The Institute of Chartered Accountants of India (Institute) recognises that in the emerging globalised scenario, the Alternative Dispute Resolution (ADR) system is a cost and time effective alternative to the heavily overburdened Courts. Appreciating the larger role of members in Alternative Dispute Redressal Mechanism as well as the significance of dispute settlement in the development process, the Institute is desirous of promoting the area of practice amongst its members. It offers immense professional opportunities for members given their expertise in Commercial, Financial and Taxation matters. Members of this profession are also known for their independence and are therefore trusted by the business community.
Realising the need, the Council has recently approved the framework for promoting Arbitration as an emerging area of practice amongst the members.
In line with above decision of the Council, the Committee on Economic and Commercial Laws has organised 6th and 7th batch of the Certificate Course at New Delhi and Mumbai respectively. The Committee has also planned to organise more batches of the Course at Metros and Non-Metros across the country. Earlier 5 batches of the Course had already been conducted during the Year 2005/2006.
The Institute is maintaining the Panel of Arbitrators. The names of the members who have undergone the Course successfully have been included in the Panel.
The Institute is promoting awareness about benefits to the parties in utilizing the services of the members empanelled on the ICAI Panel of Arbitrators.
The Panel of Arbitrators is hosted at the Institutes website www.icai.org.