Lawgist8Honorary, affiliate and student members
(1) The Council may choose, in such manner as may be specified, any person of eminence in matters relating to and of interest to the profession of Actuary as an honorary member of the Institute provided that he is not practicing as an Actuary.
(2) Any person, who is a fellow member, or is a holder of membership considered equivalent to the fellow membership of the Institute, of any other institution similar to the Institute, whether within or outside India, may be admitted as an affiliate member for such period, and on such terms and conditions as may be specified.
(3) Any person who enrolls himself for examination of the Institute, and possesses such academic qualifications as may be specified, may be admitted as a student member of the Institute on such terms and conditions as may be specified.
(4) An honorary member or an affiliate member or a student member shall have no right to vote on any matter or resolution in any meeting of the Institute.
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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
