Nyaya Portal membership is a premium product for promoting a culture of Non-litigation mechanism in between the business entities. Arbitration is luxurious and expensive mode of dispute resolution system due to which this mechanism is out of reach of majority of business entities and is confined to the large corporate businesses. Nyaya Portal membership is bringing a revolution in field of arbitration. Nyaya Portal membership holder can access the justice within time at a very low cost.
Nyaya Portal membership is open to all business entities whether small or large, who wish to incorporate the model arbitration clause of National Arbitral Tribunal (NAT) in their business documents and agree to submit their domestic commercial dispute(s) to arbitration in accordance with the National Arbitral Tribunal (Procedural) Rules, 2017. Membership fees are based on business turnover. The members will be entitled for following exemption from the arbitrator and administrative fees, as specified in schedule-I of National Arbitral Tribunal (Procedural) Rules, 2017.
This membership can be availed by business entities with a minimum turnover above INR 20,00,000 (twenty lakhs). Membership holder can avail the benefit of exemptions from fee, during the tenure of membership.
Categories & Fees (Taxes as Applicable)
|Membership Category||Turnover of business||Registration Fee
|Bronze||Above INR 20,00,001 and up to INR. 1,00,00,000||INR 5,000||INR 12,500||INR 15,000|
|Silver||Above INR. 1,00,00,001 and up to INR. 10,00,00,000||INR 5,000||INR 25,000||INR 30,000|
|Gold||Above INR. 10,00,00,001 and up to INR. 20,00,00,000||INR 5,000||INR 60,000||INR 75,000|
|Platinum||Above INR. 20,00,00,001||INR 5,000||INR 10,0000||INR 1,25,000|
Schedule of Exemptions
Exemptions in fees as Specified in schedule-I
National Arbitral Tribunal (Procedural) Rules during the valid period of membership
|Sum in Dispute / Claim size||Exemption in Fees for Member Only. (In Each Case)|
|Up to INR. 100000||Minimum INR 11,000.00 or 50% of Fee, Whichever Is High|
|Above INR. 100,001.00 and up to INR. 300,000.00||Minimum INR 12,000.00 or 50% of Fee, Whichever Is High|
|Above INR. 300,001.00 and up to INR. 500,000.00||Minimum INR 17,000.00 or 50% of Fee, Whichever Is High|
|Above INR. 500,001.00 and up to INR. 2,000,000.00||Minimum INR 22,000.00 or 50% of Fee, Whichever Is High|
|Above INR. 2,000,001.00 and up to INR. 10,000,000.00||Minimum INR 45,000.00 or 40% of Fee, Whichever Is High|
|Above INR. 10,000,001.00 and up to INR. 100,000,000.00||Minimum INR 160,000.00 or 40% of Fee, Whichever Is High|
|Above INR. 100,000,001.00 and up to INR. 200,000,000.00||Minimum INR 450,000.00 or 30% of Fee, Whichever Is High|
|Above INR. 100,000,000,000.00||Minimum INR 700,000.00 or 30% of Fee, Whichever Is High|