The amendments to the Arbitration and Conciliation Act, 1996
were passed by both the Houses of the Parliament and became a law
on August 09, 2019 after the President of India gave its assent to
the amendments. The amendments shall be known as Arbitration and
Conciliation (Act), 2019 and will be treated as additional to the
Arbitration and Conciliation Act (Amendments), 2018.
Some of the key highlights of the Arbitration and Conciliation
(Amendment) Act, 2019 ('Amendment Act') are set out
below:
1. Arbitration Council of India: Under the
amendment establish an independent body called the Arbitration
Council of India (ACI) for the promotion of arbitration, mediation,
conciliation and other alternative dispute redressal
mechanisms.
