Rule 31
The fees, costs and expenses incidental to the reference and the award shall include the following:
Registration Fee
(1) The Registration fee shall be payable with regard to the amount
in dispute in each case as under. The registration fee will not be refunded and becomes
the property of the Council.
Rs.2, 500/- upto Rs. One Crore claim
Rs.5, 000/- more than Rs. One Crore claim
(2) Administrative Fee and Arbitrator's Fee
The Administrative fee (of lCA) and Arbitrator's fee (for each arbitrator) will be
fixed separately with regard to the amount in dispute including determined interest
in each case, as under:
| Upto Rs. 5 lac (Rs.500, 000) |
Rs. 8000/- |
| From Rs. 5 lack one to Rs. 25 lack (Rs.500, 001- to 2,500,000) |
Rs 8000/-plusRs 500/per lac or
part thereof subject to a
Ceiling of Rs.18, 000/- |
| From Rs. 25 lac one to Rs. 1 crore
(Rs.2, 500, 001- to Rs.10, 000,000) |
Rs.18, 000/- + Rs. 200 only per lack or part
there of subject of subject to a
Ceiling of Rs.33, 000 |
| From Rs. 1crore one to Rs. 5 crore
(Rs.10, 000, 001 to Rs.50, 000, 000) |
Rs.33, 000/- plus Rs.5, 000/- per crore or part thereof subject to a ceiling of Rs.53, 000/- |
| From Rs. 5 crore one to Rs. 10 crore
(Rs.50, 000, 001to Rs.100, 000,000) |
Rs.53, 000/-- plus Rs.3, 000/-- per crore or part
thereof subject to a ceiling of Rs.68, 000/-
|
| Over Rs.IO crore
(Rs.100, 000,000) |
Rs.68, 000/-- plus Rs.2, 500/-- per
crore or part thereof
|
(3) In addition to the above
(i) each arbitrator will be entitled to receive a Special Fee for study of the pleadings, case material,
Upto Rs. 5 Lac (Rs.500, 000) - Rs.l000/- lumpsum
From Rs. 5 lac one to Rs. 5 crore - Rs.2, 000/- lumpsum,
(Rs.500, 00l to Rs.50, 000, 000)
Rs. 5 crore one and above - Rs.5, 000/-- lumpsum
(Rs 50000001 & Above
(ii) The lCA will be entitled to receive a Special Fee of Rs.l, 000/- per hearing for providing facilities of hearing rooms, for arbitration hearings and secretarial assistance etc. at the arbitration hearing.
|
|
