Indian Polity · Polity
Consider the following statements regarding the Arbitration Council of India (ACI): I. The Arbitration Council of India (ACI) was provided for under the 2019 amendment to the Arbitration and Conciliation Act to promote institutional arbitration in India. II. The ACI has already been fully constituted and is actively functioning as India's principal regulator of arbitration institutions. III. Institutional arbitration is seen as essential for India's goal of becoming a global hub for international commercial arbitration. How many of the above statements are correct?
- 1None
- 2All three
- 3Only two✓
- 4Only one
Correct answer
Only two
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