1. All participants in the Business Auction tournament must strictly follow the rules and regulations established by the committee. 

2. Each team is made up of 2-3 players, with every player requiring individual registration. 

3. An auctioneer will announce one business asset at a time 

4. Teams may bid openly and competitively

5. Bids must be higher than the previous bid 

6. Once bidding ends, the highest bidder wins the asset 

7. The winning bid amount is deducted from the team’s balance 

8. No borrowing or sharing money between teams is allowed

 9. Decisions made during the auction are final 

10. For additional queries contact the coordinators