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Section 41: Power for corporations to refer matters to arbitration

The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959

(1) A corporation may by written agreement refer to arbitration, in accordance with the Arbitration Act, 1940 1 (X of 1940), an existing or future difference between itself and any other corporation or person.

1 Now see the Arbitration and Conciliation Act, 1996 (26 of 1996).

18 The Maharashtra Non-Trading Corporation Act [1959 : XXVI

(2) A corporation which is a party to an arbitration may delegate to the arbitrator power to settle any terms or to determine any matter, capable of being lawfully settled or determined by the corporation itself, or by its Board of directors.

(3) The provisions of the Arbitration Act, 1940 1 (X of 1940), shall apply to all arbitrations in pursuance of this Act to which a corporation is a party.

Winding up.

Where this provision sits

ActThe Maharashtra Non-trading Corporations Act
Section41
Marginal notePower for corporations to refer matters to arbitration
JurisdictionState of Maharashtra
StatusIn force as published by the source

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