Auction Rules and User Agreement
On accessing www.auctionindia.com, the site of TVS Electronics
Limited, you automatically enter into the user agreement on the terms and
conditions set out below. This Agreement applies for an indefinite term.
User Registration:
Auction on the site is available only to
individuals and businesses who can enter into legal contracts. Persons
registering warrant that they provide accurate information. TVS Electronics
Limited reserves the right to disapprove your registration or terminate your
use of the site for any reason at any time
User name and Password:
You are solely responsible for all use and for
protecting the confidentiality of your user name and password and e-mail
address. www.auctionIndia.com is only a Venue:
The Site is only a venue for registered sellers to conduct sale of investment
assets and property, and for buyers to make offers on such property. TVS
Electronics Limited is not involved in the actual transactions between buyers
and sellers and therefore, no control over the quality, safety or legality of
the items advertised, the truth or accuracy of the listings, the ability of
sellers to sell items or the ability of buyers to buy items.
In the event that you have a dispute with
another User (whether a buyer or seller), you hereby release TVS Electronics
Limited, its directors, officers, employees and agents from and against any and
all claims, demands and damages (actual and consequential) of every kind and
nature, known and unknown, suspect and unsuspected, disclosed and undisclosed,
arising out of or in any way connected with such disputes. In no event will TVS
Electronics Limited be liable for any damages or losses experienced through the
use of this website regardless of whether TVS Electronics Limited knew or
should have known of the possibility of such damages or losses.
Auto
Extension Feature:
The auction will get closed on the scheduled closing time indicated in the site
if there are no bids in the last 10 minutes. If there is a bid in last 10
minutes before the scheduled closing time. The auction closing time will
get extended by another 10 minutes from the bid time. The auction will
get closed if there are no bids / bid attempts in the auto extension period
(extended 10 minutes). If there is a bid the auction continues till we
reach 10 minutes of No / Nil Activity.
Warranty:
TVS Electronics Limited is an auction service. We are not responsible for the merchantability or fitness of any item on this service. The buyer and seller assume all risk associated with the use of this system. TVS Electronics Limited is not responsible for any damages, including damages that result from, but are not limited to negligence. TVS Electronics Limited will not be held responsible for consequential damages, including but not limited to: system problems, inability to use the system, loss of electronic information which affect the auction, acts of god, nor any other act beyond our reasonable control. Users of TVS eServices agree to indemnify and hold harmless, TVS Electronics Limited, it's owners and agents for any incident of loss or damage as a result from using this system.
No shill bid:
Sales price manipulation of any kind directly or
indirectly by communication with other buyers as well as by shill bidding is
prohibited.
Taxes:
You acknowledge and agree that TVS Electronics
Limited does not take any responsibility to calculate, report or remit sales or
any other taxes which may be assessed or owing to the Taxing Authorities of any
jurisdiction for transactions that arise in connection with the use of the
site.
Changes:
TVS Electronics Limited may, in its sole
discretion, change, add or remove any portion of this Agreement, at any time,
by posting a new Agreement to the Site. Your continued use of the Site after
changes are posted will constitute your agreement to such changed Agreement.
Deemed Agreement:
Any person who accesses this site to buy, sell
or bid for goods or to use the other services are deemed to have accepted the
terms and conditions of this agreement and be further bound by the
Disclaimer.
Online Bidding Event(OBE):
An Online Bidding Event (OBE) is essentially a
process for price determination through an online, real time and competitive
interaction between participants who bid (bidders). On-line Bidding Events
initiated by the buyer are known as Reverse Auctions and those initiated by the
seller are known as Forward auctions
Disclaimer
TVS Electronics Limited (www.auctionindia.com) functions
exclusively as an information intermediary between those who initiate Online
Bidding Events (Buyers of Capital Goods/Projects, Direct & Indirect
Materials, Consumables , Industrial services etc in a Reverse Auction and
Sellers of new and/or pre-owned machinery, equipment, plant ,scrap or other
surplus asset in a Forward Auction) and those who respond to such events by
participation (Bidders interested in Selling such items in a Reverse Auction
and bidders interested in buying such items in a Forward Auction) . As an
intermediary, TVS Electronics Limited makes no warranty, express or implied, of
any of the listed Item's merchantability and/or fitness for a particular
purpose. All specifications and descriptions quoted herein are representations
of those who initiate the Online Bidding Events and TVS Electronics Limited
accepts no responsibility for any errors or omissions. All of the Items offered
herein are subject to prior sale or withdrawal by the owners. All buyers and
sellers who are exposed to each other through this site must exercise normal
commercial caution in mutual dealings and TVS Electronics Limited accepts no
responsibility for any wrongdoing by any side.
Privacy
www.auctionIndia.com intends
to give you as much control as possible over your personal information. You may
visit this site without telling us who you are or revealing any information
about yourself. Some times, however, we may need information from you, such as
your name and address. If you choose to give us personal information via the
Internet so that we may correspond with you, or provide services to you, it is
our intent to let you know how we will use such information. If you tell us
that you do not wish to have this information used as a basis for further
contact with you, we will respect your wishes. We do not sell mailing lists to
anyone. Your address and other information will be provided to other parties
purely for the purpose of business transactions. We sometimes keep track of the
domains from which people visit us. We analyze this data for trends and
statistics, and then we discard it. If you have any questions or comments about
our privacy practices, you can contact us.
Rules for Advertiser
TVS Electronics Limited shall
not be held responsible for any advertiser's claims, error, omission or
inaccuracy in advertising material, and has the right to omit, suspend or
change the position of any advertising material submitted for insertion.
Registration and Access
Each registration is
separate for every user. To access certain parts of the Site you are required
to enter your individual User Name and Password. Therefore we do not permit any
of the following:-
1.Sharing your User Name and Password.
2.Any part of the Site being cached in proxy servers and accessed by
Individuals who have not registered with www.auctionIndia.com as users of the
Site.
3. Multiple users on a network accessing through a single User Name and
password
If we have reason to believe that a User Name and Password are being
used in any of these ways, we reserve the right to cancel access rights
immediately without notice, and block access to all users from that IP address.
Right to change the Agreement
Changes, if any, will be posted to our site http://www.auctionindia.com and it is your responsibility as a user to refer to the terms on accessing this service. Any changes made by us after the first posting will have to be accepted if you continue to access the Site after that time.
Force Majeure
TVS-E Servicetec Ltd shall have no liability to you for any interruption or delay in access to the Site irrespective of the cause.
Indian Law
The Agreement will be governed by Indian Law. The Chennai courts will have exclusive jurisdiction over any disputes arising under this agreement |