{"id":211176,"date":"2019-03-01T20:00:22","date_gmt":"2019-03-01T14:30:22","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=211176"},"modified":"2019-03-01T16:10:06","modified_gmt":"2019-03-01T10:40:06","slug":"union-cabinet-approves-new-delhi-international-arbitration-centre-ordinance-2019","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/01\/union-cabinet-approves-new-delhi-international-arbitration-centre-ordinance-2019\/","title":{"rendered":"Union Cabinet Approves &#8211;New Delhi International Arbitration Centre Ordinance, 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved promulgation of an Ordinance for establishing the <strong>New Delhi International Arbitration Centre (NDIAC) for the purpose of creating an independent and autonomous regime for institutionalised arbitration<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><strong><u>Benefits<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">The benefits of institutionalized arbitration will accrue to Government and its agency and to the parties to a dispute.\u00a0 This shall be to the advantage of the public and the public institutions in terms of quality of expertise and costs incurred and will facilitate India becoming a hub for Institutional Arbitration.<\/p>\n<p style=\"text-align: justify;\"><strong><u>Objective<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">The NDAIC shall be established with an aim to:-<\/p>\n<p style=\"text-align: justify;\">(a) to bring\u00a0 targeted\u00a0 reforms\u00a0 to develop itself as a flagship institution for conducting international and domestic arbitration<\/p>\n<p style=\"text-align: justify;\">(b) provide facilities and administrative assistance for conciliation mediation and arbitral proceedings;<\/p>\n<p style=\"text-align: justify;\">(c) maintain panels of accredited arbitrators, conciliators and mediators both at national and international level or specialists such as surveyors and investigators;<\/p>\n<p style=\"text-align: justify;\">(d) facilitate conducting of international and domestic arbitrations and conciliation in the most professional manner;<\/p>\n<p style=\"text-align: justify;\">(e) provide cost-effective and timely services for the conduct of arbitrations and conciliations at Domestic and International level;<\/p>\n<p style=\"text-align: justify;\">(f) promote studies in the field of alternative dispute resolution and related matters, and to promote reforms in the system of settlement of disputes; and<\/p>\n<p style=\"text-align: justify;\">(g) co-operate with other societies, institutions and organisations, national or international for promoting alternative dispute resolution.<\/p>\n<p style=\"text-align: justify;\">In order to facilitate the setting up of NDIAC, the Ordinance envisages the transfer and vesting of the undertakings of the ICADR in the Central Government. The Central Government will subsequently vest the undertakings in NDIAC.<\/p>\n<p style=\"text-align: justify;\"><strong><u>Salient Features:<\/u><\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>New Delhi International Arbitration Centre (NDIAC) will be headed by a chairperson who has been a Judge of the Supreme Court or a Judge of a High Court or an eminent person, having special knowledge and experience in the conduct or administration of arbitration law or management, to be appointed by the Central Government in consultation with the Chief Justice of India.<\/li>\n<li>There will be two Full time or Part time Members from amongst eminent persons having substantial knowledge and experience in institutional arbitration, both domestic and international.<\/li>\n<li>Also, one representative of a recognised body of commerce and industry shall be chosen on rotational basis as Part time Member.<\/li>\n<li>Secretary, Department of Legal Affairs, Financial Adviser nominated by the Department of Expenditure and Chief Executive Officer, NDIAC shall be ex-officio Members.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong><u>Background:<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\">The New Delhi International Arbitration Centre Bill, 2019, could not be taken up for consideration and passing by the Rajya Sabha in the recently concluded 248<sup>th<\/sup>\u00a0Session. Further, the Parliament has been adjourned sine die on 13th February, 2019. As per the provisions of Article 107(5) of the Constitution of India, a Bill, which has been passed by the Lok Sabha but is still pending in the Rajya Sabha, shall lapse on dissolution of the Lok Sabha, which is likely to take place in near future.<\/p>\n<p style=\"text-align: justify;\">Therefore, the Government in view of the urgency to make India a hub of institutionalised arbitration and promote &#8216;ease of doing business&#8217; has decided to promulgate an Ordinance namely &#8220;The New Delhi International Arbitration Centre Ordinance, 2019&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved promulgation of an Ordinance for establishing the New Delhi International 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12-06-2019: Cabinet approves The Aadhaar and Other Laws (Amendment) Bill, 2019:\u00a0 \u201cThe Aadhaar and Other Laws (Amendment) Bill, 2019\u201d to replace the Aadhaar and Other Laws (Amendment) Ordinance, 2019. The amendments proposed are the same as those contained in the\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":217077,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/07\/19\/parliament-passes-new-delhi-international-arbitration-centre-bill-2019\/","url_meta":{"origin":211176,"position":1},"title":"Parliament passes New Delhi International Arbitration Centre Bill, 2019","author":"Bhumika Indulia","date":"July 19, 2019","format":false,"excerpt":"New Delhi Arbitration Centre Bill, 2019 was passed yesterday by Rajya Sabha i.e. 18-07-2019. It seeks to provide for the establishment and incorporation of New Delhi International Arbitration Centre, NDIAC for the purpose of creating an independent and autonomous regime for institutionalized arbitration. The Bill replaces the New Delhi International\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":225570,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/13\/ministry-of-law-and-justice-issues-draft-new-delhi-international-arbitration-centre-ndiac-rules\/","url_meta":{"origin":211176,"position":2},"title":"Ministry of Law and Justice issues &#8212; Draft New Delhi International Arbitration Centre (NDIAC) Rules","author":"Bhumika Indulia","date":"February 13, 2020","format":false,"excerpt":"The New Delhi International Arbitration Centre (NDIAC), Act 2019 was enacted with a view to provide for the establishment and incorporation of the New Delhi International Arbitration Centre for the purpose of creating an independent and autonomous regime for institutionalised arbitration and to make it a hub for institutional arbitration\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":217523,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/07\/31\/cabinet-approves-signing-of-un-convention-on-international-settlement-agreements-resulting-from-mediation-by-india\/","url_meta":{"origin":211176,"position":3},"title":"Cabinet approves signing of UN Convention on International Settlement Agreements resulting from mediation by India","author":"Bhumika Indulia","date":"July 31, 2019","format":false,"excerpt":"Union Cabinet has approved the signing of the United Nations Convention on International Settlement Agreements (UNISA) resulting from mediation by the Republic of India scheduled to be held at Singapore on 7-08-2019, or at United Nations Headquarters. Benefit: Signing of the Convention will boost the confidence of the investors and\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/CABINET-SECRETARIAT.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":27631,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/11\/28\/union-of-india-directed-to-examine-section-29-a-of-the-arbitration-and-conciliation-amendment-ordinance-2015\/","url_meta":{"origin":211176,"position":4},"title":"Union of India directed to examine Section 29-A of the Arbitration and Conciliation (Amendment) Ordinance, 2015","author":"Sucheta","date":"November 28, 2015","format":false,"excerpt":"Madras High Court: Directing the Union of India to examine the provision related to pending arbitration proceedings as per the recently promulgated Arbitration and Conciliation (Amendment) Ordinance, 2015, the Division Bench of S.K. Kaul, C.J. and Pushpa Sathyanarayana, J., stated that the Government must clarify that whether Section 29-A would\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":238549,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/05\/arbitration-and-conciliation-amendment-ordinance-2020-stakeholder-get-opportunity-to-seek-unconditional-stay-of-enforcement-of-arbitral-awards-induced-by-fraud-or-corruption\/","url_meta":{"origin":211176,"position":5},"title":"Arbitration and Conciliation (Amendment) Ordinance, 2020: Stakeholder get opportunity to seek unconditional stay of enforcement of arbitral awards induced by fraud or corruption","author":"Bhumika Indulia","date":"November 5, 2020","format":false,"excerpt":"President promulgates Arbitration and Conciliation (Amendment) Ordinance, 2020 Amendment of Section 36 In Section 36 of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the principal Act), in sub-section (3), after the proviso, the following shall be inserted and shall be deemed to have been inserted with effect\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/211176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=211176"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/211176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/209514"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=211176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=211176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=211176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}