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The India International Arbitration Centre Act, 2019

Central

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 importance and for matters connected therewith or incidental thereto.

Act number
17 of 2019
Ministry
Ministry of Law and Justice
Department
Department of Legal Affairs
Enacted
26 Jul 2019

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

35 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Establishment and incorporation of India International Arbitration Centre
  4. Section 4Declaration of India International Arbitration Centre as an institution of national importance.
  5. Section 5Composition of Centre.
  6. Section 6Terms and conditions, etc., of Chairperson and Members.
  7. Section 7Transfer and vesting.
  8. Section 8General effect of vesting.
  9. Section 9Liability prior to specified date.
  10. Section 10Power of Central Government to direct vesting of undertaking in Centre.
  11. Section 11Management, etc., of undertakings.
  12. Section 12Duties of persons in charge of management of undertakings to deliver all assets.
  13. Section 13Certain powers of Central Government or Centre.
  14. Section 14Objects of Centre.
  15. Section 15Functions of Centre.
  16. Section 16Vacancies, etc., not to invalidate proceedings of Centre.
  17. Section 17Resignation of Members.
  18. Section 18Removal of Members.
  19. Section 19Committees of Centre.
  20. Section 20Meetings of Centre.
  21. Section 21Chief Executive Officer.
  22. Section 22Delegation of powers.
  23. Section 23Secretariat.
  24. Section 24Grants by Central Government
  25. Section 25Fund of Centre.
  26. Section 26Accounts and audit.
  27. Section 27Assessment of assets and liabilities of undertaking.
  28. Section 28Chamber of Arbitration.
  29. Section 29Arbitration Academy.
  30. Section 30Power to make rules.
  31. Section 31Power to make regulations.
  32. Section 32Laying of rules and regulations.
  33. Section 33Protection of action taken in good faith
  34. Section 34Power to remove difficulty.
  35. Section 35Repeal and savings.