E Auction Procedure and Guide

(A Government of India Mini Ratna Company)
Requirements to Participate in E-
Auction:
1) Valid Registration with M/s MSTC Ltd.
2) Submission of requisite PRE BID EMD for

lots/plots.
Registration with M/s MSTC Ltd.
Step I:
 Interested Bidders have to register duly filling online form by using link
given below,
https://www.mstcecommerce.com/auctionhome/mstc/buyer_reggovts.jsp
Or
 Click on https://www.mstcecommerce.com/ >> eAuction >> Property >>

HMDA/Govt.TS Dept./Units
 Click on Register Here >> Register as a Bidder >> Select appropriate

Company Type >> Enter “Name of the Individual/Company” as per PAN (First
Name Last Name) or as per GST (if Company has GST No else as per
Company’s PAN). Check ITR Profile to check name in PAN. Refresh Page if any
error occurs.
 Do not enter any special characters while filling online registration form.
 After filling the online form an automated e-mail confirming the registration duly
allotting the buyer reference number shall be sent to the e-mail address provided
by the buyer in form and contains the link to login into the M/s MSTC Ltd website.
 Buyer needs to login and pay the registration fee as shown on the page duly
following the instructions.
 After remittance of the registration fee, the system will auto activate the
registration and displays the buyer’s dashboard after fresh login.
 Upon first time login, the buyer needs to mandatorily upload the Cancelled
Cheque/ BANK MANDATE FORM duly attested with Seal of certifying bank
Official/Manager using the available option in buyer‘s dashboard for validation
of entered bank details while filling online form.
 Buyers registering as Group of Members/Consortium as a Company Type needs

to follow following additional instructions as below,
i. Group of Members/Consortium applicants‘ not exceeding five (5) individuals

incl. Lead Member needs to be recorded online while filling the application
form duly selecting Company Type as Group of Members/Consortium.
ii. a Deed of declaration cum undertaking containing details of all members,

authorizing one of the persons as a lead member for bidding purpose has to be
submitted on Rs. 100 Non-judicial Stamp Paper. Refer Brochure for Annexure
A/Format. The copy of signed deed has to be submitted to M/s MSTC Ltd and
Seller for verification purpose.
iii. All correspondence will be made in the name of the lead member / bidding
entity herein called bidder.
iv. Mandatorily enter the lead member bank details while filling online form
and upload the Cancelled Cheque/ BANK MANDATE FORM of lead member
duly attested with Seal of certifying bank Official/Manager using the available
option in buyer‘s dashboard for validation.
v. The plot will be registered in favour of members’ jointly undivided share

only. As per the terms and conditions and procedure of the eauction, no
additions & deletions of the members/applicants is allowed after activation of
the registration.
vi. No third parties inclusion/substitution of applicant name other than the

names registered in online application will be accepted.
To pay registration fee, buyers can choose any one
of the options shown under Payment Type.
Procedure for Payment of PRE BID
EMD:
Prospective Bidders are required to pay PRE BID EMD to participate in e-
auction by login into M/s MSTC Ltd site as a buyer.
Login Link of M/s MSTC Ltd:
https://www.mstcecommerce.com/auctionhome/govts/index.jsp
 Please note that this amount is not pertaining to any specific
auction and depending on the Pre Bid EMD required for a
specific plot/lot, amount is to be added.
Upon successful receipt of payment submitted by the

buyer/bidder, it becomes a part of bidder’s ledger/wallet and can
be used in any auctions.
Same can be checked in the link EMD Ledger.
On successful receipt of payment, bidder’s EMD ledger will

display the amount submitted by the bidder.
This Pre Bid EMD can be used in any of the lots in any auction.
This can also be checked under the field "Balance EMD"
available on the live floor.
Important points to note while making pre bid EMD
payment:
 Pre-bid EMD submitted by the bidder cannot be used /adjusted towards other
payments.
 Pre Bid EMD must be paid by the bidder (NEFT/RTGS) through link "Pay Pre Bid
EMD" only.
 Payments without using link "Pay Pre Bid EMD" shall not be considered/ acted
upon.
 Payment should be made within 3 days after generating the Challan for
NEFT/RTGS otherwise Challan shall become invalid.
 One NEFT/RTGS Challan will be valid for one transaction only, if multiple
transactions are made using the same challan, amount will not reflect. MSTC is not
liable for non credit of payment.
Date of credit of payment into a/c of MSTC, shall be the basis for accepting the
payments.
Procedure to Participate in e-auction:
Bidders are required to login into M/s MSTC Ltd website to participate in e-
auction as a buyer.
Login Link of M/s MSTC Ltd:
https://www.mstcecommerce.com/auctionhome/govts/index.jsp
Bidding Process:
(i) Registered bidders who have paid the requisite PRE BID EMD for lots/plots
can participate in e Auction as per bidding schedule.
(ii) The bid value can be the basic price per UOM as prescribed exclusive of all
applicable levies, Duties etc. The bidders shall quote in INR per UOM.
(iii) Each e-auction Lot of Land Parcel is a separate entity for bidding. Bidders
have to bid separately for each e-auction lot.
(iv) e-Auction period will be of 3 (three) hours duration whether the bids received
or not subject to automatic extension.
(v) If any valid bid received in less than 8 minutes before closing time which is
displayed against each lot in live floor, closing time will automatically extend
by 8 minutes from last bid time, thus giving equal opportunity to all to revise
their bids on that lot.
(vi) The process will continue as long as bids are recorded during live auction for
bidders.
(vii) The e-auction will close at a time when there will be no bid for consecutive 8
minutes in extended time.
(viii) During normal and extended period of e-auction, bidders can increase bid
amount by a minimum as given in brochure per UOM and its multiples for each
Plot/Lot per UOM.
(ix) When bidding for all the lots in an e-Auction stops, e-Auction will close.
Procedure to take Refund of Pre Bid EMD by unsuccessful buyers:
 Buyers have to mandatorily upload the cancelled cheque or bank mandate
form (signed and attested by banker) duly login into M/s MSTC Ltd site as as
buyer.
 The uploaded forms shall be scrutinized and bank details will be validated.
If there is any mismatch in the uploaded cheque/bank mandate form with the
details entered while online registration, a mail shall be sent to buyer for
checking and uploading the correct cheque/bank mandate form.
Upon validation of details, if bidder is unsuccessful and wish to get the

refund of their Pre Bid EMD, they have to raise EMD refund request from the
link "EMD refund request".
Within 7 working days, bidder’s payment will be refunded. Pre bid of the
successful buyer shall be transferred to HMDA for further necessary action at
their end.

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(A Government of India Mini Ratna Company)

2) Submission of requisite PRE BID EMD for

 Click on https://www.mstcecommerce.com/ >> eAuction >> Property >>

 Click on Register Here >> Register as a Bidder >> Select appropriate

 Buyers registering as Group of Members/Consortium as a Company Type needs

i. Group of Members/Consortium applicants‘ not exceeding five (5) individuals

ii. a Deed of declaration cum undertaking containing details of all members,

v. The plot will be registered in favour of members’ jointly undivided share

vi. No third parties inclusion/substitution of applicant name other than the

Login Link of M/s MSTC Ltd:

Upon successful receipt of payment submitted by the

Same can be checked in the link EMD Ledger.

On successful receipt of payment, bidder’s EMD ledger will

Login Link of M/s MSTC Ltd:

Upon validation of details, if bidder is unsuccessful and wish to get the

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