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With reference to the International Institute for the Unification of Private Law (UNIDROIT), consider the following statements:
1. It is an independent intergovernmental Organisation.
2. It is financed by annual contributions from its Member States.
3. India is a founding member of this organization.
How many of the statements given above are correct?
- a)Only one
- b)Only two
- c)All three
- d)None
Correct answer is option 'B'. Can you explain this answer?
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With reference to the International Institute for the Unification of P...
Recently, India’s Uma Sekhar was elected to the governing council of the Rome-based International Institute for the Unification of Private Law (UNIDROIT) with in the first round at the elections held in Rome.
- It is an independent intergovernmental Organisation.
- It was set up in 1926 as an auxiliary organ of the League of Nations, following the demise of the League it was re-established in 1940 on the basis of a multilateral agreement, the UNIDROIT Statute.
- Members: It consists of 65 Member States are drawn from the five continents and represent a variety of different legal, economic and political systems as well as different cultural backgrounds.
- Funding: The Institute is financed by annual contributions from its Member States which are fixed by the General Assembly.
- Structure
- It has an essentially three-tiered structure, made up of a Secretariat, a Governing Council and a General Assembly.
- The Secretariat is the executive organ of UNIDROIT responsible carrying out its Work Programme from day to day.
- It is headed by a Secretary-General appointed by the Governing Council on the nomination of the President of the Institute.
- The Secretary-General is assisted by a team of international civil servants and supporting staff.
- The Governing Council supervises all policy aspects.
- The General Assembly is the ultimate decision-making organ of UNIDROIT.
- Languages: The official languages are English, French, German, Italian and Spanish; its working languages are English and French.
- India is a member of this organization since 1950.
Hence only statement 1 and 2 are correct.
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With reference to the International Institute for the Unification of Private Law (UNIDROIT), consider the following statements:1. It is an independent intergovernmental Organisation.2. It is financed by annual contributions from its Member States.3. India is a founding member of this organization.How many of the statements given above are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?
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