Section 40
Unqualified person not to sign documents.
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 person other than a fellow member of the
Institute shall sign any document on behalf of an Actuary in practice or a firm of such Actuaries in his or
its professional capacity.
(2) Any person contravening the provisions of sub-section (1) shall, without prejudice to any other proceedings which may be taken against him, be punishable on first conviction with fine which may extend to fifty thousand rupees, and on any subsequent conviction with imprisonment which may extend to one year, or with fine which may extend to one lakh rupees, or with both.
(2) Any person contravening the provisions of sub-section (1) shall, without prejudice to any other proceedings which may be taken against him, be punishable on first conviction with fine which may extend to fifty thousand rupees, and on any subsequent conviction with imprisonment which may extend to one year, or with fine which may extend to one lakh rupees, or with both.