Rules and Regulations of India

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Section 263 – THE COMPANIES (COURT) RULES, 1959

263. Application for disclaimer

(1) An application for leave to disclaim any part of the property of a company pursuant to sub-section (1) of section 535 shall be made by a summons supported by an affidavit setting out the full facts relating to the property, the parties interested and the nature of their interests, and stating whether the company is solvent and whether any notice has been served on the liquidator by any party under sub-section (4) of the said section requiring him to elect whether or not he will disclaim.


(2) Form Nos. 124 to 130 shall be used in respect of the matters to which they relate with such variations as may be necessary.

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