Section 62, Mediation Act, 2023 [S2B-RTV]
As at 7 September 2026. In force from 19 June 2024 by S.O. 3961(E) [N12-NS2].
62. Grant of licence.—(1) An application for a licence to undertake the conduct of arbitral proceedings shall be made to the Council in Form A, accompanied by a fee of twenty-five thousand rupees. (2) The Council may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Council may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
Council: Section 2, Mediation Act, 2023 [S2BPYE] (In this Act, unless the context otherwise requires,—): "Council" means the Arbitration Council of India established under section 43B of the Arbitration and Conciliation Act, 1996 (26 of 1996)
Council: 1 more definition.
Made under this section, or naming it (0)
none
Cited by (1)
Section 61, Mediation Act, 2023 [S2B-RSX], 7 August 2023, Band A. "section 62".
Not held (0)
none
Duties published under this section (0)
none