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ACTUARIES ACT, 2006

ACTUARIES ACT, 2006

 

CONTENTS

Sections

Particulars

      
1 Short Title, Extent and Commencement
2 Definitions
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
23 Register.
24 Removal of name from Register.
25 Re-entry in register.
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.
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.
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..
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.
48 Dissolution of Actuarial Society of India.
49 Provisions respecting employees of dissolved society.
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.
58 Laying of rules and regulations
59 Power to remove difficulties.
Sch. Professional misconduct see section 31(part I)

 

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