The Travancore Companies Act, 1114 (IX of 1114), the Cochin Companies Act, 1120 (XI of 1120), and the Indian Companies Act, 1913 (Central Act 7 of 1913), as in force in the Malabar district referred to in sub-section (2) of section 5 of the States Reorganisation Act, 1956 (Central Act 37 of 1956), in so far as they relate to companies, other than trading corporations, with objects confined to one State, are hereby repealed.
THE SCHEDULE (See section 3) MODIFICATIONS
(1) References to “the Central Government”, and “Government” where it refers to the Central Government shall be construed as references to the Government of Kerala.
(2) References to “Parliament” shall be construed as references to the Kerala State Legislature.
(3) References to “the Comptroller and Auditor-General of India” shall be construed as references to the Accountant- General, Kerala.
(4) In section 1, sub sections (2) and (3) shall be omitted.
(5) In section 2, clauses (10), (16) and (40) shall be omitted.
(6) In section 3,—
(i) in sub-section (1), clauses (i) and (ii) shall be omitted;
(ii) sub-section (2) shall be omitted.
(7) Parts X and XI shall be omitted.
(8) In section 643—
(a) in sub-section (1),—
(i) for the words “The Supreme Court after consulting the High Courts”, the words “The High Court” shall be substituted;
(ii) in sub-clause (i) of clause (b), for the words “in High Courts”, the words “in the High Court” shall be substituted;
(b) in sub-section (2), for the words “the Supreme Court”, the words “the High Court” shall be substituted;
(c) for sub-section (3), the following sub-section shall be substituted, namely:— “(3) Until rules are made by the High Court as aforesaid all rules on the matters referred to in this section in force at the commencement of this Act shall continue to be in force in so far as they are not inconsistent with the provisions of this Act in the High Court and in courts subordinate thereto”.
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