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The Actuaries Act, 2006

39. Companies not to engage in actuarial practice. -

1.  No company, whether incorporated in India or elsewhere, shall practice as Actuaries.

2.  Any company contravening the provisions of sub-section (1) shall be punishable on first conviction with fine which may extend to ten thousand rupees, and on any subsequent conviction with fine which may extend to twenty-five thousand rupees.

Actuaries Act, 2006 Back

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