• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
  • Home
  • SNIPPETSfor Prelims
  • ARTICLESfor Mains
  • BROWSEBY SOURCE
  • DOWNLOADS
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

New Delhi International Arbitration Centre (NDIAC) Act

May 15, 2020
in Law & Policy
Reading Time: 2 mins read
0
244
VIEWS
Share on WhatsAppShare on TelegramShare on Facebook

What is the NDIAC Act?

  • The Act provides for the establishment of the New Delhi International Arbitration Centre, an institution to better manage domestic and international arbitration in the country. The NDIAC is to be declared as an institution of national importance. Further, the Act envisages NDIAC to take over the infrastructure and other facilities of the ‘International Centre for Alternate Dispute Resolution’.

Features of NDIAC Act

  • NDIAC will consist of seven members including: (i) a Chairperson who may be a Judge of the Supreme Court or a High Court, or an eminent person with special knowledge and experience in the conduct or administration of arbitration; (ii) two eminent persons having substantial knowledge and experience in institutional arbitration; (iii) three ex-officio members, including a nominee from the Ministry of Finance and a Chief Executive Officer (responsible for the day-to-day administration of the NDIAC); and (iv) a representative from a recognised body of commerce and industry, appointed as a part-time member, on a rotational basis.
  • The members of NDIAC will hold office for three years and will be eligible for re-appointment. The retirement age for the Chairperson is 70 years and other member is 67 years.
  • Key functions of the NDIAC will include:
    1. Facilitating conduct of arbitration and conciliation in a professional, timely and cost-effective manner; and
    2. Promoting studies in the field of alternative dispute resolution.
  • The NDIAC will be required to maintain a fund which will be credited with grants received from the central government, fees collected for its activities, and other sources.  The accounts of the NDIAC will be audited and certified by the Comptroller and Auditor-General of India.
  • NDIAC will establish a Chamber of Arbitration which will maintain a permanent panel of arbitrators. Further, the NDIAC may also establish an Arbitration Academy for training arbitrators and conducting research in the area of alternative dispute resolution.

 

Tags: Prelims

Related Posts

Declining Importance of Parliament

Declining Importance of Parliament

April 12, 2021
Students and Teachers Holistic Advancement through Quality Education (SARTHAQ)

Students and Teachers Holistic Advancement through Quality Education (SARTHAQ)

April 9, 2021
Artificial Intelligence Portal SUPACE

Artificial Intelligence Portal SUPACE

April 8, 2021
Lab on wheels of Delhi

Lab on wheels of Delhi

April 8, 2021
Film certification appellate tribunal

Film certification appellate tribunal

April 8, 2021
Tribunal reforms ordinance, 2021

Tribunal reforms ordinance, 2021

April 8, 2021
Anamaya

Anamaya

April 8, 2021
15th Finance Commission and Local Governments

15th Finance Commission and Local Governments

April 7, 2021
National Knowledge Network (NKN)

National Knowledge Network (NKN)

April 7, 2021
The eCourts Mission Mode Project

The eCourts Mission Mode Project

April 6, 2021
Please login to join discussion
April 2021
MTWTFSS
 1234
567891011
12131415161718
19202122232425
2627282930 
« Mar    

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Uncategorized

Browse by Tags

AIR Down to Earth DownToEarth GS-1 GS-2 GS-3 GS-4 India & the world Kurukshetra Mains news News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society
  • Uncategorized

Browse by Tag

AIR Down to Earth DownToEarth GS-1 GS-2 GS-3 GS-4 India & the world Kurukshetra Mains news News Paper PIB Prelims PRS India RSTV Science Reporter Survey Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • SNIPPETS
  • ARTICLES
  • BROWSE
  • DOWNLOADS
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In