296 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
327 THE GAZETTE OF INDIA EXTRAORDINARY, FEB. 26,1948
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*43. Acquisition or requisitioning of property for the purposes of the Union subject to the provisions of List III with respect to regulation of the principles on which compensation is to be determined for property acquired or requisitioned for the purposes of the Union.
Reserve Bank of India.
Public debt of the Union.
Currency, foreign exchange, coinage and legal tender.
Banking.
Cheques, bills of exchange, promissory notes and other like instruments.
Insurance.
**50. Corporations, that is to say, the incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including co-operative societies, and of corporations, whether trading or not, with objects not confined to one State, but not including universities.
- Patents, copyright, inventions, designs, trademarks and merchandise marks.
***52. Constitution, organisation, jurisdiction and powers of the Supreme Court and fees taken.
Extension of the jurisdiction of a High Court having its principal seat in any State within the territory of India except the States for the time being specified in Part III of the First Schedule to, and exclusion of the jurisdiction of any such High Court from, any area outside that State.
Jurisdiction and powers of all courts, other than the Supreme Court, with respect to any of the matters in this List.
*The Committee is of opinion that the principle on which compensation is to be paid for the acquisition or the requisitioning of property should be the subject-matter of the Concurrent List and this entry has been revised accordingly and a new entry 35 has been inserted for the purpose in the Concurrent List.
** For restrictions on the power of Parliament to make laws with respect to ‘Corporations’ in relation to States for the time being specified in Tart III of the First Schedule, see article 224 (c).
*** The Committee is of opinion that the reference to ‘Federal Judiciary’ should be omitted from this entry as there should not be parallel Judiciaries in the Union. The Committee has, however, inserted a new article
219 providing power to Parliament to establish additional courts for the better administration of the laws made by Parliament and existing laws with respect to matters in the Union List on the lines of Section 101 of the British North America Act, 1867.