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