{"id":268339,"date":"2022-06-14T10:00:42","date_gmt":"2022-06-14T04:30:42","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=268339"},"modified":"2022-06-13T17:05:50","modified_gmt":"2022-06-13T11:35:50","slug":"remuneration-and-perquisites-decided-for-members-of-new-delhi-arbitration-centre-vide-new-delhi-international-arbitration-centre-terms-and-conditions-and-the-salary-and-allowances-payable-to-chairper","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/14\/remuneration-and-perquisites-decided-for-members-of-new-delhi-arbitration-centre-vide-new-delhi-international-arbitration-centre-terms-and-conditions-and-the-salary-and-allowances-payable-to-chairper\/","title":{"rendered":"Remuneration and perquisites decided for members of New Delhi Arbitration Centre vide New Delhi International Arbitration Centre (Terms and Conditions and the Salary and allowances payable to Chairperson and Full-time Members) Rules, 2022"},"content":{"rendered":"<p style=\"text-align: justify;\">On 11<sup>th<\/sup> June, 2022, Central Government passed <em>New Delhi International Arbitration Centre (Terms and Conditions and the Salary and allowances payable to Chairperson and Full-time Members) Rules, 2022<\/em>. Coming into force with immediate effect these rules are made under Section 30 of <a href=\"http:\/\/www.scconline.com\/DocumentLink\/C5HOv7C5\">New Delhi International Arbitration Centre Act, 2019<\/a> (<strong>Act<\/strong>).<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">New Delhi International Arbitration Centre is body corporate made under <em>Section 3 of the Act<\/em>. In the Centre, any retired Judge of Supreme Court or High Court is made the Chairperson. Whereas, two eminent persons having substantial knowledge and experience in institutional arbitration, both domestic and international, are appointed as Full-time Members.<\/p>\n<p style=\"text-align: justify;\"><strong><u>\u00a0<\/u><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong><u>Key Points<\/u><\/strong>:<\/p>\n<ul style=\"text-align: justify;\">\n<li>These rules define the remuneration and other perquisites provided to the Full-time members and Chairperson [<em>Section 5 of the Act<\/em>] of the New Delhi Arbitration Centre.<\/li>\n<li>Salary and allowances (<em>Rule 4<\/em>) are applicable to terms and conditions officers of equivalent rank in Central Government are as follows\u2013<\/li>\n<\/ul>\n<ol style=\"text-align: justify;\">\n<li style=\"list-style-type: none;\">\n<ol>\n<li>Chairperson- Rs. 2, 25,000\/- p.m.<\/li>\n<li>Member (as defined under <em>Rule 2d<\/em>) &#8211; Rs. 1, 82,200\/- p.m.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<ul style=\"text-align: justify;\">\n<li>H.R.A.- At the rate of 27% (<em>Rule 7<\/em>).<\/li>\n<li>PF- Under Contributory Pension Fund (<em>Rule 8<\/em>).<\/li>\n<li>Medical Treatment- Under the category of \u201cGroup A\u201d or under Central Services (Medical Attendance) Rules, 1944 (<em>Rule 11<\/em>).<\/li>\n<li>Chairperson and Members have to make a compulsory declaration of his assets &amp; liabilities and financial and other interests under <em>Rule 14 <\/em>when he assumes the given positions<em>.<\/em><\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<hr \/>\n<h4 style=\"text-align: justify;\"><span style=\"color: #800000;\">*Shubhi Srivastava, Editorial Assistant has reported this brief.<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>On 11th June, 2022, Central Government passed New Delhi International Arbitration Centre (Terms and Conditions and the Salary and allowances payable to 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Key Points: According to Sec. 43-M of\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":"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":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":268339,"position":2},"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 &quot;Legislation Updates&quot;","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":225512,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/02\/12\/draft-arbitration-council-of-india-aci-rules-issued-for-public-consultation\/","url_meta":{"origin":268339,"position":3},"title":"Draft Arbitration Council of India (ACI) Rules issued for public consultation","author":"Bhumika Indulia","date":"February 12, 2020","format":false,"excerpt":"The Arbitration and Conciliation Act, 1996, was amended by the Arbitration and Conciliation (Amendment) Act, 2015 in order to make arbitration process user-friendly, cost-effective and ensure speedy disposal and neutrality of arbitrators. To give a boost to institutional, arbitration vis-a-vis ad hoc arbitration and to remove some practical difficulties in\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":269478,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/02\/legislations-monthly-roundup-june-2022\/","url_meta":{"origin":268339,"position":4},"title":"Legislations | Monthly RoundUp [June, 2022]","author":"Bhumika Indulia","date":"July 2, 2022","format":false,"excerpt":"MINISTRY OF CORPORATE AFFAIRS MCA extends date of submitting Form CSR-2 till June 30, 2022 vide Companies (Accounts) Third Amendment Rules, 2022 The Central Government notified Companies (Accounts) Third Amendment Rules, 2022 to further to amend the Companies (Accounts) Rules, 2014. The amendment extends the date for furnishing CSR Report\u2026","rel":"","context":"In &quot;Legal RoundUp&quot;","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"Monthly RoundUp June 2022","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/Monthly_RoundUp_June_2022.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/Monthly_RoundUp_June_2022.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/Monthly_RoundUp_June_2022.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/Monthly_RoundUp_June_2022.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/Monthly_RoundUp_June_2022.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":211176,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/01\/union-cabinet-approves-new-delhi-international-arbitration-centre-ordinance-2019\/","url_meta":{"origin":268339,"position":5},"title":"Union Cabinet Approves &#8211;New Delhi International Arbitration Centre Ordinance, 2019","author":"Bhumika Indulia","date":"March 1, 2019","format":false,"excerpt":"The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved promulgation of an Ordinance for establishing the New Delhi International Arbitration Centre (NDIAC) for the purpose of creating an independent and autonomous regime for institutionalised arbitration. Benefits The benefits of institutionalized arbitration will accrue to Government and its\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":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/268339","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=268339"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/268339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/266806"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=268339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=268339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=268339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}