule. Interested parties can obtain tender forms and terms of sale from the Trust office for Rs. 1000. The property is open for inspection on specified dates. Offers must be submitted in a sealed envelope by a specified deadline, accompanied by a demand draft for 20% of the offered price or Rs. 15 lakhs, whichever is higher. On the deadline date, sealed offers will be opened and higher offers may be made in a bidding process. The Trustees are not bound to accept the highest offer and reserve the right to reject any offer without reason. The proposed sale is subject to regulatory approvals.
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ch_5 -PUBLIC NOTICE BY THE TRUSTEES OF A PUBLIC TRUST INVITING OFFERS FOR SALE OF THE TRUST’S IMMOVABLE PROPERTY.doc
The Trustees of ABC Charities, a public trust, are inviting offers for the sale of a property described in the attached schedule. Interested parties can obtain tender forms and terms of sale from the Trust office for Rs. 1000. The property is open for inspection on specified dates. Offers must be submitted in a sealed envelope by a specified deadline, accompanied by a demand draft for 20% of the offered price or Rs. 15 lakhs, whichever is higher. On the deadline date, sealed offers will be opened and higher offers may be made in a bidding process. The Trustees are not bound to accept the highest offer and reserve the right to reject any offer without reason. The proposed sale is subject to regulatory approvals.
The Trustees of ABC Charities, a public trust, are inviting offers for the sale of a property described in the attached schedule. Interested parties can obtain tender forms and terms of sale from the Trust office for Rs. 1000. The property is open for inspection on specified dates. Offers must be submitted in a sealed envelope by a specified deadline, accompanied by a demand draft for 20% of the offered price or Rs. 15 lakhs, whichever is higher. On the deadline date, sealed offers will be opened and higher offers may be made in a bidding process. The Trustees are not bound to accept the highest offer and reserve the right to reject any offer without reason. The proposed sale is subject to regulatory approvals.
The Trustees of ABC Charities, a public trust registered under the
provisions of ________________________ having its registered office at _______________________________________, invite offers from interested parties for purchase of the Trust’s property described in the Schedule hereunder written on “As is where is basis”. The tender form along with terms and conditions of proposed sale can be obtained from the office of the Trust on payment of Rs.1000/-. The property shall be open for inspection on __________ and _____________ between 12 noon to 4.00 p.m. The inspection shall be given to two representatives of the party purchasing the tender form and intending to submit tender and not to anyone else. The offers should be submitted at the Trust office under a sealed envelope marked as “offer for sale of property of ABC charities” to the undersigned accompanied by a Demand Draft of a Nationalised Bank of amount equivalent to 20% of the price offered or of minimum Rs.15, 00,000/- (Rupees fifteen lacs only) whichever is more latest by 3.00 p.m. on ___________________. On the same day i.e. on ____________________ at 4.00 p.m. the sealed envelopes containing the offers will be opened in the office of the Trust at which time the offerers may remain present, if they so desire, and give higher offer at the bidding to be held, if required. The Trustees are not bound to accept the highest offer or any particular offer and will be at full liberty to accept or reject any offer without assigning any reasons. The proposed sale shall be subject to the sanction of the Charity Commissioner and/or all other concerned Appropriate Authorities.
SCHEDULE OF THE ABOVEREFERRED PROPERTY
(Give detailed description of the property)
Dated this _________ day of _______________ 20____.
For Board of Trustees
Managing Trustee of ABC Charities (Full postal address)