THE NEW DELHI INTERNATIONAL ARBITRATION CENTRE ACT, 2019

ACT NO. 17 OF 2019 · Enacted [26th July, 2019.] · 35 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Definitions.

ESTABLISHMENT AND INCORPORATION OF NEW DELHI INTERNATIONAL ARBITRATION CENTRE

Section 3.Establishment and incorporation of New Delhi International Arbitration Centre.

Section 4.Declaration of New Delhi International Arbitration Centre as an institution of national importance.

Section 5.Composition of Centre.

Section 6.Terms and conditions, etc., of Chairperson and Members.

ACQUISITION AND TRANSFER OF UNDERTAKINGS OF SOCIETY

Section 7.Transfer and vesting.

Section 8.General effect of vesting.

Section 9.Liability prior to specified date.

Section 10.Power of Central Government to direct vesting of undertaking in Centre.

Section 11.Management, etc., of undertakings.

Section 12.Duties of persons in charge of management of undertakings to deliver all assets.

Section 13.Certain powers of Central Government or Centre.

Section 14.Objects of Centre.

Section 15.Functions of Centre.

Section 16.Vacancies, etc., not to invalidate proceedings of Centre.

Section 17.Resignation of Members.

Section 18.Removal of Members.

Section 19.Committees of Centre.

Section 20.Meetings of Centre.

Section 21.Chief Executive Officer.

Section 22.Delegation of powers.

Section 23.Secretariat.

FINANCE, ACCOUNTS AND AUDIT

Section 24.Grants by Central Government.

Section 25.Fund of Centre.

Section 26.Accounts and audit.

Section 27.Assessment of assets and liabilities of undertaking.

CHAMBER OF ARBITRATION AND ARBITRATION ACADEMY

Section 28.Chamber of Arbitration.

Section 29.Arbitration Academy.

MISCELLANEOUS

Section 30.Power to make rules.

Section 31.Power to make regulations.

Section 32.Laying of rules and regulations.

Section 33.Protection of action taken in good faith.

Section 34.Power to remove difficulty.

Section 35.Repeal and savings.