I believe it can be. But it depends on the copyright.
If it has expired, and isn't being renewed, then YES.

On 4 April 2011 11:09, Pradeep Mohandas <pradeep.mohandas@gmail.com> wrote:
hi,

This appeared in a few news outlets - http://wearethebest.wordpress.com/2011/04/04/the-25-paise-mag-where-r-k-laxman-began/ - but I found it only today. It is interesting to see such magazines being brought back. Google Books does this with Popular Mechanics from the 1950s and it's nice to see it happening to Indian publications as well. Can these be bought onto Wikisource or some similar platforms? 

warm regards,
Pradeep

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