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Page 1 of 22
THE SOCIETIES REGISTRATION ACT. 1860
(ACT. XXI OF 1869)MEMORANDUM OF ASSOCIATIONANDRULESOFActuarial Society of Bangladesh
ASB
 
 
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The Societies Registration Act. 1860(Act. XXI of 1869)Memorandum of Associationof 
Actuarial Society of Bangladesh
I.
The name of the Society is
Actuarial Society of Bangladesh ( ASB ).
 
II. For the time being t
he Registration Office of the Society shall be situated at House #259, Road #4, Mohammadia Housing Society, Mohammadpur, Dhaka-1207,Bangladesh..
Area of Operation
(1)
The area of operation of the Society shall be all over Bangladesh
.
Nature of the society
 (2)
It is a Non-profitable, Non-Political, Charitable and voluntary Society
.
Objectives of the Society
 
III.
The objectives for which the Society is established one all or any of the following.
“ All the objectives will be implemented after obtaining necessary permission
from the Government or concerned authority or competent authority and theobjects contrary of the provision of Section 20 of the Act 1860 shall be treated as
ineffective.”
 (
a) To promote and maintain high standards of competence and conduct within theactuarial profession in Bangladesh and to be guided by the Professional Code of Conduct.(b) To promote the standing of the actuarial profession in Bangladesh, and raisethe public esteem of the profession.(c) To provide a source of reference on actuarial matters for the Government of 
Peoples’ Republic of Bangladesh, Regulatory authorities, and other interested
bodies.
 
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(d) To take such action as a Society as may be agreed upon at a General Meetingof the Society in respect of any matter that is relevant to the actuarial profession.(e) To promote the study and discussion of research into and the publication of matters relating to:-(i) the application of actuarial, economic, financial and statistical principles topractical problems,(ii) the actuarial, economic and allied aspects of insurance, employee retirementbenefits, Social Security, finance and investment and any other areas of application where actuarial principles are applicable, with particular reference toBangladesh(f) To assist students in the course of their actuarial studies and to provide andpromote Continuing Professional Development (CPD) programmes for themembers of the Society so as to enable them to update themselves.(g) To foster and encourage social and familiar relationships amongst actuarieswithin Bangladesh and internationally.
INCOME
IV.
 
The income and property of the Society whatsoever derived shall be appliedsolely towards the promotion of the objectives and the purposes of the societyas set forth in this Memorandum of Association and no portion thereof shall bepaid or transferred directly or indirectly by way of dividends, bonus,honorarium, salary sitting allowance to the directors of the society forattending committee meeting or pocket money whatsoever to any members of the Society.
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