DRAFT CONSTITUTION 879
The Honourable Dr. B. R. Ambedkar : No good will be served by postponing. I am not in favour of having these things postponed. There is already so much time taken in the consideration of this matter.
Dr. P. S. Deshmukh : Sir, I move :
“That in amendment No. 21 of List I (Sixth Week), in the proposed entry 43 of List I, after the words “of property” the words ‘according to law of the Union’ be inserted.”
...I therefore, hope that the amendment proposed by me which speci fies that any acquisition or requisitioning of property shall be by law passed by the Parliament and shall not be undertaken arbitrarily will be accepted.
The Honourable Dr. B. R. Ambedkar : It is quite unnecessary. These entries do deal with legislative power. What is the use of adding the words ‘according to the law of the Union’ ? According to the entry as it is, the Union will have the power to make the law. It cannot mean anything else.
Dr. P. S. Deshmukh : I beg leave to withdraw my amendment.
[The amendment was, by leave of the Assembly, withdrawn. Entry 43, as amended, by Dr. Ambedkar’s amendment was added to the Union List.]
ENTRY 50
*Shri Jagat Narain Lal : ...This will make the meaning quite clear. There will be no ambiguity. I suggest this to Shri T.T. Krishnamachari. The object they have in view can be achieved by adopting my suggestion.
The Honourable Dr. B. R. Ambedkar: I will consider the matter. For the present the entry proposed by Shri T. T. Krishnamachari may go in.
[The following amendment of Mr. Krishnamachari was adopted.]
Mr. President : The question is.
“That for entry 50 of List I, the following entries be substituted :—
‘50. The incorporation, regulation and winding up of trading corporations, including banking, insurance and financial corporations but not including cooperative societies.
50-A. The incorporation, regulation and winding up of corporations, whether trading or not with objects not confined to one State but not including universities’.”
[Entries 50 and 50-A were added to the Union List.]
ENTRY 52
†The Honourable Dr. B. R. Ambedkar : I move :
“That for entry 52 of List I, the following entry be substituted :—
*CAD, Vol. IX, 30th August 1949, pp. 773-774.
† Ibid., p. 774