MINISTRY OF LAW AND JUSTICE
(Department of Legal Affairs)
NOTIFICATION
New Delhi, the 22nd February, 2023
S.O. 812(E).—Whereas, by virtue of the Section 7 of the India International Arbitration Centre Act, 2019 (17 of 2019) on the specified date, so much of the undertakings of the International Centre for Alternative Dispute Resolution as form part of, or are relatable to the Society, and the right, title, and interest of the Society in relation to such undertakings were transferred to, and vested in, the Central Government;
And whereas, the Government of India in the Ministry of Law and Justice vide notification number S.O. 2717(E), dated the 13th June, 2022 published in part-II, Section 3, Sub-section (ii) in the Gazette of India notified the establishment of the India International Arbitration Centre in exercise of the power under sub-section (1) of section 3 of the said Act.
Now, therefore, in exercise of powers conferred by sub-section (1) of section 10 of the said Act, the Central Government hereby directs that the undertakings and the right, title and the interest of the International Centre for Alternative Dispute Resolution in relation to such undertakings which had vested in the Central Government under section 7 of the said Act, shall vest in the India International Arbitration Centre with effect from the date of publication of this notification in the Official Gazette.
[F. No. A-60011/24/2022-IIAC/Part-1]
Dr. RAJIV MANI, Addl. Secy.
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