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      Question

      Arbitration procedure in India is regulated by?

      A The Arbitration & Conciliation act, 1996. Correct Answer Incorrect Answer
      B The Arbitration Act, 1940. Correct Answer Incorrect Answer
      C UNCITRAL Correct Answer Incorrect Answer
      D Model law of UNCITRAL Correct Answer Incorrect Answer
      E None of the above. Correct Answer Incorrect Answer

      Solution

      The Arbitration and Conciliation Act 1996 is the key law governing arbitration in India. The Act provides for the procedure of arbitration proceedings in India and steps of arbitration. The act has four parts: Part I sets out general provisions on domestic arbitration. Part II addresses the enforcement of foreign awards (Chapter 1 deals with New York Convention awards and Chapter II with awards under the 1927 Geneva Convention). Part III deals with conciliation and Part IV sets out certain supplementary provisions.

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