ROYAL WESTERN INDIA TURF CLUB, LTD.
Registered Office: Race Course, Mahalakshmi, Mumbai - 400 034
CIN : U91990MH1925PLC001182

ANNUAL AUCTION SALE 2024

ROYAL WESTERN INDIA TURF CLUB, LTD.
6, Arjun Marg,
PUNE 411 001
Registered Office: Race Course, Mahalakshmi, Mumbai - 400 034
CIN : U91990MH1925PLC001182

No:SBD/AS-2024/E/23/1726

Date : 30 Sep 2023

Dear Sirs,
RE : Royal Western India Turf Club Ltd. (“RWITC LTD.”) ANNUAL AUCTION SALE - 2024(“the said Sale”)
1. This letter invites entries into the Catalogue for the Annual Auction Sale of Two-Year-Olds(foals of 2022) and thereafter entry into the Sale Venue to be conducted by the Royal Western
India Turf Club, Ltd. at the Race Course, Mahalakshmi, Mumbai - 400 034.

2. Vendors are requested to PERUSE CAREFULLY the contents of this letter and theconditions contained herein. Also attached herewith is a copy of the Conditions of Sale, as theacceptance of the entry by RWITC Ltd., is subject to the vendors accepting the Conditions ofSale. “Conditions” shall mean and include the conditions contained in this letter as also theConditions of Sale contained in the attached copy of Conditions of Sale. The Vendors(s)making an entry shall be deemed to have consented and accepted that in the event of any
dispute arising, whether out of decision of RWITC Ltd. or otherwise, the same shall be subject
to the jurisdictional courts within the city of Mumbai, (India) only, to the exclusion of any othercourts in India.

Date & Timing
3.

The Sale will be conducted on Friday, 02 Feb 2024 commencing at 4.00 p.m.

General Eligibility for the Sales
4. The Sale is open to 2022 - born foals recorded in the Return of Mares 2022 provided that
their Certificates of Identity have been finally registered by the date of entry.

Entries
5. Entries must be made in the prescribed forms and must be accompanied by a covering
letter attached to them. A person making an entry as an agent must also attach an
Authority Letter / Form from the owner/s of the said lot unless the same is alreadyregistered with RWITC Ltd. If no Authority Letter / Form is attached / registered, the person/s
making the entry will be liable to pay the relevant entry fees and which aforesaid entry fee is
not refundable under any circumstances or reason whatsoever including in case where the lot
is withdrawn due to non-submission of Authority Letter / Form. Copies of Authority Letters /Forms may be made if more copies are required. Authorities which are valid until revoked, shallbe accepted / permitted if so specifically worded and in case of revocation of such authorities,
such revocation of authorities must be done in writing and submitted to the office of RWITC
Ltd. Authority Letters / Forms must be submitted to the office of the RWITC Ltd. not later thanthe date stipulated by RWITC Ltd. from time to time, failing which the lot shall be withdrawn
due to non-submission of Authority Letter and the entire Entry Fees shall nevertheless bepayable and be debited to the relevant account of the person/s concerned.

Charges Payable by The Vendor
6. Entry Fee to the Catalogue - ` 8,500/- per lot + GST @ 18% or applicable rate at the timeof making entry.
7. Non-payment of entry fee by any Breeding Establishment / Vendor / Agent for any lot at
the time of making entry would render the Breeding Establishment / Vendor / Agent liable to be
put on the Sale Ban List and their other lots would NOT be permitted to participate in the said
Sale. The Club will also proceed against the Breeding Establishment, its directors / partners
and / or Vendor and / or agent who are members for outstanding Club dues as per the Articles
of Association of the Club.
8. Debits to Stud Accounts for Catalogue Entry Fees, if requested, will only be made if
there is sufficient credit balance in the Account.

Arrival charges for lots Entering Racing Stables in Western India
9. For lots entering racing stables in Western India, an arrival charge will be payable by theowner / owners of the lot on the day it enters a trainer’s yard. This amount is as decided by theCommittee, RWITC Ltd., and notified by them from time to time and will be charged to theaccount of the trainer taking charge of the lot.

Closing Date of Entries
10. Entries for the Catalogue will close at 5.00 p.m. on Tuesday, 31 October 2023.
Entries received after the closing time, irrespective of any “force majeure” situations, will betreated as late entries unless proof of despatch at least 7 days prior to close of entry byRegistered Post / Speed Post only is adduced.
11. Entry fees must be paid by Demand Drafts or Cheques drawn on Banks and / or payableat par in Mumbai or Pune only (or electronic fund transfer to the RWITC Ltd bank accounts at
Mumbai / Pune). Please note that upcountry Cheques will not be accepted. Entry fee canalso be defrayed from Stud / RWITC Ltd. Racing Accounts provided there is sufficient credit in
the concerned Accounts. Entries not accompanied by the Entry Fees will NOT be
accepted.

Late Entries
12. Late Entries. Entries received after the catalogue goes to Press may be accepted at thediscretion of the Committee of the Club / Annual Auction Sale Working Group.

Acceptance of Entries
13. The Committee of the Royal Western India Turf Club, Ltd. reserves to itself the right torefuse entries for the Catalogue in its absolute discretion. In particular, the following types ofentries are liable to be rejected :(a) Entries not made on the prescribed forms and / or not accompanied by the covering
letter.
(b) Entries made on forms incompletely filled in.
(c) Entries not supported by Authority Letters / Forms.
(d) Entries made by Vendors and / or their authorised Agents whose accounts with theClub are in debit or who have not paid the previous dues to the Club, including entry
fees / forfeits for horses entered in the Poonawalla Breeders’ Multi Million in any of theprevious years.
(e) Entries of lots not eligible for the Catalogue.
(f) Unsigned entry forms and covering letters.
(g) Entries made by Vendors or their agents whose entries are not to be accepted as pera resolution of the Committee of RWITC Ltd.
(h) Entries made by persons to whom the letter inviting entries has not been sent.

14. Lots that die prior to arrival in Mumbai will be refunded the Catalogue entry fees (less GST@ 18% or applicable rate paid) actually paid, provided the same is informed to the In-charge,
Annual Auction Sale Cell before 24 Jan 2024. However, no refund is admissible after arrival in
Sale Stables.

Entry Into Sale Stables
15. Horses will be permitted to enter the Sale Stables only after 6.00 a.m. on 24 Jan 2024.
HOWEVER, ALL HORSES MUST ARRIVE INTO THE ANNUAL AUCTION SALE STABLES
BY 5.00 P.M. ON 28 JAN 2024. THIS IS MANDATORY, AS STIPULATED BY THE SENIOR
VETERINARY OFFICER, RWITC LTD. SO AS TO FACILITATE TIMELY ISSUANCE OF
HEALTH CLEARANCE CERTIFICATE WELL IN TIME BEFORE THE HORSES LEAVEAFTER THE SALE.

16. Lots whose authorities from owners is not lodged with RWITC Ltd. will not be permitted
entry into Sale Stables.

17. ANY HORSE THAT DOES NOT POSSESS THE STIPULATED HEALTHCERTIFICATES i.e. EIA / GLANDERS / EQUINE INFLUENZA OR ANY OTHER NOTIFIEDDISEASE WILL NOT BE PERMITTED TO ENTER SALE OR RWITC STABLES. RWITC Ltd.
will render help, without being bound to do so, in obtaining such Certificates, but it is the
ULTIMATE RESPONSIBILITY OF THE VENDORS themselves to obtain the required
Certificates and the Club will not be liable for errors / omissions on this account. For such help,
administrative charges, as decided will be levied for each such Certificate.
18. Horses which have been duly withdrawn from the Catalogue or are not entered are noteligible for accommodation in Sale Stables.
19. Sale stables cannot be used as transit stables for two-year-olds or mares or any otherhorses. RWITC Ltd. Stewards at their sole discretion may permit such horses to use otherstables belonging to RWITC Ltd. on application and payment of prescribed stable charges
and / or other terms and conditions as may be fixed by them. Such application shall be madebefore end of Dec 2023 to the Sr. Stipendiary Steward of RWITC Ltd only.
20. Refusal of any Stud / Vendor or their agent or representative to bring a horse to the Sale
Ring when, so ordered to do, by the In-Charge, Annual Auction Sale Cell, or the Sr. Stipendiary
Steward of RWITC Ltd shall entail a non-appearance charge of ` 50,000/- + GST @ 18% orapplicable rate.
21. ONLY APPROVED OWNERS TO BID. Only persons who are approved Owners of horses
i.e. persons approved by a race club to own and run racehorses shall be permitted to bid at thesaid Sale. All approved owners shall remit 10% of the purchase price immediately. Thebalance amount of the purchase price must be remitted to RWITC within 03 (three) days of theconclusion of the said Sale. If the purchaser/s do not remit the balance amount within 03 daysof the conclusion of the said Sale, the initial amount of 10% remitted by the purchaser/s shallstand forfeited by RWITC without any further notice to the purchaser/s and further, the said
Sale shall be deemed to have stood cancelled automatically on the expiry of the aforesaid 03(three) days period and the Lot shall be returned to the Vendor. In addition, the purchaser/s
who default in payment will immediately be placed on the Unpaid Forfeit List with all attendantconsequences as per the Rules of the Racing of RWITC Ltd.
22. A maximum of ` 1,90,000/- in cash (as per requirement of Income Tax Act) may beremitted by the purchaser for all lots together purchased by him on a particular day
where the value of purchase (incl. GST) does not exceed ` 1,99,999/-. The remaining
amount must be remitted by him/her by Demand Draft or bank / electronic transfer.
Direct Entry Into Trainers’ Yards
23. Two-Year-Olds whether entered in the Catalogue or not may be permitted to enter the
trainers’ yards at Mumbai on a date which will be separately notified by the Stewards of the
RWITC Ltd. If such horses arrive before that date due prior permission shall be obtained fromthe Stewards of RWITC Ltd by the person in-charge of such horses before they arrive in
Mumabi. Such permission may be given by the Stewards on such charges and terms andconditions as the Stewards deem fit. Such horses will not be permitted to be stabled at theAnnual Auction Sale Stables.
Draw
24. The Draw of lots for the Catalogue will be held on Wednesday, 15th November 2023 at
11.00 a.m. at the Office of the Stud Book Department, 6 Arjun Marg, Pune 411 001. Vendors or
their authorized representatives are welcome to attend.

Conditions of Sales
25. The Committee of the RWITC Ltd. reserves the right, in its absolute discretion, to amend,
modify and add to or delete any existing clauses in this letter and the attached Conditions ofSales.
By Order of the Committee

Sd/Secretary,
ROYAL WESTERN INDIA TURF CLUB, LTD.

P.S. It is brought to the notice of all vendors that should they need any extra forms orcovering letters, they can get them xeroxed from the ones enclosed or download themfrom www.indianstudbook.com.

Royal Western India Turf Club, Ltd.
Registered Office: Race Course, Mahalakshmi, Mumbai - 400 034
CIN : U91990MH1925PLC001182

CONDITIONS OF SALE FOR ANNUAL AUCTION SALE - 2024
For the purpose of the following Conditions of Sale the expression “vendor”, “purchaser”, “sale”
and “sold” shall be deemed to include “lessor”, “lessee”, “lease” and “leased” respectively.
These Conditions of Sale do not in any manner whatsoever, spell out Conditions of
Eligibility for future Sales to be conducted by Royal Western India Turf Club Ltd. (“RWITC
Ltd.”) and any lot entered in this Catalogue is not automatically eligible for future Sales.
Eligibility for future Sales will be as specified in the letter inviting entries for that Sale.

----------------------------------------------------- IMPORTANT ----------------------------------------------------As the accommodation at Mumbai Race Course is limited, a total of only 250 entries will
be accepted for the said Sale. The Committee shall, if required, draw up the performance
criteria based on which the excess entrants shall be refused entry and would consider
keeping a reserved list of such horses, which could be substituted for horses not
arriving for the said Sale. PROVIDED, HOWEVER AND NOTWITHSTANDING THE
AFORESAID, it is expressly clarified that the Committee shall have power at all times, attheir sole and absolute discretion, to either restrict the number of entries to less than
250 or to permit increase in the number of entries to more than 250 or to vary the
number of entries which may have already been permitted for the said Sale. This power
may be exercised by the Committee at any time before horses arrive at Mumbai andenter the Sale Stables and the Committee shall not be liable to any person or party forany such decision in the matter.
------------------------------------------------------------------------------------------------------------------------------

Entries in the Sale Stables
1. Each Lot shall be at the Vendor’s entire risk for any loss, damage or injury whether by
disease, accident, willful or negligent act or default of any person, natural cause or otherwise,
howsoever from the time of arrival till the time the Lot shall be in the Club’s Sale Stables unlesssuch Lot shall have been sold in which case such Lot shall be at the Purchaser’s entire risk in
all respects from the fall of the hammer or from the time a sale form is handed in and the Club
shall in any event not be liable or responsible either to the Vendor or the Purchaser in any
manner whatsoever.
2. The RWITC Ltd. shall in no way be liable for any damage or injury, caused by any horse at
any time when in the Sale Stables / Parade Ring / Holding Area or Sales Paddock, either to theattendant of the two year old or to third parties.
3. Any loss or theft of the Vendor’s or visitors properties or any injury or accident to the
Vendor’s or visitor’s or their employees at Sales Stables / Parade Ring / Holding Area or sales
paddock will not be the responsibility of the RWITC Ltd.
4. Any Lot may be examined by previous arrangement with the consent of the Vendor or his
representative.

Entry into Sale Stables
5. Lots will not be permitted to enter the Sale Stables before 6.00 a.m. on 24 Jan 2024.
Permission to bring their horses earlier than 24 Jan 2024 may be given to vendors inexceptional circumstances if an application in writing is made before 31 December 2023 giving
full details. HOWEVER, ALL HORSES MUST ARRIVE INTO THE ANNUAL AUCTION SALESTABLES BY 5.00 P.M. ON 28 JAN 2024. THIS IS MANDATORY, AS STIPULATED BY THE
SENIOR VETERINARY OFFICER, RWITC LTD. SO AS TO FACILITATE TIMELY ISSUANCE
OF HEALTH CLEARANCE CERTIFICATE WELL IN TIME BEFORE THE HORSES LEAVEAFTER THE SALE.
6. ANY HORSE THAT DOES NOT POSSESS THE STIPULATED HEALTH CERTIFICATES
WILL NOT BE PERMITTED TO ENTER SALE OR RWITC STABLES. RWITC Ltd. will render
help without being bound to do so, in obtaining such Certificates, but it is the ULTIMATERESPONSIBILITY OF THE VENDORS themselves to obtain one and the Club will not be liable
for errors / omissions on this account. For such help, administrative charges, as decided will belevied for each such Certificate.
7. Any Lot whose Sale form is lodged with the Club will be automatically considered as being
withdrawn from the Sale, unless the new owner intimates, in writing, that the Lot will passthrough the Ring.
Direct Entry into Trainers’ Yards
8. Two-Year-Olds whether entered in the Catalogue or not may be permitted to enter the
trainers’ yards at Mumbai on a date which will be separately notified by the Stewards of the
RWITC Ltd.
Feeding
9. As a service to Vendors, RWITC Ltd., will arrange to provide fodder at fixed rates, provided
the Vendor intimates his requirement in writing. The total amount must be settled by
29 Feb 2024 failing which such amount will be treated as outstanding Stud / RWITC Ltd., dueswith all attendant disqualifications like non-registration of returns / documents, suspension ofmembership, etc.
Fire Hazard
10. All Vendors who bring their horses into the Sale Venue, by the very act of doing so
undertake to observe such fire precautions as are prescribed and render themselves liable tothe prescribed penalties for failing to observe them.
11. Any violation of fire security orders will constitute an offense. Designated employees of theClub and security personnel will hold a “Panchnama” on observing any violation of fire security
orders and notify the fact to their superior officer and no further corroboration will be deemednecessary. Penalties for violation will be as under: (a) First InstanceSale Cell.

- A written warning will be issued by In-Charge, Annual Auction(b) Second Instance - A penalty of ` 1,000/- will be levied which will be payable
immediately in cash.
(c) Third Instance - A penalty of ` 5,000/- will be levied which will be payable
immediately in cash.

(d) Fourth Instance - The matter will be reported to the Committee with therecommendation that the offending Vendor be barred from coming for the RWITC Ltd.
Sales for a period to be determined by the RWITC Ltd. Committee.
12. The Club will endeavor to provide adequate fire fighting facilities. Vendors should projectin writing any shortcomings or additional requirements in this regard.
Rolling
13. Rolling of lots will be carried out as follows :(a) On Monday

29 Jan 2024-

4.30 p.m. to 6.30 p.m.

(b) From Tuesday
to Thursday

30 Jan 2024
01 Feb 2024-

8.30 a.m. to 11.30 a.m.
4.30 p.m. to 7.30 p.m.

(c) On Friday

02 Feb 2024-

8.30 a.m. to 11.30 a.m.

Draw - Rolling Rings
14. Allotment of Rolling Rings will be informed to all concerned in due course.
Catalogue Details
15. The Vendors are solely responsible for the accuracy of all information concerning theirhorses, including the write-ups in the Catalogue.
16. While every effort has been made to ensure the accuracy of the information contained
therein, it is possible for inadvertent errors to happen and the RWITC Ltd. will not accept
liability for any loss resulting to any party from any such errors or omissions contained in theCatalogue details.
17. No errors of descriptions either as to quality, pedigree, performance or engagements shallvitiate the sale of any Lot nor shall the purchaser be entitled to any rebate or allowance.
18. No warranty of any nature whatsoever is given or implied with any Lot offered and all Lotsare open to inspection prior to the commencement of the Sales vide Para 4 & 13 above. EACH
LOT IS SOLD WITH ALL FAULTS, IF ANY.
Lots Not Arriving in Mumbai
19. All lots, whose intimation of arrival has not been lodged on the prescribed form with theAnnual Auction Sale Cell by 3.00 p.m. on 02 Feb 2024, will be taken as withdrawn from theCatalogue.
Withdrawals
20. Withdrawal charge of ` 10,000/- + GST as applicable will be payable for any Lots
withdrawn after arrival in Mumbai Sale Stables but the withdrawal form will have to belodged by 12.30 p.m. on 02 Feb 2024. All lots not so withdrawn or whose sale is not registeredwith the Club, must pass through the Sale Ring.
21. On the day of the Sale, no lot can be withdrawn after 12.30 p.m. There will be aminimum of four horses in the “Holding Area” at any given time.

Non-Appearance Penalty
22. A Non-appearance penalty of ` 50,000/- + GST @ 18% or applicable rate will be levied on
any Lot which has arrived in Mumbai by 28 January 2023 and has failed to appear in the Ringin its scheduled turn. The orders if any given by the In-Charge, Annual Auction Sale Cell orChief / Sr. Stipendiary Steward of RWITC Ltd requiring appearance of a horse in the Ring,
shall be binding on all Breeding Establishment / Vendors / Agents / Representatives anddisregard / non-observance or breach of such orders shall entail the levy of the nonappearance penalty.
23. In addition to imposing the non-appearance penalty, the Committee may at its sole
discretion also debar the Vendor from entering any lot in any future Annual Auction Sale held
by RWITC Ltd if the Vendor fails to satisfy the Committee about the reasons for the nonappearance. The decision of the Committee shall be binding on the Vendor.

Withdrawal On Veterinary Grounds
24. After arrival in Mumbai, any lot may be withdrawn on account of illness or accident only
provided the same is under a certificate issued by the Senior / Chief Veterinary Officer of
RWITC Ltd.
25. Lots withdrawn for the above reason shall have to be moved to the Equine Veterinary
Hospital in Mumbai OR Isolation Stables and shall not be permitted to be shown to any
person other than to a Veterinarian or the Owner/s thereof.
26. Even if a Lot is withdrawn on account of illness or accident, after arriving in Mumbai at theSale Venue, the withdrawl charges of ` 10,000/- + GST as applicable, will be payable.

Bidding At The Auction
27. The highest bidder at or over the Vendor’s reserve, if any, to be the purchaser and if any
dispute arises between two or more bidders, the Lot so disputed shall immediately be put up
again and resold. The RWITC Ltd. reserves the right to reject any or all bids.
28. The RWITC Ltd. reserve to themselves the right to sell without reserve unless written
orders to the contrary are sent before the Sale and Vendors reserve to themselves the right tobid through the Auctioneer as their agent as often as they please.
29. The minimum starting bid shall be ` 10,000/-. Bidders shall advance by ` 1,000/- till
` 1,00,000/-, ` 5,000/- till ` 3,00,000/- and ` 10,000/- thereafter.
30. ONLY APPROVED OWNERS TO BID. Only persons who are approved Owners of horses
i.e. persons approved by a race club to own and run racehorses shall be permitted to bid at thesaid Sale. All approved owners shall remit 10% of the purchase price immediately. Thebalance amount of the purchase price must be remitted to RWITC within 03 (three) days of theconclusion of the said Sale. If the purchaser/s do not remit the balance amount within 03 daysof the conclusion of the said Sale, the initial amount of 10% remitted by the purchaser/s shallstand forfeited by RWITC without any further notice to the purchaser/s and further, the said
Sale shall be deemed to have stood cancelled automatically on the expiry of the aforesaid 3(three) days period and the Lot shall be returned to the Vendor. In addition, the purchaser/s
who default in payment will immediately be placed on the Unpaid Forfeit List with all attendantconsequences as per the Rules of the Racing of RWITC Ltd.

31. A maximum of ` 1,90,000/- in cash (as per requirement of Income Tax Act) may beremitted by the purchaser for all lots together purchased by him on a particular day
where the value of purchase (incl. GST) does not exceed ` 1,99,999/-. The remaining
amount must be remitted by him/her by Demand Draft or bank / electronic transfer.
32. Should the highest bidder fail to sign the Auctioneer’s Card and deposit 50% of the saleprice as provided for above, the concerned lot will be put up for auction again as soon as
feasible with the same reserve price, if any. While RWITC Ltd. will endeavor to take suchaction as is warranted or possible against such a defaulter, it will not be liable for any damages
to the Vendor on account of the default.
33. If a Trainer bids for a Lot at the Annual Auction Sales and a default is committed withregard to payment thereof, the said Trainer will be held solely responsible for payment of thepurchase price, etc of the said Lot and will be placed on the Unpaid Forfeit List with all its
attendant consequences as per the Rules of Racing.
34. If any person shall purchase a Lot and not pay for it within the time limit, nothing containedin these conditions shall prevent the RWITC Ltd. and / or Owner of the Lot from compelling thepurchaser to pay for it by such action as they think fit, if the RWITC Ltd. and / or the Owner
shall so desire.
35. If a person declared by the Club to be the purchaser of a youngstock either in the ring orby private treaty duly registered with the Club fails to perform and / or honor the agreement
entered into by him / her for the purchase and / or lease of a two year old or any otherracehorse at an auction sale held under the auspices of the Club (the decision of theCommittee as to whether such a person has failed to perform or honor the written agreementof purchase or not will be final and conclusive and binding on the person concerned) or fails toobserve undertakings given by him / her to the Club, such person shall be liable to undergosuch punishment as may be deemed fit by the Committee at its discretion, including being
placed on the Unpaid Forfeit List with all its attendant consequences as per the Rules ofRacing.
36. Purchasers are advised in their own interest to maintain sufficient amount in deposit with
the RWITC Ltd. to cover the purchase money of the Lots intended to be purchased by them at
the Annual Auction Sales.
37. If the purchaser shall fail to comply with these Conditions or any of them, any money which
he shall have paid to the RWITC Ltd. on account of his purchase shall be absolutely forfeited to
the RWITC Ltd. and the Owner and / or the RWITC Ltd. shall be at liberty to sue such
purchaser for breach of contract, or at their option to resell the Lot/s in any manner and uponsuch terms and conditions as they may think proper, and all loss and expenses, consequent
upon such resale and all damages which the RWITC Ltd. may sustain thereby shall berecoverable by them from the purchaser as and for liquidated damages, and it shall not benecessary to give any notice of such resale to the defaulter.
38. Lots may be bought-in by Vendors, Owners or their Authorised Agents through theAuctioneer only. The full commission of 1% on the last bid, shall be charged for all lots
declared sold by the Auctioneer irrespective of the fact that it may be signed for by the
Vendors, Owners or their Authorised Agents.
39. Horses bought-in or receiving no bids in the ring will be allowed to be sold / leased
privately and their sale / lease forms shall be accepted for registration at any time after thebought-in / no bid announcements are made by the Auctioneer.

Commissions
40. The Club will charge commission on all Lots entered in the Catalogue from the time of its
arrival in Mumbai till the end of the Sale. The Commission will be charged as under:(a) Lots sold / leased in the Ring. 1% of the last bid.
If there is no bid in the Auction Ring for any Lot, an offering fee of ` 3,000/- will becharged.
(b) Lots bought-in. Flat fee of ` 10,000/(c) Lots sold / leased outside the Ring(i) If a Lot is sold / leased with a contingency and the contingency amount isquantified then 1% commission or ` 3,000/- whichever is higher, will be charged on the
combined sale price as well as on the contingency amount.
(ii) If a Lot is sold / leased with a contingency but contingency amount is notquantified, then 1% commission or ` 3,000/- whichever is higher, will be charged on
the sale price and a further sum of ` 2,500/- will be charged as commission for the
non-quantified contingency.
(iii) If a Lot is sold / leased only on contingency and no sale price is declared nor
contingency amount is quantified, a sum of ` 3,000/- only will be charged ascommission.
41. In all the above cases, the date of the sale will be the date on which the sale deed isreceived in the Registered Office of the RWITC Ltd. and not the date put on the sale deed or
the date on which the sale deed is posted or despatched.

Goods & Service Tax (GST)
42. GST @ 12% or applicable rate as prescribed by Government will be recovered from thePurchaser on the purchase price of any Lot purchased in the State of Maharashtra at any timeafter arrival in Mumbai. It will be the responsibility of the vendors, selling the horses to comply
with GST requirement (as applicable) including raising of invoice and payment of taxes, e-way
bills, etc.
43. The Vendor shall be entitled to receive the purchase money as soon as possible after theSales provided the Club shall have by then received the purchase money and due taxes
and / or delivered the Lot out of their custody, but not before.

Delivery of Lots and Removal from Sale Stables
44. All Lots to be settled for in full before delivery is affected. In case a Lot is not paid for by
the highest bidder, declared to be the Purchaser thereof within 24 hours from the time of its
having been knocked down to him at the Auction, it shall be open to the RWITC Ltd. or the
Owner to put up the Lot for resale by Public Auction, and the deficiency on such resale will
have to be made good immediately by the defaulter of the first Sale. The RWITC Ltd. will not
be responsible to the Owner of the Lot for any deficiency on such resale.

45. Custody and possession of any Lot sold under the hammer shall remain with the Vendors
until they are directed by the RWITC Ltd. to deliver the Lot to the Purchaser or his Agent. No
order or directions to deliver such Lot will be given to the Vendor by the RWITC Ltd. until
payment in full and taxes have been received by them from the Purchaser.
46 No Lot can be removed from the Sale Stables either by the Vendor or the Purchaser,
unless a “Clearance Certificate” / “Gate Pass” from the Accounts Department is lodged with
the Stable Supervisor. Removal of horses without lodging of such a Certificate is an offense
which will be reported to the Committee and will make the person concerned to become liablefor payment of all dues like, taxes, commission, forfeits, etc. of any and every naturewhatsoever which are payable under any of the clauses of the conditions of sale.
47 All lots must vacate the Sale Stables by 29 February 2024. Lots staying on in the RWITC
Stables after 29 February 2024 (unless a Western India trainer has taken proper charge), will
be liable to pay stable rent of ` 300/- per day per horse for the first 15 days, ` 500/- per day perhorse for the next 15 days and ` 1,000/- per day per horse thereafter. Names of Vendors /Owners who overstay will also be reported to the Committee for further action as deemed
appropriate.
Purchasers Not Taking Delivery In Time
48. If a lot has not been paid for in full and yet the Vendor desires to have the lot handed overto the Purchaser/s prior to receiving the full / balance payment of the lot, the Vendor shall insuch case authorize the Club in writing to hand over the lot to the Purchaser/s, the same beingat the sole risk, responsibility and liability of the Vendor. In such case, the Club shall not in any
manner be responsible for recovery of any dues of the lot on behalf of the Vendor and recoveryof dues, (part or full), shall be the sole responsibility of the Vendor. Further, the Club shall handover the lot to the Purchaser/s upon such authorization being received by the Club from the
Vendor and without any further reference to the Vendor and without being liable in any mannerwhatsoever to the Vendor or any other person / party.
49. Passport of a Lot purchased at the Sales or otherwise will NOT be handed over to thePurchaser or the Owner or his Authorised Agent until full payment towards purchase price plus
Sales Tax, Withdrawal Forfeits, (for 2-Year-Olds to be raced in Western India), etc. and / orsuch other dues payable in accordance with the Conditions of Sale have been made.
Clearance of Account
50 A Vendor is liable to clear accounts of lots entered by him in all respects (commission, all
Taxes, Feed Charges, Stables Charges, Sales Venue Charge, Veterinary Bills, etc.) by
29 February 2024.
51. Vendors (the person / persons making the entry) are required to obtain a copy of a special
Clearance Certificate, duly signed and stamped by Accounts Department of RWITC Ltd.
52. Accounts Department, RWITC Ltd. will forward to In-Charge, Annual Auction Sale Cell, by
05 Mar 2024, a consolidated list of Vendors who have not obtained this Clearance. The
In-Charge, Annual Auction Sale Cell will then take the following action: (a) Report the names of such Vendors to the Committee.
(b) Arrange to post such Vendors / their authorised agents on the UNPAID FORFEIT
LIST.

(c) Refuse to accept entries of such Vendors for Sale to be conducted in 2025 unless all
charges are paid in advance.
Transit
53. The said Sale Stables both at Pune and Mumbai are meant for stabling of only thosehorses entered in the Catalogue and whose entry fees have been paid and cannot be used asa transit station for lots meant for trainers’ yard at other Centers or broodmares going to
Breeding Establishments. Transients will not only be liable to pay ` 10,000/- + GST @ 18% orapplicable rate each as stabling fee but their Vendors / Owners will be reported to theCommittee of the Club for disciplinary action. The Stewards of RWITC Ltd. will be the soleauthority for deciding on the cases of the transients and their decision in the matter shall befinal and binding on all. The Stewards of RWITC Ltd on prior application may permit at theirsole discretion such horses in their other stables on terms and conditions as may be fixed bythem in this connection. Such application shall be made only to the Chief Stipendiary Steward,
RWITC Ltd.
Claims
54. No claim for any expenses or loss supposedly incurred by the Breeding Establishment or
Owner in respect of any Lot will be entertained by the Club.
Amendments, Jurisdiction etc.
55. The Committee of RWITC, Ltd., reserves the right, in its absolute discretion, to amend,
modify, add to or delete any existing clauses in the Letter Inviting Entries to the Catalogue and/ or the Conditions of the said Sale.
56. The Committee of RWITC Ltd., reserves to itself the right, if for any reason it may consider
sufficient, to prevent any lot from being put up for sale even after it has been included in theSale Catalogue.
57. The decision of the Committee of RWITC, Ltd., on all matters pertaining to the AnnualAuction Sale 2024 shall be final and binding on all concerned.
58. Any person submitting an entry to the Catalogue for Annual Auction Sale 2024 shall bedeemed to have consented and accepted that in the event of any dispute arising, whether outof decision of RWITC Ltd. or otherwise, the same shall be subject to the jurisdictional courts
within the city of Mumbai, (India) only, to the exclusion of any other Courts in India.
59. Persons, Vendors etc, participating in the Annual Auction Sale - 2024 in any manner,
including submitting entries in the prescribed form, would be deemed to have consented to bebound by the Conditions of the Annual Auction Sale - 2024 contained herein as also the terms
contained in the Letter Inviting Entries in the Catalogue for Annual Auction Sale - 2024.

By Order of the Committee

Sd/Secretary,
ROYAL WESTERN INDIA TURF CLUB, LTD.

From:

Date:

/

/2023

TO,
THE SECRETARYROYAL WESTERN INDIA TURF CLUB, LTD
6, ARJUN MARG
PUNE - 411 001
Dear Sir,
RE : Royal Western India Turf Club Ltd. (“R.W.I.T.C., LTD.”) ANNUAL AUCTION SALE - 2024
1. Reference your letter No:SBD/AS-2024/E/23/1726 dated 30 Sep 2023 inviting entries into the Catalogue for2024 RWITC Ltd. Annual Auction Sale along with the Conditions of Sale.
2. I / We wish to enter the youngstock (foals of 2022) into the Catalogue listed in the attached form for the 2024
RWITC, Ltd. Annual Auction Sale to be held on 02 February 2024, at Mumbai.
*3. I / We confirm that I / We have obtained Authority Letter from the owner/s of the concerned horse/s enteredby me / us.
OR
I / We have / have not been able to obtain Authority Letter from the owner/s of any horse/s entered byme / us as yet. I / We will obtain Authority Letter on or before 24 Jan 2024.
(* Strike out whichever is not applicable).
4. I / We undertake to pay the Catalogue entry fee of ` 8,500/- (along with the GST @ 18% or applicable rate)
which is mandatory and understand that fees once remitted will not be refunded or rescinded under any
circumstances whatsoever, including in case the lot is withdrawn due to non-submission of Authority. I / We am /are also responsible for observing the Conditions of Sale in respect of the horses listed in the accompanying
page/s and in particular undertake that all dues including, Commissions, Forfeits, Taxes, Stables Charges, etc.,
shall be paid and charged to my / our account.
5. I / We undertake/s to pay the full Catalogue entry fee of `……..….… for ………. Lot/s entered by me / us
@ ` ……….. + GST @ 18% or applicable rate per lot. An amount of `.…………..is enclosed vide Cheque /Demand Draft No. …….…. Drawn on ………...……………… dated …………… / may be debited to our Stud
Account / Racing Account of ………………………………………. or an amount of `………… was transferred
electronically by NEFT / RTGS, on.…………. the UTR number of which is…………………………..
6. I / We further confirm that at the time of making entry if my / our Stud Account is in debit or any dues arepayable by me / us to the RWITC Ltd. / Stud Book Authority of India, the same will be cleared by me / us by thedue dates. I / We am / are aware that these Entries will NOT be accepted for the abovementioned Annual Auction
Sale if the dues are still outstanding.
7. I / We hereby declare that we have read and understood the Conditions contained in the Letter Inviting Entries
into the Catalogue for Annual Auction Sale as also in the copy of Conditions of Sale and do hereby consent to bebound by the same.
8. I / We hereby consent that all decisions of RWITC Ltd. shall be subject to the jurisdiction of the competent
Court in the City of Mumbai only, to the exclusion of all other legal jurisdictions, if any.
Yours faithfully,

Signature
Name
Encl : Entry FormTo,
The Secretary
Royal Western India Turf Club, Ltd
6, Arjun Marg
PUNE – 411 001

RE : R.W.I.T.C., LTD. ANNUAL AUCTION SALE - 2024
Dear Sir
I / We have read the Conditions of Sale for the Annual Auction Sale 2024 and wish to make the following
entries: Sr.
No.

Dam’s Name

Sr.
No.

1

16

2

17

3

18

4

19

5

20

6

21

7

22

8

23

9

24

10

25

11

26

12

27

13

28

14

29

15

30

1.

Dam’s Name

The Order of Precedence is as above.

2.
I / We undertake that in the event I / We do not submit the Authority Letter / Form to RWITC Ltd. In
accordance with the Conditions of Sale then all dues in respect of the above entered Lots (including without
limitation, Catalogue entry fees, Sales Venue Charges, Taxes, Commissions, Forfeits, Stable Charges, etc.)
shall be adjusted against my / our account or paid by me / us in full.
Signature of Vendor

Name :
Address :

Date:

/

/ 2023

AUTHORITY LETTER / FORM

From:

Date:

/

/ 2023To
The In-charge
Annual Auction Sale CellR W I T C, Ltd
6, Arjun Marg
Pune – 411 001

RE : AUTHORITY TO MAKE ENTRIES INTO THE CATALOGUE OF
Royal Western India Turf Club Ltd. (“R.W.I.T.C., LTD.”) ANNUAL AUCTION SALE - 2024

Dear Sir

1. I / We hereby authorise ...…………………………………………………………………….….
to enter, withdraw and / or to put reserve on the yearlings mentioned below: i)

Out of ……………………………….…….. ii) Out of ……………………………….…………..

iii) Out of ……………………………….…….. iv) Out of …………………….…………….……….
v)

Out of ……………………………….…….. vi) Out of …………………….…………….……….

2. I / We undertake to abide by the Conditions of Sale and to ensure that all forfeits, etc. arepaid by me / us in time.
3. I am / We are aware that in the event of default of any payment on account of said
entry / entries, my / our name/s is / are liable to be posted in the “UNPAID FORFEITS LIST”.
*4. Further, this Authority Letter shall remain valid and effective until revoked in writing and thesame is submitted to the office of R.W.I.T.C., Ltd.
Yours faithfully,(Name in Bold Letters)(* Strike out this clause if not required)