Section 7
Transfer and vesting.
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.
On and from the specified date, so much of the undertakings of the
Society as form part of, or are relatable to the Society, and the right, title and interest of the Society in
relation to such undertakings, shall, by virtue of this Act, stand transferred to, and vest in, the Central
Government.