Amendment status not verified — confirm the current text below against the official source.
(1) When the Registrar under sub-section (3) of section 103 decides to refer a forum of arbitrators. . dispute to.a forum of arbitrators, he shall— (i) call upon each of the parties to nominate one person as arbitrator within 15 days or such time as he may direct and where a party consists of more than one person, such persons shall jointly make only one nomination; and (ii) nominate the third arbitrator who shall act as its Chairman. (2) If a party fails to make a nomination within the time as under clause (i) of sub-section (1), the Registrar may himself make the nomination. (3) Where three arbitrators are appointed, the opinion of the majority shall prevail. Force and effect of certain award.