 the capital issues (continuance of control) amendment bill, 1956(as introduced in lok sabra)  the capital issues (continuance of control) amendment bill, 1956 (as introduced in lok sabra)a bill further to amend the capital issues (continuance of control) act, 1947 be 4t enacted by parliament in the seventh year of the republic of india as follows:-1 this act may be called the capital issues (continuance of short title control) amendment act, 1956 , 2 in the long title of, and the preamble to, the capital issues (continuance of control> act, 1947 (hereinafter referred to as the principal act), the words "the continuance of" shall be omitted amendment of long title and preamble, act 29 of 1941 3 in section 1 of the principal act,-amendment of section i (a) in sub-section (1) the words "continuance of" shall be 10 omitted; (b) sub-section (3) shall be omitted  statement of objects and reasonsthe object of this bill is to continue in force the provisions of the capital issues (continuance of control) act, 1947, which expires on the 31st march, 1956, beyond that date it is necessary to continue the control in order to canalise the limited capital resources available for investment in this country in the desired fields as this act has had to 'be extended several times in the past and ~ in the context of our five year plan it is not possible to foresee at present when the need for the regulating provisions contained in it will disappear, it is proposed to place this act indefinitely on the statute book for the present c d deshmukh new delw; the 10th february, 1956  annexure extracts from the capital issues (continuance of control) aer, 1947 (no 29 of 1947)an act to provide for the continuance of control over issues of capital whli:reas it is expedient to provide for the continuance of control over issues of capital; 1 (1) this act may be called the capital issues (continuance of short title, control) act 1947 exten~ and ,  durabon - ----  (3) it shall cease to have effect on the first day of april, 1956  -  - - - -   a bill further to amend the capital issues (continuance of control) act, 1947(shri c d deshmukh, minister of finance) , gipd-lad-193z ls-i6-z-,6-1600 