About Indian Council of Arbitration:
- It is one of the oldest arbitral institutions in India.
- It was established in 1965 as a specialized arbitral body at the national level under the initiatives of the Government of India and apex business organizations FICCI.
- It is a registered society under the Societies Registration Act, 1860, operating on a not-for-profit basis.
- Objective: The main objective of ICA is to promote amicable, quick and inexpensive settlement of commercial disputes by means of arbitration, conciliation, regardless of location.
- Function: The core function of ICA is the cost effective and efficient administration of arbitration proceedings.
- The ICA has its own set of procedural rules which govern the conduct of the entire arbitration proceedings, from its commencement to its termination.
- In addition, ICA is tasked with the mission of promoting and building capacity in the area of ADR (Alternative Dispute Resolution).
- It acts as a specialized arbitral body at the national level under the initiatives of the Govt. of India and apex business organizations like FICCI etc.
- Head office: New Delhi.
