1. (1) This Act may be called the New Delhi International Arbitration Centre Act, 2019.
(2) It shall be deemed to have come into force on the 2nd March, 2019.
2. (1) In this Act, unless the context otherwise requires,—
(a) “Centre” means the New Delhi International Arbitration Centre established
and incorporated under section 3;
(b) “Chairperson” means the Chairperson of the Centre referred to in clause (a)
of section 5;
(c) “Chief Executive Officer” means the Chief Executive Officer appointed under
section 21;
(d) “Committee” means the relevant Committee of the Centre referred to in
section 19;
(e) “Custodian” means the person who is appointed as Custodian under
sub-section (2) of section 11 in respect of the undertakings;
(f) “Fund” means the Fund of the Centre to be maintained under section 25;
(g) “Member” means Full-time or Part-time Member of the Centre and includes
the Chairperson;
(h) “notification” means a notification published in the Official Gazette;
(i) “prescribed” means prescribed by rules made by the Central Government
under this Act;
(j) “regulations” means regulations made by the Centre under this Act;
21 of 1860.
Definitions.
Short title and
commencement.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 3
(k) “Society” means the International Centre for Alternative Dispute Resolution,
registered as such under the Societies Registration Act, 1860, and having its registered
office at New Delhi;
(l) “specified date” means the date as may be specified by the Central Government
by notification;
(m) “undertakings” means the undertakings of the Society which vests with the
Central Government under section 7.
(2) All other words and expressions used herein but not defined and defined in the
Arbitration and Conciliation Act, 1996, shall have the same meanings as assigned to them in
that Act.