Bill renames New Delhi Arbitration Centre to India International Arbitration Centre

This Bill amends the New Delhi International Arbitration Centre Act, 2019 to rename the institution as the 'India International Arbitration Centre' to reflect its status as a national institution rather than a city-centric one. It also makes consequential changes to the Centre's functions, administrative procedures, and funding provisions.

The New Delhi International Arbitration Centre (renamed to India International Arbitration Centre), its Members, Registrar, Counsel, officers, employees, and the Central Government.

• Renames the 'New Delhi International Arbitration Centre' to 'India International Arbitration Centre' throughout the Act.
• Amends Section 15 to specify that the Centre facilitates arbitration and other alternative dispute resolution mechanisms, both international and domestic, as specified by regulations.
• Changes the term 'application' to 'question' in Section 20 regarding the disposal of matters by the Centre.
• Replaces the word 'Centre' with 'Secretariat' in Section 23 regarding the supervision of activities by the Registrar.
• Expands the Fund of the Centre in Section 25 to cover salaries and allowances for the Registrar, Counsel, and other officers and employees, in addition to Members.
• Amends Section 31 to include regulations for the conduct of arbitration and the rules of procedure for Committee meetings, including quorum requirements.
• Extends the period for the Central Government to remove difficulties under Section 34 from two years to five years from the date of commencement.

Written from the document by AI, and checked against it. The original below is authoritative.

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