The Kerala Non-Trading Companies Act, 1961
The Kerala Non-Trading Companies Act, 1961
The Kerala Nontrading Companies Act of 1961 regulates the incorporation, administration, and winding up of noncommercial corporations whose objectives are confined solely to the state of Kerala. It applies to all local nontrading companies, explicitly excluding banking, insurance, and financial institutions operating within the region. This legislation matters because it adapts India's federal Companies Act to the state level, shifting administrative power from the central government to Kerala's local state authorities. This ensures that regional civic, cultural, and charitable associations can easily obtain legal status, manage records, and resolve organizational disputes through local state courts under highly simplified legal rules.
- 0. Preamble
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Application of the Companies Act, 1956 (Central Act 1 of 1956) to non-trading companies with objects confined to the State of Kerala.
- 4. Provision relating to existing companies.
- 5. Validation of registration of non-trading companies under Central
- 6. Transfer of records relating to existing companies to Registrar.
- 7. Construction of Companies Act as applied to the State.
- 8. Repeal .
- Schedule. (Seesection 3) MODIFICATIONS
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