Lawgist18Resignation from membership and filling up to casual vacancies
(1) Any member of the Council may at any time resign his membership by writing under his hand addressed to the President, and the seat of such member shall become vacant when such resignation is accepted and notified by the Council.
(2) A member of the Council, other than a member nominated under clause (b) of sub-section (2) of section 12 shall be deemed to have vacated his seat if he is declared by the Council to have been absent without sufficient reason from three consecutive meetings of the Council, or of any of the Committees constituted by the Council, and of which he is a member or he has been found guilty of any professional or other misconduct and awarded penalty of fine or if his name is, for any cause, removed from the register under the provisions of sections 24 and 30.
(3) A casual vacancy in the office of a member of the Council shall be filled by fresh election or by nomination by the Central Government, as the case may be, and the person elected or nominated to fill the vacancy shall hold office only for the remainder of the term for which the member in whose place he was elected or nominated would have held that office:
Provided that no election shall be held to fill a casual vacancy occurring within one year prior to the date of the expiration of the term of such member.
(4) No act done by the Council shall be called in question on the ground merely of the existence of any vacancy in, or defect in the constitution of the Council.
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- 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 dispute regarding election
- 16 Establishment of Tribunal
- 17 President, Vice-President and Honorary Secretary
- 18 Resignation from membership and filling up to 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 Chairperson 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
