1. The petitioner is a Banking Company, a Scheduled Bank within the meaning of the Reserve Bank of India Act, 1934, with its registered office situated at Kodungallur, in the erstwhile Cochin State, and branches at several places in the State of Kerala including those at Alathur, Peringanam and Thalikulam within the area of the erstwhile Malabar District. The petitioner has approached this Court for a declaration that the provisions of S.17 of the Kerala Chitties Act, 1975 (shortly stated the Act) are not applicable to kuries started prior to the coming into force of that Act and for directing respondents to retrain from enforcing the provisions of the said section to kuries started prior to the coming into force of the Act. Respondents are the Inspector-General of Registration, Kerala, Sub-Registrar, Alathur and State of Kerala respectively. There is also a prayer for quashing the proceedings of the 1st and 2nd respondents marked in the case as Exts. P2 and P1 respectively. Ext. P1 is a communication from the 2nd respondent to the Agent of Alathur Branch of the petitioner-bank directing him to comply with the directions contained in the order No. M2-10938/75 dated 1710