(1) The Government may, by order published in the Gazette:­ 

(a) reduce or remit, whether prospectively, or retrospectively in the whole or any part of the State of Kerala, if in the opinion to if the Government it is necessary in public interest so to do, the duties with which any particular class of instruments,  or any of the  instruments belonging to such class,  or any instruments when executed by or in favour of any particular class of persons, or by or in favour of any members of such class, are chargeable; and 

(b) Provided for the  composition or consolidation of duties in the  case of issues by any incorporated company or other body corporate of bonds or other marketable securities other than debentures.

(2) Every rule or order published under clause (a) of sub­section (1) shall be laid as soon as may be after it is published, before the Legislative Assembly.