The India International Arbitration Centre Act, 2019
Central Act · Act 17 of 201935 provisions
The enactment
| Long title | An Act to provide for the establishment and incorporation of the New Delhi International Arbitration Centre for the purpose of creating an independent and autonomous regime for institutionalised arbitration and for acquisition and transfer of the undertakings of the International Centre for Alternative Dispute Resolution and to vest such undertakings in the New Delhi International Arbitration Centre for the better management of arbitration so as to make it a hub for institutional arbitration and to declare the New Delhi International Arbitration Centre to be an institution of national importa… |
|---|---|
| Type | Act |
| Citation | Act 17 of 2019 |
| Year | 2019 |
| Jurisdiction | Central |
| Ministry | Ministry of Law and Justice |
| Status | In force as published by the source |
| Provisions published | 35 |
| Subjects | civil |
Full text, provision by provision
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Establishment and incorporation of India International Arbitration Centre
- Section 4 Declaration of India International Arbitration Centre as an institution of national importance.
- Section 5 Composition of Centre.
- Section 6 Terms and conditions, etc., of Chairperson and Members.
- Section 7 Transfer and vesting.
- Section 8 General effect of vesting.
- Section 9 Liability prior to specified date.
- Section 10 Power of Central Government to direct vesting of undertaking in Centre.
- Section 11 Management, etc., of undertakings.
- Section 12 Duties of persons in charge of management of undertakings to deliver all assets.
- Section 13 Certain powers of Central Government or Centre.
- Section 14 Objects of Centre.
- Section 15 Functions of Centre.
- Section 16 Vacancies, etc., not to invalidate proceedings of Centre.
- Section 17 Resignation of Members.
- Section 18 Removal of Members.
- Section 19 Committees of Centre.
- Section 20 Meetings of Centre.
- Section 21 Chief Executive Officer.
- Section 22 Delegation of powers.
- Section 23 Secretariat.
- Section 24 Grants by Central Government
- Section 25 Fund of Centre.
- Section 26 Accounts and audit.
- Section 27 Assessment of assets and liabilities of undertaking.
- Section 28 Chamber of Arbitration.
- Section 29 Arbitration Academy.
- Section 30 Power to make rules.
- Section 31 Power to make regulations.
- Section 32 Laying of rules and regulations.
- Section 33 Protection of action taken in good faith
- Section 34 Power to remove difficulty.
- Section 35 Repeal and savings.
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