Section 3
Establishment and incorporation of India International Arbitration Centre
The India International Arbitration Centre Act, 2019
About this Act
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.
1[3. Establishment and incorporation of 2[India International Arbitration Centre.--(1) The
Central Government shall, by notification, establish a body to be called the 2[India International
Arbitration Centre] for the purposes of exercising the powers and discharging the functions under this
Act.
(2) The Centre shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to enter into contract, and shall, by the said name, sue or be sued.]
(2) The Centre shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to enter into contract, and shall, by the said name, sue or be sued.]
Notes
1. Subs. by Act 23 of 2022, s. 6, for Chapter heading "NEW DELHI INTERNATIONAL ARBITRATION CENTRE" (w.e.f. 27-1-
2023).
2. Subs. by s. 7, ibid., for "New Delhi International Arbitration Centre" (w.e.f. 27-1-2023).
2. Subs. by s. 7, ibid., for "New Delhi International Arbitration Centre" (w.e.f. 27-1-2023).