(1) Where the sale of a property, for which a reserve price has been specified under clause (c) of rule 53, has been postponed for want of a bid of an amount of not less than such reserve price, it shall be lawful for a requiring officer, if so authorised by the Commissioner in this behalf, to bid for the property on behalf of the State Government at any subsequent sale.

(2) All person bidding at the sale shall be required to declare, if they are bidding on their own behalf or on behalf of their principal . In the latter case, they shall be required to furnish authority from their principals, and in default, their bids shall be rejected.