Actuaries Act : Companies not to engage in actuarial practice. Indian Bare Acts :

Actuaries Act,2006

Act No : 35

Section : Companies not to engage in actuarial practice.

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.