Section 47 Arbitration and Mediation Act

Section 47 Arbitration and Mediation Act 2023 is about Form and contents of award. It is under Part I (Arbitration) of the Act.

(1) The award shall be in writing and signed by the arbitrator or arbitrators.
(2) In an arbitral proceeding with more than one arbitrator, the signatures of a majority of all the members of the arbitral tribunal shall suffice, provided that the reason for any omitted signature is stated

(3) The award shall state the –
(a) reasons upon which it is based, unless the parties have agreed that no reason should be given or the award is an award on agreed terms under section 45 of this Act;
(b) date it was made; and
(c) seat of the arbitration as agreed or determined under section 32(1) of this Act, which seat is deemed to be the place where the award was made.

(4) Subject to the provisions of section 54 of this Act, after the award is made, a copy signed by the arbitrators in accordance with subsections (1) and (2) shall be delivered to each party.