The NEW DELHI INTERNATIONAL ARBITRATION CENTRE ACT, 2019

PRELIMINARY

Section 1 — Short title and commencement.

(1) This Act may be called the New Delhi International Arbitration Centre Act, 2019.

(2) It shall be deemed to have come into force on the 2nd March, 2019.

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