Amendment to the Fourth Schedule to the Arbitration and Conciliation Act, 1996

This document details an amendment to the Fourth Schedule of the Arbitration and Conciliation Act, 1996. It corrects an inadvertent error in the calculation of model fees for claims exceeding Rs.10,00,00,000. The amendment clarifies the fee structure for high-value disputes. This is crucial for legal practitioners, arbitrators, and businesses engaging in arbitration proceedings under the Act.

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