Act Number: 26

Act Name: The Arbitration and Conciliation Act, 1996

Year: 1996

Enactment Date: 1996-08-16

Long Title: An Act to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto.

Ministry: Ministry of Law and Justice

Department: Department of Legal Affairs

Section 76: Termination of conciliation proceedings.
    The conciliation proceedings shall be terminated—
         (a) by the signing of the settlement agreement by the parties, on the date of the agreement; or
         (b) by a written declaration of the conciliator, after consultation with the parties, to the effect that further efforts at conciliation are no longer justified, on the date of the declaration; or
         (c) by a written declaration of the parties addressed to the conciliator to the effect that the conciliation proceedings are terminated, on the date of the declaration; or
         (d) by a written declaration of a party to the other party and the conciliator, if appointed, to the effect that the conciliation proceedings are terminated, on the date of the declaration.
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