The Actuaries Act `2006
An Act to provide for regulating and developing the profession of Actuaries and for matters connected therewith or incidental thereto.2006
List of Chapters & Sections
All sections
1Short title, extent and commencement2Definitions3Incorporation of Institute4Transfer of assets, liabilities, etc., of Actuarial Society5Objects of Institute6Entry of names in register7Associates and fellows8Honorary, affiliate and student members9Certificate of practice10Members to be known as Actuaries11Disqualifications12Composition of Council of Institute13Annual general meetings14Re-election to Council15Settlement of dispute regarding election16Establishment of Tribunal17President, Vice-President and Honorary Secretary18Resignation from membership and filling up to casual vacancies19Functions of Council20Staff, remuneration and allowances21Committees of Council22Finances of Council23Register24Removal of name from register25Re-entry in register26Disciplinary Committee27Appointment of Prosecution Director28Authority, Council, Disciplinary Committee and Prosecution Director to have powers of civil court29Action by Council on disciplinary Committee’s report30Member to be afforded opportunity of being heard31Professional or other misconduct defined32Constitution of Appellate Authority33Term of Office of Members of Authority34Allowances, conditions of service of Members and procedure, etc., of Authority35Officers and other staff of Authority36Appeal to Authority37Penalty for falsely claiming to be a member, etc38Penalty for using name of Institution, awarding degrees of actuarial science, etc39Companies not to engage in actuarial practice40Unqualified person not to sign documents41Offences by companies42Sanction to prosecute43Establishment of Quality Review Board44Functions of Board45Procedure of Board46Terms and conditions of Chairperson and Members of Board47Expenditure of Board48Dissolution of Actuarial Society of India49Provisions respecting employees of dissolved society50Maintenance of more than one offices by Actuary51Reciprocity52Power of Central Government to issue directions53Protection of action taken in good faith54Members, etc., to be public servants55Power of Central Government to make rules56Power to make regulations57Power of Central Government to issue directions for making or amending regulations58Laying of rules and regulations59Power to remove difficulties