Home› India› INDIA INTERNATIONAL ARBITRATION CENTRE› In exercise of the powers conferred by subsection 4 of secti...
Date: 31-Mar-2023 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by subsection 4 of section 20 read with clause

Issued by INDIA INTERNATIONAL ARBITRATION CENTRE · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The gazette notification pertains to the India International Arbitration Centre (Transaction of Business) Regulations, 2023. These regulations outline the procedures for conducting business at the India International Arbitration Centre (IIAC).

Key Changes

  • The regulations are called the India International Arbitration Centre (Transaction of Business) Regulations, 2023.
  • The regulations came into force on March 31, 2023, the date of their publication in the Official Gazette.
  • The Centre should meet at least once in every quarter.
  • Proceedings of the meetings must be recorded in a minute book and signed by the Chairperson or presiding authority.
  • Extraordinary meetings can be called by the Chairperson or at least three members with a written notice.
  • Notice of ordinary meetings should be sent preferably seven days in advance, and for extraordinary meetings, three days in advance via electronic mail, speed post, or courier.
  • The agenda for ordinary meetings should be sent preferably five days in advance and for extraordinary meetings two days in advance.
  • The quorum for a meeting is three members present in person or via other available modes.
  • If a quorum is not present at the appointed time, the meeting will be adjourned to a later time on the same day or another date decided by the Chairperson or presiding authority. The adjourned meeting does not require a quorum.
  • The Chairperson presides over meetings, and in their absence, the members present will choose a presiding member.
  • Decisions are made by a majority vote, with each member having one vote. In case of a tie, the Chairperson or presiding authority has a casting vote.
  • Resolutions can be adopted by circulation among all members and are binding if approved by a majority of members, even without being formally adopted at a meeting.

Impact Analysis

India International Arbitration Centre (IIAC)

  • Action Item: The IIAC needs to ensure all members are aware of these regulations and that internal processes align with these requirements.

Members of the IIAC

  • Action Item: Members should familiarize themselves with the regulations, particularly those related to meeting attendance, notice, and voting procedures.

Arbitration Community

  • Action Item: The arbitration community should take note of these regulations as they reflect the operational framework of the IIAC.

Key Entities Referenced

India International Arbitration Centre (IIAC): The central entity governed by these regulations, established under the India International Arbitration Centre Act, 2019. India International Arbitration Centre Act, 2019 (17 of 2019): The Act that establishes the IIAC and provides the legal basis for these regulations.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-03042023-244902 xxxGIDHxxx CG-DL-E-03042023-244902 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 217] नई दिल्ली, िुक्रिार, माच च31, 2023/चत्रै 10, 1945 No. 217] NEW DELHI, FRIDAY, MARCH 31, 2023/CHAITRA 10, 1945 भारत अन्त रराष्‍टर ीय माध्य स्ट्थ म ्केंद्र अजधसचू ना नई दिल् ली, 31 माच,च 2023 फा. स.ं ए-60011/3/2023-IIAC.—भारत अन्त रराष्‍टर ीय माध् यस्ट् थम ् केंद्र,भारत अन्त रराष्‍टर ीय माध् यस्ट् थम ् केंद्र अजधजनयम, 2019 (2019 का 17) की धारा 31 की उपधारा (2) के खंड (ख) के साथ पठित धारा 20 की उपधारा (4) द्वारा प्रित् त िज‍त यों का प्रयोग करत े हुए, जनम्न जलजखत जिजनयम बनाता ह,ै अथाचत ् 1. सजं िप्त नाम और प्रारंभ– (1) इन जिजनयमों का संजिप् त नाम भारत अन् तरराष्‍टर ीय माध् यस्ट् थम् केंद्र (कारबार का संव् यिहार) जिजनयम, 2023 ह ै। (2) य ेरािपत्र में उनके प्रकािन की तारीख को प्रिृत् त होंग े। 2. पठरभाषाए–ं (1) इन जिजनयमों में, िब तक दक संिभ चसे अन्य था अपेजित न हो, - (क) “अजधजनयम” स ेभारत अन्त रराष्‍टर ीय माध् यस्ट्थ म ्केंद्र अजधजनयम, 2019 (2019 का 17) अजभप्रेत ह;ै (ख) “केंद्र” से अजधजनयम की धारा 3 के अधीन स्ट्थ ाजपत भारत अन् तरराष्‍टर ीय माध् यस्ट्थ म् केंद्र अजभप्रेत ह;ै (ग) “अध् यि” से धारा 5 के खंड (क) में जनर्िचष्‍टट केंद्र का अध् यि अजभप्रेत ह;ै (घ) “सिस्ट् य” से अजधजनयम की धारा 2 की उपधारा (1) के खडं (छ) में जनर्िचष्‍टट सिस्ट् य अजभप्रेत ह;ै 2189 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] (2) सभी अन् य िब्ि ों और पिों, जिनका इसमें प्रयोग दकया गया ह ै ककंतु पठरभाजषत नहीं दकया गया है, का िही अथच होगा िो उनका क्रमि: उस अजधजनयम में ह ै। 3. केंद्र की बिै क– केंद्र उतनी बार बैिक कर सकेगा जितनी बार िह अपन े कायच के संव् यिहार के जलए आिश् यक समझे ककंत ु साधारणतया बैिक प्रत् यके जतमाही में कम से कम एक बार ऐस ेसमय और स्ट् थान पर होगी िो केंद्र द्वारा जनयत दकया िाए । 4. कायिच ाजहया–ं केंद्र की बैिकों की सभी कायचिाजहयां इस प्रयोिन के जलए केंद्र द्वारा अनुरजित कायचिृत् त बही में प्रजिष्‍टट की िाएंगी और सभी कायचिृत् त सम् यक रुप स े इनके संपुष्‍टट दकए िाने के पश् चात ् यथाजस्ट् थजत, अध् यि या बैिक के पीिासीन प्राजधकारी द्वारा हस्ट्त ािठरत दकए िाएंगे । 5. असाधारण बिै क– केंद्र की असाधारण बैिक यथाजस्ट् थजत, अध् यि या केंद्र के कम से कम तीन सिस्ट् यों द्वारा जलजखत नोठटस पर बलु ाई िाएगी । 6. बिै कों का नोठटस– केंद्र की प्रत् येक बैिक का नोठटस, साधारण बैिक की ििा म ें अजधमानत: सात दिन पूिच, और असाधारण बैिक की ििा म ें बैिक की तारीख स े तीन दिन पिू च इल‍ै र ाजनक मले द्वारा या स्ट्प ीड पोस्ट् ट या कोठरयर द्वारा, डाक भेिन े के प्रमाणपत्र के अधीन, केंद्र के सिस्ट् यों को भेिा िाएगा और बैिक की कायचसूची क्रमि: साधारण बैिक और असाधारण बैिक के जलए अजधमानत: पांच दिन और िो दिन पूिच भेिी िाएगी । 7. गणपर्ू त–च केंद्र की दकसी बैिक के जलए गणपूर्त च का गिन करन े के जलए केंद्र के तीन सिस्ट् यों की व् यज‍त गत उपजस्ट्थ जत या दकसी अन् य उपलब् ध पद्धजत म ेंउपजस्ट् थजत अपेजित होगी : परंत ु यदि बैिक के जलए जनयु‍त समय पर गणपूर्त च उपजस्ट् थत नहीं ह ै तो बैिक उसी तारीख को, पश् चात्िती समय पर या यथाजस्ट् थजत, अध् यि या बैिक के पीिासीन प्राजधकारी द्वारा जिजनजश् चत अन् य तारीख के जलए स्ट्थ जगत हो िाएगी और उसी कायच सूची के आधार पर बलु ाई गई स्ट् थजगत बैिक के जलए गणपूर्त च का मानिडं पूरा करना अपेजित नहीं होगा । 8. पीिासीन प्राजधकारी– केंद्र की प्रत् येक बैिक की अध् यिता अध् यि द्वारा की िाएगी और उसकी अनुपजस्ट्थ जत म ें बैिक म ें उपजस्ट् थत सिस्ट् यों म ेंसे उनके द्वारा चुन े गए सिस्ट् य द्वारा बैिक की अध् यिता की िाएगी । 9. जिजनश्च य– केंद्र की दकसी बैिक में सभी प्रश् न बहुमत द्वारा अिधाठरत दकए िाएगं े । केंद्र के प्रत् येक सिस्ट् य का एक मत होगा । बराबरी की ििा म,ें यथाजस्ट् थजत, अध् यि या पीिासीन अजधकारी का अपने साधारण मत के अजतठर‍त जनणाचयक मत होगा । 10. सकं ल्प – कोई संकल्प , केंद्र की बैिकों के समि रखे गए सकं ल् पों के जसिाय, उनके सभी सिस्ट् यों के बीच पठरचालन द्वारा अंगीकृत दकया िा सकेगा और इस प्रकार पठरचाठरत और सिस्ट् यों के बहुमत द्वारा अंगीकृत जिन् होंने ऐसे संकल्प पर अपना अनुमोिन या अननुमोिन संज्ञाजपत दकया है, उसी प्रकार बाध् यकारी होगा मानो ऐसा संकल् प केंद्र की बैिक म ें अंगीकृत दकया गया था । हमे ंत गुप्त ा, अध् यि [जिज्ञापन-III/4/असा./743/2022-23] INDIA INTERNATIONAL ARBITRATION CENTRE NOTIFICATION New Delhi,the 31st March, 2023 F. No. A-60011/3/2023-IIAC.—In exercise of the powers conferred by sub-section (4) of section 20 read with clause (b) of sub-section (2) of section 31 of the India International Arbitration Centre Act, 2019 (17 of 2019), the India International Arbitration Centre hereby makes the following regulations, namely:- 1. Short title and commencement. - (1) These regulations may be called the India International Arbitration Centre (Transaction of Business) Regulations, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions. –(1) In these regulations, unless the context otherwise requires,- (a) “Act” means the India International Arbitration Centre Act, 2019 (17 of 2019); (b) “Centre” means the India International Arbitration Centre established under section 3 of the Act;[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3 (c) “Chairperson” means the Chairperson of the Centre referred to in clause (a) of section 5; (d) “Member” means the Member as referred to in clause (g) of sub-section (1) of section 2 of the Act. (2) All other words and expressions used here in but not defined and defined in the Act shall have the same meanings respectively assigned to the min the said Act. 3. Meetings of the Centre. - The Centre may meet as often as may be considered necessary for transaction of its business but shall ordinarily meet atleast once in every quarter at such place, date and time as may be decided by the Centre. 4. Proceedings.-All proceedings of the meetings of the Centre shall be entered in a minute book to be maintained by the Centre for the purpose and all the minutes shall be signed by the Chairperson or the presiding authority of the meeting, as the case may be, after the same is duly confirmed. 5. Extraordinary meeting. - An extraordinary meeting of the Centre shall be called on a written notice by at least three Members oft he Centre or by the Chairperson, as the case may be. 6. Notice of meetings. - Notice of every meeting of the Centre shall be sent to the Members of the Centre, in the case of an ordinary meeting preferably before seven days, and in the case of an extraordinary meeting,three days before the date of the meeting, by electronic mail or by Speed Post or Courier, under certificate ofposting and the agenda of the meeting shall be sent preferably five days and two days respectively for an ordinary meeting and an extraordinary meeting. 7. Quorum. - Three Members of the Centre are required to be present in person or any other available mode to constitute the quorum for any meeting of the Centre: Provided that if at the time appointed for the meeting the quorum is not present, the meeting shall stand adjourned to a later time on the same date or another date as decided by the Chairperson or the presiding authority, as the case may be, and the meeting called after the adjourned meeting on the basis of the same agenda shall not be required to fulfill the criteria of aquorum. 8. Presiding authority. - Every meeting of the Centre shall be presided over by the Chairpersonand in his absence, the Members present in the meeting shall choose a Member from amongst themselves to preside over the meeting. 9. Decisions. - All questions at any meeting of the Centre shall be determined by a majority ofvotes. Every Member of the Centre shall have one vote. In case of tie, the Chairperson orpresiding authority, as the case may be shall have acasting vote in addition to his ordinary vote. 10. Resolution. - Any resolution, except such as may be placed before the meetings of the Centre,may be adopted by circulation among all its Members and any resolution so circulated and adopted bymajority of the Members who have signified their approval or disapproval of such resolution shall bebindingas if such resolutionhad been adopted atameeting oftheCentre. HEMANT GUPTA, Chairperson [ADVT.-III/4/Exty./743/2022-23] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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