CHAPTER II
ESTABLISHMENT AND INCORPORATION OF 1[INDIA INTERNATIONAL ARBITRATION CENTRE]
3. Establishment and incorporation of 2[India International Arbitration Centre].--- (1) The Central Government shall, by notification, establish a body to be called the 2[India International Arbitration Centre] for the purposes of exercising the powers and discharging the functions under this Act.
(2) The Centre shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to enter into contract, and shall, by the said name, sue or be sued.
ESTABLISHMENT AND INCORPORATION OF 1[INDIA INTERNATIONAL ARBITRATION CENTRE]
3. Establishment and incorporation of 2[India International Arbitration Centre].--- (1) The Central Government shall, by notification, establish a body to be called the 2[India International Arbitration Centre] for the purposes of exercising the powers and discharging the functions under this Act.
(2) The Centre shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to enter into contract, and shall, by the said name, sue or be sued.
Source footnotes
1. Subs. by Act 23 of 2022, s. 6, for Chapter heading "NEW DELHI INTERNATIONAL ARBITRATION CENTRE" (w.e.f. 27-1- 2023).2. Subs. by s. 7, ibid., for "New Delhi International Arbitration Centre" (w.e.f. 27-1-2023).
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More sections of this act
Section 1 · Short title and commencement.Section 2 · Definitions.Section 4 · Declaration of India International Arbitration Centre as an institution of national importance.Section 5 · Composition of Centre.Section 6 · Terms and conditions, etc., of Chairperson and Members.Section 7 · Transfer and vesting.Section 8 · General effect of vesting.Section 9 · Liability prior to specified date.India Code, Government of India. Text fetched 24 Oct 2026. Source metadata reports last modification: 2023-05-30. Check the linked official text and subsequent notifications when applying a provision.