Section 11A of ACA : Section 11A: Power Of Central Government To Amend Fourth Schedule
ACA
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Explanation using Example
Imagine a construction company and a supplier have an arbitration agreement that refers to the Fourth Schedule of the Arbitration and Conciliation Act, 1996, which outlines the model fees for arbitrators. The Central Government realizes that due to inflation, the fees are outdated and need to be revised.
In this case, the...
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