New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The conciliator may, at any stage of the conciliation

    proceedings, make proposals for a settlement of the dispute. Such proposals ____
    A need to be in writing but need not be accompanied by a statement of the reasons. Correct Answer Incorrect Answer
    B need not be in writing and no need of stating reasons. Correct Answer Incorrect Answer
    C need not be in writing but reasons need to be recorded. Correct Answer Incorrect Answer
    D need to be in writing and need to be accompanied by a statement of the reasons Correct Answer Incorrect Answer
    E need not be in writing and need not be accompanied by a statement of the reasons. Correct Answer Incorrect Answer

    Solution

    As per s.67 of Arbitraition & Conciliation Act, 1996 Role of conciliator - (1) The conciliator shall assist the parties in an independent and impartial manner in their attempt to reach an amicable settlement of their dispute. (2) The conciliator shall be guided by principles of objectivity, fairness and justice, giving consideration to, among other things, the rights and obligations of the parties, the usages of the trade concerned and the circumstances surrounding the dispute, including any previous business practices between the parties. (3) The conciliator may conduct the conciliation proceedings in such a manner as he considers appropriate, taking into account the circumstances of the case, the wishes the parties may express, including any request by a party that the conciliator hear oral statements, and the need for a speedy settlement of the dispute. (4) The conciliator may, at any stage of the conciliation proceedings, make proposals for a settlement of the dispute. Such proposals need not be in writing and need not be accompanied by a statement of the reasons therefor.

    Practice Next