When did the Arbitration and Conciliation Act 1996 came into force?
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The Arbitration and Conciliation Act 1996 came into force on 22.08.1996.
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The Arbitration and Conciliation Act 1996 was amended in 2015 that regulates the domestic arbitration in India. It mainly introduces the Arbitration and Conciliation (Amendment) Bill to make arbitration preferred mode of settlement of commercial disputes as well as makes India a hub of international commercial arbitration for more number of benefits without any hassle.
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