{"id":225570,"date":"2020-02-13T15:30:42","date_gmt":"2020-02-13T10:00:42","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=225570"},"modified":"2020-02-13T13:09:46","modified_gmt":"2020-02-13T07:39:46","slug":"ministry-of-law-and-justice-issues-draft-new-delhi-international-arbitration-centre-ndiac-rules","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/13\/ministry-of-law-and-justice-issues-draft-new-delhi-international-arbitration-centre-ndiac-rules\/","title":{"rendered":"Ministry of Law and Justice issues — Draft New Delhi International Arbitration Centre (NDIAC) Rules"},"content":{"rendered":"

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 and to declare the New Delhi International Arbitration Centre to be an institution of national importance.<\/p>\n

The Act replaced the ordinance on the subject which had come into force on 02-03-2019.<\/p>\n

As per Section 5 of the Act, 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. Besides, it will also have two Full-time or Part-time Members from amongst eminent persons having substantial knowledge and experience in institutional arbitration, both domestic and international.<\/p>\n

In addition, one representative of a recognized body of commerce and industry shall be nominated on rotational basis as a Part-time Member. The Secretary, Department of Legal Affairs, Ministry of Law & Justice; Financial Adviser nominated by Department of Expenditure, Ministry of Finance and Chief Executive Officer, NDIAC will be ex-officio Members.<\/p>\n

Section 23 of the Act provides for the Secretariat to the Centre\u00a0inter-<\/em>alia comprising Registrar, Counsel and other officers & employees etc.<\/p>\n

In this regard, the Department of Legal Affairs has prepared the following draft Rules:<\/p>\n

    \n
  1. The New Delhi International Arbitration Centre (the terms and conditions and the salary and allowances payable to the Chairperson and Full-time Members) Rules 2020.<\/li>\n
  2. The New Delhi International Arbitration Centre (the travelling and other allowances payable to Part-time Members) Rules 2020.<\/li>\n
  3. The New Delhi International Arbitration Centre (the number of officers and employees of the Secretariat of the Centre) Rules 2020.<\/li>\n
  4. The New Delhi International Arbitration Centre (the qualifications, experience, method of selection and the functions of the Registrar, Counsel and other officers and employees of the Centre) Rules 2020.<\/li>\n<\/ol>\n

    The Government intends to consult all stakeholders in the process. A copy of the aforesaid draft Rules have been uploaded on the website of the department of Legal Affairs (http:\/\/legalaffairs.gov.in\/<\/a>). Accordingly, DoLA has commenced public consultation on the draft rules with the timeline of submission of comments by 14-03-2020.<\/p>\n

    \n

    Ministry Of Law & Justice<\/strong><\/p>\n

    [Source: PIB]<\/strong><\/p>\n

    [Press Release dt. 12-02-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    The New Delhi International Arbitration Centre (NDIAC), Act 2019 was enacted with a view to provide for the establishment and incorporation of <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[3226,39601,39600],"class_list":["post-225570","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-rules_regulations","tag-arbitration","tag-department-of-legal-affairs","tag-new-delhi-international-arbitration-centre-act-2019"],"yoast_head":"\nMinistry of Law and Justice issues -- Draft New Delhi International Arbitration Centre (NDIAC) Rules | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Coming into force with immediate effect these rules are made under Section 30 of New Delhi International Arbitration Centre Act, 2019 (Act).\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Central Government Notification","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=1050%2C600&ssl=1 3x"},"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":225570,"position":4},"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 "Cabinet Decisions"","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":268901,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/23\/new-delhi-international-arbitration-centre-form-of-annual-statement-of-accounts-rules-2022\/","url_meta":{"origin":225570,"position":5},"title":"New Delhi International Arbitration Centre (Form of Annual Statement of Accounts) Rules, 2022","author":"Bhumika Indulia","date":"June 23, 2022","format":false,"excerpt":"The Central Government has notified the New Delhi International Arbitration Centre (Form of Annual Statement of Accounts) Rules, 2022 relating to the annual statement of accounts, including the balance sheet of the Centre. \u00a0 Key points: The Centre must maintain its accounts and prepare its annual statement of accounts, balance\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Central Government Notification","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225570","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=225570"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/225570\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=225570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=225570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=225570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}