Section 14 of The India International Arbitration Centre Act, 2019
The objects of the Centre shall be,--
- (a)to bring targeted reforms to develop itself as a flagship institution for conducting international and domestic arbitration;
- (b)to promote research and study, providing teaching and training, and organising conferences and seminars in arbitration, conciliation, mediation and other alternative dispute resolution matters;
- (c)to provide facilities and administrative assistance for conciliation, mediation and arbitral proceedings;
- (d)to maintain panels of accredited arbitrators, conciliators and mediators both at national and international level or specialists such as surveyors and investigators;
- (e)to collaborate with other national and international institutions and organisations for ensuring credibility of the Centre as a specialised institution in arbitration and conciliation;
- (f)to set up facilities in India and abroad to promote the activities of the Centre;
- (g)to lay down parameters for different modes of alternative dispute resolution mechanisms being adopted by the Centre; and
- (h)such other objectives as it may deem fit with the approval of the Central Government.
Summary
- The Centre's main goal is to become a top-tier institution for handling both domestic and international arbitration.
- It is responsible for promoting research, teaching, and training, as well as organizing conferences on alternative dispute resolution.
- It must provide the physical facilities and administrative help needed to run dispute resolution proceedings smoothly.
- It is required to keep official lists of accredited arbitrators, mediators, and technical specialists like surveyors and investigators.
- The Centre aims to collaborate with other global organizations and can set up offices both in India and abroad.
- It can adopt additional objectives if it gets approval from the Central Government.
Practical examples
FAQ
1. Can the Centre open offices in other countries?
Yes, one of its objects is to set up facilities in India and abroad to promote its activities.
2. Does the Centre only deal with arbitration?
No, it also handles conciliation, mediation, and other alternative dispute resolution methods.
3. How does a party find a qualified expert for their case?
The Centre maintains panels of accredited arbitrators, conciliators, mediators, and specialists at both the national and international levels.
4. Can the Centre change or add to its main goals over time?
Yes, it can take on other objectives as it deems fit, provided it has the approval of the Central Government.
Test yourself
Q1.Under Section 14 of The India International Arbitration Centre Act, 2019, which of the following groups must the Centre maintain accredited panels for?
Q2.Under Section 14 of The India International Arbitration Centre Act, 2019, where is the Centre authorized to set up facilities to promote its activities?
Q3.Under Section 14 of The India International Arbitration Centre Act, 2019, what must the Centre obtain before it can adopt new objectives not explicitly listed in the Act?
Q4.Under Section 14 of The India International Arbitration Centre Act, 2019, how does the Centre plan to ensure its credibility as a specialized institution?