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.