The Actuaries Act, 2006Central laws2006
The Actuaries Act, 2006
An Act to provide for regulating and developing the profession of Actuaries and for matters connected therewith or incidental thereto.
Act No. 35 of 2006 · Ministry of Finance
- Sections
- 59
- Chapters
- 9
- Classified offences
- 3
Contents
IPreliminary§ 1–22 sections
IIInstitute of Actuaries of India§ 3–2220 sections
- 3Incorporation of Institute.
- 4Transfer of assets, liabilities, etc., of Actuarial Society.
- 5Objects of Institute.
- 6Entry of names in register.
- 7Associates and fellows.
- 8Honorary, affiliate and student members.
- 9Certificate of practice.
- 10Members to be known as Actuaries.
- 11Disqualifications.
- 12Composition of Council of Institute.
- 13Annual general meetings.
- 14Re-election to Council.
- 15Settlement of dispute regarding election.
- 16Establishment of Tribunal.
- 17President, Vice-President and Honorary Secretary.
- 18Resignation from membership and filling up to casual vacancies.
- 19Functions of Council.
- 20Staff, remuneration and allowances.
- 21Committees of Council.
- 22Finances of Council.
IIIRegister of Members§ 23–253 sections
IVMisconduct§ 26–316 sections
- 26Disciplinary Committee.
- 27Appointment of Prosecution Director.
- 28Authority, Council, Disciplinary Committee and Prosecution Director to have powers of civil court.
- 29Action by Council on disciplinary Committee?s report.
- 30Member to be afforded opportunity of being heard.
- 31Professional or other misconduct defined.
VIPenalties§ 37–426 sections
VIIIDissolution of the Actuarial Society of India Registered Under the Societies Registration Act§ 48–492 sections
IXMiscellaneous§ 50–5910 sections
- 50Maintenance of more than one offices by Actuary.
- 51Reciprocity.
- 52Power of Central Government to issue directions.
- 53Protection of action taken in good faith.
- 54Members, etc., to be public servants.
- 55Power of Central Government to make rules.
- 56Power to make regulations.
- 57Power of Central Government to issue directions for making or amending regulations.
- 58Laying of rules and regulations.
- 59Power to remove difficulties.