Email Address
Password
Forgot Password?
......................................................................................................................... Contents The Actuaries Act, 2006 Chapter I - Preliminary 1. Short title, extent and commencement 2. Definitions Chapter II - Institute of Actuaries of India 3. Incorporation of Institute 4. Transfer of assets, liabilities, etc., of Actuarial Society 5. Objects of Institute 6. Entry of names in register 7. Associates and fellows 8. Honorary, affiliate and student members 9. Certificate of practice 10. Members to be known as Actuaries 11. Disqualifications 12. Composition of Council of Institute 13. Annual general meetings 14. Re-election to Council 15. Settlement of disputes regarding election 16. Establishment of Tribunal 17. President, Vice-President and Honorary Secretary 18. Resignation from membership and filling up of casual vacancies . 19. Functions of Council 20. Staff, remuneration and allowances 21. Committees of Council 22. Finances of Council Chapter III - Register of Members 23. Register 24. Removal of name from Register 25. Re-entry in register Chapter IV - Misconduct 26. Disciplinary Committee 27. Appointment of Prosecution Director 28. Authority, Council, Disciplinary Committee and Prosecution Director to have powers of civil court 29. Action by Council on Disciplinary Committee's report 30. Member to be afforded opportunity of being heard 31. Professional or other misconduct defined Chapter V - Appeals 32. Constitution of Appellate Authority 33. Term of office of Members of Authority 34. Allowances, conditions of service of members and procedure etc., of Authority 35. Officers and other staff of Authority 36. Appeal to Authority Chapter VI - Penalties 37. Penalty for falsely claiming to be a member, etc. 38. Penalty for using name of Institution, awarding degrees of actuarial science, etc. 39. Companies not to engage in actuarial practice 40. Unqualified person not to sign documents 41. Offences by companies 42. Sanction to prosecute Chapter VII - Quality Review Board 43. Establishment of Quality Review Board 44. Functions of Board 45. Procedure of Board 46. Terms and conditions of Chairman and Members of Board 47. Expenditure of Board Chapter VIII - Dissolution of the Actuarial Society of India Registered Under the Societies Registration Act 48. Dissolution of Actuarial Society of India 49. Provisions respecting employees of dissolved society Chapter IX - Miscellaneous 50. Maintenance of more than one offices by Actuary 51. Reciprocity 52. Power of Central Government to issue directions 53. Protection of action taken in good faith 54. Members, etc., to be public servants 55. Power of Central Government to make rules 56. Power to make regulations 57. Power of Central Government to issue directions for making or amending regulations Contents Sections 58. Laying of rules and regulations 59. Power to remove difficulties The Schedule Relevant Provisions of Statutes Referred • The Companies Act, 1956 • The Securities Contract (Regulation) Act, 1956 • The Chartered Accountants Act, 1949 • The Indian Penal Code .........................................................................................................................
