India International Arbitration Centre Act, 2019
Bare Act · 2019
An Act to provide for the establishment and incorporation of the 1 [India 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 1 [India International Arbitration Centre] for the better management of arbitration so as to make it a hub for institutional arbitration and to declare the 1 [India International Arbitration Centre] to be an institution of national importance and for matters connected therewith or incidental thereto.
- Act number
- 17 of 2019
- Enacted
- 26 July 2019
- Contents
- 35 sections · 6 chapters
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Contents
Chapter I — Preliminary
Chapter II — Establishment And Incorporation Of India International Arbitration Centre
- 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 (preview)
Chapter III
- Section 7 – Transfer and vesting (preview)
- Section 8 – General effect of vesting (preview)
- Section 9 – Liability prior to specified date (preview)
- Section 10 – Power of Central Government to direct vesting of undertaking in Centre (preview)
- Section 11 – Management, etc., of undertakings (preview)
- Section 12 – Duties of persons in charge of management of undertakings to deliver all assets (preview)
- Section 13 – Certain powers of Central Government or Centre (preview)
- Section 14 – Objects of Centre (preview)
- Section 15 – Functions of Centre (preview)
- Section 16 – Vacancies, etc., not to invalidate proceedings of Centre (preview)
- Section 17 – Resignation of Members (preview)
- Section 18 – Removal of Members (preview)
- Section 19 – Committees of Centre (preview)
- Section 20 – Meetings of Centre (preview)
- Section 21 – Chief Executive Officer (preview)
- Section 22 – Delegation of powers (preview)
- Section 23 – Secretariat (preview)
Chapter IV — Finance, Accounts And Audit
- Section 24 – Grants by Central Government (preview)
- Section 25 – Fund of Centre (preview)
- Section 26 – Accounts and audit (preview)
- Section 27 – Assessment of assets and liabilities of undertaking (preview)
Chapter V — Chamber Of Arbitration And Arbitration Academy
- Section 28 – Chamber of Arbitration (preview)
- Section 29 – Arbitration Academy (preview)
Chapter VI — Miscellaneous
- Section 30 – Power to make rules (preview)
- Section 31 – Power to make regulations (preview)
- Section 32 – Laying of rules and regulations (preview)
- Section 33 – Protection of action taken in good faith (preview)
- Section 34 – Power to remove difficulty (preview)
- Section 35 – Repeal and savings (preview)