| SECTIONS |
Actuaries
Act, 2006 |
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Preamble |
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CHAPTER I: Preliminary |
| 1. |
Short
title, extent and commencement |
| 2. |
Definitions |
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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 |
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CHAPTER III: Register of Members |
| 23. |
Register |
| 24. |
Removal
of name from Register |
| 25. |
Re-entry
in register |
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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 |
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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 |
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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 |
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CHAPTER VII: Quality Review Board |
| 43. |
Establishment
of Quality Review Board |
| 44. |
Functions
of Board |
| 45. |
Procedure
of Board |
| 46. |
Terms
and conditions of Chairperson and Members of Board |
| 47. |
Expenditure
of Board |
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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 |
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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 |
| 58. |
Laying
of rules and regulations |
| 59. |
Power
to remove difficulties |
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SCHEDULE |
