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The Arbitration and Conciliation Act, 1996 is based on the model law on international commercial arbitration prepared by:
A{'text': 'The United Nations Commission on International Trade Law (UNCITRAL)', 'label': 'A'}
B{'text': 'The International Chamber of Commerce of Paris under its own commercial arbitration rules of any year', 'label': 'B'}
C{'text': 'The London Court of International Arbitration under its own commercial arbitration rules of any year', 'label': 'C'}
D{'text': 'The Permanent Court of Arbitration at The Hague under its own commercial arbitration rules of any year', 'label': 'D'}
Answer & Solution
Correct answer: A. {'text': 'The United Nations Commission on International Trade Law (UNCITRAL)', 'label': 'A'}
1. Lesson 13 records: "The new Law is based on **United Nations Commission on International Trade Law (UNCITRAL)**, model law on International Commercial Arbitration."
2. The General Assembly of the UN had recommended that all countries give due consideration to the UNCITRAL Model Law (1985).
3. India adopted the model with the Arbitration and Conciliation Act, 1996 (which consolidated and amended the law and repealed the 1940 Act).
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 13 (Arbitration and Conciliation Act, 1996), pp. 297-303._
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