Act Number: 17

Act Name: The India International Arbitration Centre Act, 2019

Year: 2019

Enactment Date: 2019-07-26

Long Title: 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.

Ministry: Ministry of Law and Justice

Department: Department of Legal Affairs

Section 2: Definitions.
     (1) In this Act, unless the context otherwise requires,--
         (a) "Centre" means the 1[India International Arbitration Centre] established and incorporated under section 3;
         (b) "Chairperson" means the Chairperson of the Centre referred to in clause (a) of section 5;
         (c) "Chief Executive Officer" means the Chief Executive Officer appointed under section 21;
         (d) "Committee" means the relevant Committee of the Centre referred to in section 19;
         (e) "Custodian" means the person who is appointed as Custodian under sub-section (2) of section 11 in respect of the undertakings;
         (f) "Fund" means the Fund of the Centre to be maintained under section 25;
         (g) "Member" means Full-time or Part-time Member of the Centre and includes the Chairperson;
         (h) "notification" means a notification published in the Official Gazette;
         (i) "prescribed" means prescribed by rules made by the Central Government under this Act;
         (j) "regulations" means regulations made by the Centre under this Act;
         (k) "Society" means the International Centre for Alternative Dispute Resolution, registered as such under the Societies Registration Act, 1860 (21 of 1860), and having its registered office at New Delhi;
         (l) "specified date" means the date as may be specified by the Central Government by notification;
         (m) "undertakings" means the undertakings of the Society which vests with the Central Government under section 7.
     (2) All other words and expressions used herein but not defined and defined in the Arbitration and Conciliation Act, 1996 (26 of 1996), shall have the same meanings as assigned to them in that Act.
    
Notes:
1. Subs. by s. 5, ibid., for "New Delhi International Arbitration Centre" (w.e.f. 27-1-2023).
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