Section 39
Companies not to engage in actuarial practice.
About this Act
An Act to provide for regulating and developing the profession of Actuaries and for matters connected therewith or incidental thereto.
(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.
(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.