 the hyderabad securities contracts regulation (repeal) bill, 19s8(as introduced in lok sabha)  the hyderabad securities contracts regulation (repeal) bill, 1958 (as introduced in lok sabha)a  billto provide for the repeal of the hyderabad securities contracts regulation act, 1353 fasli (vii of 1353 fash) be it enacted by parliament in the ninth year of the republic of india as follows:-1 this act may be called the hyderabad securities contracts short title regulation (repeal) act, 1958 s 2 on such day as the central government may, by notification repeal in the official gazette, specify in this behalf, the hyderabad securities contracts regulation act, 1353 fasli shall stand repealed  statement of objects and reasonsthe hyderabad securities contracts regulation act, 1353 fasli (vii of 1353 fasli) being a law enacted by the former indian state of hyderabad in the year 1943 continues to be in force by virtue of article 372 of the constitution the existence of the state law side by side with the securities contracts (regulation) a~t, 1956 (42 of 1956) is likely to lead to confusion it is, therefore, proposed to repeal the state act by this bill morarji desai new delhi; the 19th april, 1958  a billto provide for the repeal of the h yderabad securities contracts regulation act, 1353 fasli (vii of 1353 fash) (shri morarji r desai, minister of finance) 