Question : The New Delhi International Arbitration Centre (Amendment) Bill, 2022 provides for the central government to remove any difficulty in implementing the New Delhi International Arbitration Centre Act, 2019. The period has been extended to one year from the date of _____________ commencement of this act.
Option 1: 4
Option 2: 6
Option 3: 3
Option 4: 5
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Correct Answer: 5
Solution : The correct answer is 5 .
Introduced in Lok Sabha on August 5, 2022, the New Delhi International Arbitration Centre (Amendment) Bill, 2022 proposes changes to the New Delhi International Arbitration Centre Act, 2019. The amendment extends the period from two to five years, allowing the central government to address challenges in implementing the Act. The Act establishes the New Delhi International Arbitration Centre, recognising it as an institute of national importance, replacing the International Centre for Alternative Dispute Resolution.
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