Pursuant to Article 8 of the RA Law on Public Auctions:
1. The public notice on holding an auction shall contain information on auction as follows:
1) date on holding the auction (year, month, day and hour);
2) name/title of the organizer;
3) venue/address of holding the auction;
4) form and procedure of holding the auction;
5) terms and conditions of the auction, including name, restrictions applied to, physical condition (depreciation), and/or date of manufacture, floor price of the lot(s), and period of validity of the lot, if it involves a right, and other important terms;
6) list of required documents for participating in the auction;
7) procedure on determination of the successful bidder at the auction;
8) size of the advance fee, and terms and mode of payment, determined by the organizer;
9) date, timing and place of reviewing the lot;
10) sequence of sale of the lots, in case of a common auction; and
11) place where one may get familiar with charter of the auction, and the procedure of giving copy of the charter.
In giving copy of the charter, the organizer may request remuneration for copying costs only.

2. The public notice shall be released at least fifteen days before opening the auction.

3. For fast-spoiling items, the public notice may be released at least a day before opening the auction.

4. In the event of sale of property, and for other cases, law may specify a longer period of release of the public notice

Source: Iravaban.net