The Arbitration and Conciliation Act, 1996
76. Termination of
conciliation proceedings.
The conciliation
proceedings shall be terminated-
a.
by
the signing of the settlement agreement by the parties, on the date of the
agreement; or
b.
by
a written declaration of the conciliator, after consultation with the parties,
to the effect that further efforts at conciliation are no longer justified, on
the date of the declaration; or
c.
by
a written declaration of the parties addressed to the conciliator to the effect
that the conciliation proceedings are terminated, on the date of the
declaration; or
d.
by
a written declaration of a party to the other party and the conciliator, if
appointed, to the effect that the conciliation proceedings am terminated, on
the date of the declaration.