Examveda
Examveda

An arbitration agreement entered into on 1st August 2019, provides for the arbitration to be in accordance with the Arbitration Act 1940.

A. The arbitration would be governed by the provisions of Arbitration and Conciliation Act, 1996

B. The arbitration would be governed by the provisions of Arbitration Act, 1940

C. The arbitration clause is void

D. The arbitration would be governed by the provisions of the Arbitration Act, 1940 as well as of the Arbitration and Conciliation Act, 1996

Answer: Option A


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An Arbitration Agreement dated 1st December, 2018 provides for reference of disputes to four arbitrators with two to be appointed by each of the parties. The Arbitration Agreement:

A. Is void and non-actionable

B. Is to be construed as being of reference of disputes to a sole arbitrator

C. Is to be construed as being of reference of disputes to three arbitrators

D. Is to be construed as being of reference of disputes to five arbitrators with the fifth arbitrator being nominated by the two arbitrators of each party