56Power to make regulations
(1) The Council may, with the previous approval of the Central Government and subject to the previous publication, by notification in the Official Gazette, make regulations to carry out the provisions of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:--
(a) the examination and training for the purposes of clauses (b), (c) and (d) of sub-section (1) of section 6;
(b) the manner of making an application under sub-section (3) of section 6;
(c) the fees payable under sub-section (3) of section 6, sub-section (2) of section 9, clause (a) of sub-section (2) of section 19, sub-section (4) of section 23;
(d) the manner in which the honorary member may be chosen under sub-section (1) of section 8;
(e) the terms and conditions on which an affiliate member may be admitted under sub-section (2) of section 8;
(f) the academic qualifications for admission of a student member under sub-section (3) of section 8;
(g) qualifications required for a certificate of practice under sub-section (1) and the form in which an application may be made under sub-section (2) of section 9;
(h) the transaction of business by the Council for the discharge of its functions mentioned in subsection (2) of section 19;
(i) terms and conditions of the services under sub-section (1) of section 20;
(j) the functions and conditions of the committees under sub-section (3) of section 21;
(k) the manner in which the register of the members of the Institute and other particulars to be maintained under sub-sections (1) and (2) of section 23;
(l) the manner in which the annual list of members of the Institute may be published under subsection (3) of section 23;
(m) the conditions and requirements and payment of fee for re-entry in the register under section 25;
(n) salaries and allowances and conditions of service of the officers and other staff members of the Authority under sub-section (2) of section 35;
(o) the conditions subject to which foreign qualifications may be recognised under sub-section (2) of section 51; and
(p) any other matter which is required to be, or may be, prescribed under this Act.
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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