Companies (Appointment of Trustees) Rules, 1973
The Companies (Appointment of Trustees) Rules, 1973 were promulgated by the Federal Government in exercise of the powers conferred by section 13 of the Companies (Appointment of Trustees) Act, 1972 (XV of 1972). The rules determine the liabilities of the company & trustee. In determining the liability of a company the authority referred to in the rules shall take into account rent and tax for any premises; any vehicle used for the purpose of the business of the company; any liability in respect of which it is proved beyond reasonable doubt that it relates to goods supplied or services rendered for the purpose of the business of the company; any agreement or instrument calculated to enhance the liability of the company, if it is proved beyond reasonable doubt that the liability was incurred for the purpose of improving or promoting the business of the company or for increasing the value of an asset pertaining to the business of the company.
