| SECTIONS | Actuaries Act, 2006 |
| | |
| | Preamble |
| | |
| | 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 Chairperson 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 |
| 58. | Laying of rules and regulations |
| 59. | Power to remove difficulties |
| | |
| | SCHEDULE |
