THE ARBITRATION AND CONCILIATION ACT, 1996
No.26 of 1996
[16th August, 1996]
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.
WHEREAS the United Nations Commission on International Trade Law (UNCITRAL) has adopted the UNCITRAL Model Law on
International Commercial Arbitration in 1985:
AND WHEREAS the General Assembly of the United Nations has recommended that all countries give due consideration to the
said Model Law, in view of the desirability of uniformity of the law of arbitral procedures and the specific needs of international
commercial arbitration practice;
AND WHEREAS the UNCITRAL has adopted the UNCITRAL Conciliation Rules in 1980;
AND WHEREAS the General Assembly of the United Nations has recommended the use of the said Rules in cases where a
dispute arises in the context of international commercial relations and the parties seek an amicable settlement of that dispute by
recourse to conciliation;
AND WHEREAS the said Model Law and Rules make significant contribution to the establishment of a unified legal framework for
the fair and efficient settlement of disputes arising in international commercial relations;
AND WHEREAS it is expedient to make law respecting arbitration and conciliation, taking into account the aforesaid Model Law and
Rules;
BE it enacted by Parliament in the Forty-seventh Year of the Republic of India as follows:-
PRELIMINARY
1.Short title, extent and commencement.- (1) This Act may be called the Arbitration and Conciliation Act, 1996.
(2) It extends to the whole of India:
Provided that Parts, I, III and IV shall extend to the State of Jammu and Kashmir only in so far as they relate to international
commercial arbitration or, as the case may be, international commercial conciliation.
Explanation.- In this sub-section, the expression "international commercial conciliation" shall have the same meaning as the
expression "international commercial arbitration" in clause (f) of sub-section (1) of section 2, subject to the modification that for the
word "arbitration" occurring therein, the word "conciliation" shall be substituted.
(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint
For Downloading Complete THE ARBITRATION AND CONCILIATION ACT, 1996 CLICK HERE
No.26 of 1996
[16th August, 1996]
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.
WHEREAS the United Nations Commission on International Trade Law (UNCITRAL) has adopted the UNCITRAL Model Law on
International Commercial Arbitration in 1985:
AND WHEREAS the General Assembly of the United Nations has recommended that all countries give due consideration to the
said Model Law, in view of the desirability of uniformity of the law of arbitral procedures and the specific needs of international
commercial arbitration practice;
AND WHEREAS the UNCITRAL has adopted the UNCITRAL Conciliation Rules in 1980;
AND WHEREAS the General Assembly of the United Nations has recommended the use of the said Rules in cases where a
dispute arises in the context of international commercial relations and the parties seek an amicable settlement of that dispute by
recourse to conciliation;
AND WHEREAS the said Model Law and Rules make significant contribution to the establishment of a unified legal framework for
the fair and efficient settlement of disputes arising in international commercial relations;
AND WHEREAS it is expedient to make law respecting arbitration and conciliation, taking into account the aforesaid Model Law and
Rules;
BE it enacted by Parliament in the Forty-seventh Year of the Republic of India as follows:-
PRELIMINARY
1.Short title, extent and commencement.- (1) This Act may be called the Arbitration and Conciliation Act, 1996.
(2) It extends to the whole of India:
Provided that Parts, I, III and IV shall extend to the State of Jammu and Kashmir only in so far as they relate to international
commercial arbitration or, as the case may be, international commercial conciliation.
Explanation.- In this sub-section, the expression "international commercial conciliation" shall have the same meaning as the
expression "international commercial arbitration" in clause (f) of sub-section (1) of section 2, subject to the modification that for the
word "arbitration" occurring therein, the word "conciliation" shall be substituted.
(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint
For Downloading Complete THE ARBITRATION AND CONCILIATION ACT, 1996 CLICK HERE
No comments:
Post a Comment