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An Act to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto. Preamble.—WHEREAS the United Nations Commission on International Trade Law (UNCITRAL) has adopted the UNCITRAL Model Law on International Commercial Arbitration in 1985; ANDWHEREAS the General Assembly of the United Nations has recommended that all countries give due consideration to the said Model Law, in view of the desirability of uniformity of the law of arbitral procedures and the specific needs of international commercial arbitration practice; ANDWHEREAS the UNCITRAL has adopted the UNCITRAL Conciliation Rules in 1980; ANDWHEREAS the General Assembly of the United Nations has recommended the use of the said Rules in cases where a dispute arises in the context of international commercial relations and the parties seek an amicable settlement of that dispute by recourse to conciliation; ANDWHEREAS the said Model Law and Rules make significant contribution to the establishment of a unified legal framework for the fair and efficient settlement of disputes arising in international commercial relations; ANDWHEREAS it is expedient to make law respecting arbitration and conciliation, taking into account the aforesaid Model Law and Rules;
Which of the following steps were taken during the Liberalisation process in India?
I- The new policy encouraged the entry of private sector firm...
As provided under the IFSCA Act all sums realised by way of penalties or fines under this Act shall be credited to the____________________
Which of the following enactment has not been amended by IFSCA Act?
Which of the following is nonverbal communication?
In a period of falling prices, a firm reporting under LIFO compared to reporting under FIFO, will have a higher ______
What was the estimated total business of State Bank of India (SBI) in FY24?
What are Scheduled Banks?
Who is designated as the Chairperson of the Board for Regulation and Supervision of Payment and Settlement Systems according to the IFSCA Regulations 2024?