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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.

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