News:Government has enforced various Sections of the Arbitration and Conciliation (Amendment) Act, 2019 by notifying it in Gazette. Facts: Salient Features of the Amendment Act: Arbitration Council of India: It establishes an independent body called the Arbitration Council of India (ACI) for the promotion of arbitration, mediation, conciliation and other alternative dispute redressal mechanisms. Mandate… Continue reading Arbitration and Conciliation (Amendment) Act, 2019
Tag: Arbitration and conciliation bill
Bill to fortify arbitration framework introduced in Rajya Sabha
Government has introduced the Arbitration and Conciliation (Amendment) Bill,2019 in Rajya Sabha.The bill seeks to amend the Arbitration and Conciliation Act,1996. The bill seeks to make India a hub of domestic and global arbitration for settling commercial disputes.It provides for settlement of commercial disputes within six months. The Bill seeks to establish an independent body… Continue reading Bill to fortify arbitration framework introduced in Rajya Sabha
