{"id":245674,"date":"2021-03-16T19:51:56","date_gmt":"2021-03-16T14:21:56","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=245674"},"modified":"2021-07-30T09:27:33","modified_gmt":"2021-07-30T03:57:33","slug":"arbitration-and-conciliation-amendment-act-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/16\/arbitration-and-conciliation-amendment-act-2021\/","title":{"rendered":"Arbitration and Conciliation (Amendment) Act, 2021"},"content":{"rendered":"<p style=\"text-align: justify;\">On 11<sup>th<\/sup> March, 2021, the Central Government has notified the \u2018The Arbitration and Conciliation (Amendment) Act, 2021\u2019. The Amendment Act is deemed to have come into effect from 4<sup>th<\/sup> November, 2020. The Amendment Act seeks to repeal The Arbitration and Conciliation (Amendment) Ordinance, 2020 and amend the Arbitration and Conciliation Act, 1996 (\u201cAct\u201d) in the following manner:<\/p>\n<ul>\n<li style=\"text-align: justify;\">Section 36 of the Act has been extended to include that the court shall stay the award unconditionally, in cases, where, it is prima facie made out that the (a) the arbitration agreement or contract which is the basis of the award; or (b) the making of the award, was induced or effected by fraud or corruption. This is deemed effective from 23<sup>rd<\/sup> October, 2015.<\/li>\n<li style=\"text-align: justify;\">Section 43J of the Act has been substituted and the new section states that the qualifications, experience and norms for accreditation of arbitrators shall be specified by the regulations.<\/li>\n<li style=\"text-align: justify;\">Schedule VIII of the Act has been omitted.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>On 11th March, 2021, the Central Government has notified the \u2018The Arbitration and Conciliation (Amendment) Act, 2021\u2019. The Amendment Act is deemed <\/p>\n","protected":false},"author":121,"featured_media":154904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[],"class_list":["post-245674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arbitration and Conciliation (Amendment) Act, 2021 | 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\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/16\/arbitration-and-conciliation-amendment-act-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitration and Conciliation (Amendment) Act, 2021\" \/>\n<meta property=\"og:description\" content=\"On 11th March, 2021, the Central Government has notified the \u2018The Arbitration and Conciliation (Amendment) Act, 2021\u2019. 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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":[]},{"id":193838,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/08\/cabinet-approves-arbitration-conciliation-amendment-bill-2018\/","url_meta":{"origin":245674,"position":1},"title":"Cabinet approves the Arbitration and Conciliation (Amendment) Bill, 2018","author":"Saba","date":"March 8, 2018","format":false,"excerpt":"The Union Cabinet has approved the Arbitration and Conciliation (Amendment) Bill, 2018 for introduction in Parliament. It is a part of the efforts of the Government to encourage institutional arbitration for settlement of disputes and make India a centre of robust Alternative Dispute Resolution (ADR) mechanism. Benefits: The Amendments in\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\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":273278,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/09\/08\/delhi-high-court-amendment-application-being-rejected-as-belated-does-not-constitute-interim-award-susceptible-to-challenge-under-s-34-arbitration-conciliation-act-1996\/","url_meta":{"origin":245674,"position":2},"title":"Delhi High Court: Amendment application being rejected as &#8216;belated&#8217; does not constitute interim award susceptible to challenge under S 34 Arbitration &#038; Conciliation Act, 1996","author":"Editor","date":"September 8, 2022","format":false,"excerpt":"\u00a0 \u00a0 Delhi High Court: In a petition filed under Section 34 of the Arbitration and Conciliation Act, 1996, (\u2018A&C Act') challenging an order passed wherein the arbitrator rejected an application filed by the petitioner for amendment of the statement of claim, Prateek Jalan, J. dismissed the petition as non-maintainable\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":"Delhi High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/delhi_high_court.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/delhi_high_court.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/delhi_high_court.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/delhi_high_court.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/delhi_high_court.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":194071,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/16\/arbitration-and-conciliation-amendment-act-2015-is-prospective-in-nature\/","url_meta":{"origin":245674,"position":3},"title":"Arbitration and Conciliation (Amendment) Act, 2015 is prospective in nature","author":"Prachi Bhardwaj","date":"March 16, 2018","format":false,"excerpt":"Supreme Court: In the case where the Bench of RF Nariman and Navin Sinha, JJ was deciding the question as to the nature of the Arbitration and Conciliation (Amendment) Act, 2015, it was held: \u201cthe Amendment Act is prospective in nature and will apply to those arbitral proceedings that are\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":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_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\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":89921,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/12\/05\/amendment-to-arbitration-conciliation-act-1996-to-have-retrospective-effect-on-pending-post-award-court-proceedings\/","url_meta":{"origin":245674,"position":4},"title":"Amendment to Arbitration &#038; Conciliation Act, 1996 to have retrospective effect on pending post-award court proceedings","author":"Saba","date":"December 5, 2016","format":false,"excerpt":"Bombay High Court:\u00a0In the case where Board of Control for Cricket in India (BCCI) challenged both the arbitral awards ordered against it, by filing applications under the Arbitration and Conciliation Act, 1996, an amendment was brought to the Act subsequently. The Bench of R.P. SondurBaldota, J., dismissing the applications upheld\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":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":219131,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/04\/enforcement-of-various-provisions-of-the-arbitration-and-conciliation-amendment-act-2019\/","url_meta":{"origin":245674,"position":5},"title":"Enforcement of various provisions of the Arbitration and Conciliation (Amendment) Act, 2019","author":"Bhumika Indulia","date":"September 4, 2019","format":false,"excerpt":"The Arbitration and Conciliation (Amendment) Act, 2019 was notified on 09-08-2019. Sub-Section 2 of Section 1 of the Arbitration and Conciliation (Amendment) Act, 2019 provides as under:- \u201c(2) Save as otherwise provided in this Act, it shall come into force on such date as the Central Government may, by notification\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\/245674","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\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=245674"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/245674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154904"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=245674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=245674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=245674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}