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Lesson 13 lists eight features of an arbitral award. Among them, **"Mention of Place"** is required because:
A{'text': 'Place of arbitration is important for the determination of rules applicable to substance of dispute, and recourse against the award', 'label': 'A'}
B{'text': 'Place of arbitration determines the language of the proceedings under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State of India', 'label': 'B'}
C{'text': 'Place of arbitration is required to calculate the stamp duty payable on the award under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force', 'label': 'C'}
D{'text': 'Place of arbitration determines the rate of GST applicable to the arbitration under any provision of any law in force in any State of India regardless of any other consideration of any kind under any law in force in any State', 'label': 'D'}
Answer & Solution
Correct answer: A. {'text': 'Place of arbitration is important for the determination of rules applicable to substance of dispute, and recourse against the award', 'label': 'A'}
1. Lesson 13 explains the significance of place of arbitration: "**Place of arbitration is important for the determination of rules applicable to substance of dispute, and recourse against the award**."
2. Section 20 of the Act gives the parties freedom to agree on the place of arbitration; failing such agreement, the tribunal determines the place.
3. Place of arbitration also refers to the jurisdiction of the Court of a particular city or State for purposes of supervision.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 13 (Arbitration and Conciliation Act, 1996), pp. 297-303._
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