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Section 25: Fund of Centre.

The India International Arbitration Centre Act, 2019Central Act · Act 17 of 2019

(1) The Centre shall maintain a Fund to which shall be credited,---

(a) all monies provided by the Central Government;

(b) all fees and other charges received during or in connection with the arbitration, conciliation, mediation or other proceedings;

(c) all monies received by the Centre for the facilities provided by it to the parties;

(d) all monies received by the Centre in the form of donations, grants, contributions and income from other sources; and

(e) the amount received from the investment income.

(2) All monies credited to the Fund shall be deposited in such banks or invested in such manner as may be decided by the Centre.

(3) The Fund shall be applied towards meeting the salaries and other allowances of Members, [Registrar, Counsel and other officers and employees of the Centre] and the expenses of the Centre including expenses incurred in the exercise of its powers and discharge of its duties under this Act.

Where this provision sits

ActThe India International Arbitration Centre Act, 2019
Section25
Marginal noteFund of Centre.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 23 of 2022. . Ins. by Act 23 of 2022, s. 12, (w.e.f. 27-1-2023).

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