Time for Award

The arbitrator or the board of arbitrators shall give an award within the Registrar which shall not exceed 6 months failing which Registrar may, either on the request of the arbitrator or the board of arbitrators, as the case may be, extend the time which shall not exceed 6 months or may take action as provided under Sub- section (2) of Section 71: Provided that the arbitrator or the board of arbitrators so appointed shall give an award in maximum 6 months or the time fixed by the Registrar but it shall not be more than one year: Provided further that no award shall be invalid by reasons of its being given after expiry of the time fixed, if an application for extension has been made even subsequently and has been granted by the Registrar.