jo afrgth th er_33004/99 _REGD.NO.D.L-3300499 Fiala Che Gazette of Gudia EXTRAORDINARY rT Haws 4 PART Ill—Seetion 4 after 2 verfir PUBLISHED BY AUTHORITY a si) * g feeett, aeeafeare, wret 17, 201171] 26, 1932 [NEW DELI, THURSDAY, MARCH 17, 2011/PHALGUNA 26, 1932 saree itera wear safergert pad, 25 wea, 2011 TH, HUT 18012/03/2008-atmr- Tn. —arfea fatter a are fares, at sen AGA, ST TI, wre 4, ate 31 yenk-6 seres, 2010 wt verfers fry Te ote tte attr Weare at siege -&.1H-19012/03/2008-ahen-I1 WR Ere RPE 9, SRT 15, 2010 sre er are Faye a fe eee 7, fae se wenn wt wt etree ft, se ate & feat se ore fel Fen ifigen weg f o, wor wh aeeran aem t e t erts feY era @ see t ieen aa fy @; ate arr 8 whe ony he aT Ter eH ERE | arn: 3m, sree re eae flee, Seer ae eel SETA S, ai sePrIR, 2006 (2006 335) AA sa 56 34a (2) WHE CH) re We ar ei wo Fearne Fae #, ar — 1, wen or tte ree 1) Fe ye ecg a et Cafe afta A are ‘Horaer) fafram, 2011 #1 (2) 29a a ser at mt Bh TE BHA | 2, afore, (1) 4 Fare, ore es igs @ ene sien 8h — om) * fier” sie, 2006 (2006 = 38) sift (a) “fea” 8 teary at ofeng sine; Ca) “ea” & safe eh ora 3 a are fe tra tiaras wer fini; (8) "sree" 2 wf ar arene ifria t; (2) Sr eet ake eel, ate fee ae fae eee et fara a eg seh a fee, re eet tel ah eh | 23, af, fier, eh a Pe a Tere Ba ee te cer aches wt wh oT feafafran at : weg a sitet ste rare wah ate fer sen et eT 4. after fle saftetor (1) sone arse) segues meer fee tof a fet ifort quem 94 G¥2011 ®‘THE GAZETTE OF INDIA : EXTRAORDINARY [Paxr Ill—Sec. 4] 2) Req a fae ster ae URE a ye ate S oT eR ae fea at fatter 9 Ae ary orgie we Ree A wr gern oT wT: RY gH wafehas a Ales Ae odes Wi oma a wf a ante g dara fea @ tee qarar aren | (3) sofafrert (2) 4 Afée ome oe Pare ora a, Sey iss UPI & ve fear uefa wt ote ae a fase sitter A ord a eh -: WY FH wore gary ay Paty sift A, RR Pisfoarm ay eeTa aft See vite & aftaer a ye (1) ofttert d wa aie erat oh Gea uReg S fie eee Ce eat ee Ls are OS oftrdert ot arte Soar Foy art fa ed Ah ore ote Oe qa orfteerst 4 eeraer fey ory ard wreare am fae siafe eT | (2) wReg Rete after S fr av fet after #, aie uReg ob a fers weer after 4 weft & at semen a oat & enkghl 4 aftia onan a fier we RAR Wy Ararat vhteg & wae ah gt qe we Og ef, Pere ae wa | (3) afeag & gary ay oifetert F flere ey ay fret ag oy uReg & fet Peet A fatten aah are ger reer mere ArT TET AH Ga AG a AT GT waedl @h al dh ag oft foreit wae after Har ae fer oT | 6. dem or seas. seat mT Seat aqURUA A oT ar ei aw orga frerrt weet FS Patter weer afta} sift a srexerar we | 7. tam a rome - (1) oRag } gar wee yw wer a wae weg S ae ® ferg weg ar Tet we | (2) ae steer & fer Prat are B om ce ao afte woe aa ah at aifderr 8 wre, atte afk ears & fey waft ay Rear TET Gt tow oT oe Pot we | (3) safafrar (2) & oni waft after & fer ats verge ora ae ehh | 8. sitter an eeT-(1) 4 Paw saad oS oni wa ee URES sift aT sre, sifttes ¥ gota weet B agra @ ka wa ate ws fy vd ae gna ee OG gees Uae ese roe emer er ate ord fret eaftta after ¥ ard fore ore | (2) fret omertia sitters of até qn ae aw ag A one ow ae one} fery iene ara Yen wg Pree a Rar oy | 9. GrRaR & ware at wf (1) vftaq er ard arrwa: ofteg @ oiffte ¥ fern org |(amr Irae 4] ne TTT: STATE (2) sofahrar (1) # ofaftee Reh ara B etd Ee, stem a See arqahAhy A sere wafea ane 4, fir oer & fates & fore ufteg & waeil wt er ea aero afta eared an oftarert wear war: wg aff uRee & uw dtr weer ae order aed & fe uftanfera ea aan fore woe or offers 4 fafreas fee org a aenfeafa set ar soem afar qing prvocat wea sever at ar a ae othe oAag w aifdery F eierey we wag | : (3) ei feat wet 8 Haft Warer weet A aRerferr fea one & ai W dae S aRerert a arta & are et are ime fer @ omer at aa ga me we aE Pree fog art yt aera Bt ore | wg we RAear Wh sala at wae @ yd fea on wen, aie acme veri unag & am & ae fin cheng weed a wer erates wt vet are et one 1 (@) wh ana arrawal aia doer or uae oReg } wh weed at a at waite d 8 a wate sre S ata sre err tor oT TeT | (6) vRarert ene uit ueder dares oRee a art wee wr etal fra ore site weg S arma aftaers 4 ae fen ore | to, after am fAPreaa ofg ab after a, freer sutra weet Baga a fern omen site wet & awae et at cen A We after SB steer aT aa fafa em | 11. ae & after or wrdge- (1) oReq @ sete oft or orga afta err aPifetter fra orem, atte afta ot orquhtet #, amiga ufteq & BY om weer are, ster sifttaert & orener ane faPieea fra are siftferfted fear ary | (2) % offaert ar ariga wart are orphfee fry ort ste sere after B steer arr areata fey ort S aearq afters at erdarftal er gata wea erm | em Tae, sereeta sire? [rare 11/4069-she 10/37]‘THE GAZETTE OF INDIA : EXTRAORDINARY [Paxr 1ll—Sec, 4) INSTITUTE OF ACTUARIES OF INDIA NOTIFICATION ‘Mumbai, the 25th February, 2011 ‘E.No, M-18012/03/2008-Ins.I11.—Whereas, the draft of certain regulations were published inthe Garete of india, in Part 1I-Sction 4 dated July 31 — August 6, 2010 and corrigendum dated October 9 ‘October, 15,2010 published vide No. M-19012/03/2008-Ins. III notification of Insitute of Actuaries of India, ‘Mumbai inviting objections and suggestions from all persons likely tobe affected thereby within a period of forty-five days from the date on which copies of the Gazette of India, in which the said notification was published, were made available tothe public; And, whereas, no objection and suggestions have been received from the public. Now, therefore, in exercise of the powers conferred by clause (h) of sub-section (2) of section 56 of the Actuaries Act, 2006 (35 of 2006), the Council of the Institute of Actuaries of India, with the previous approval of the Central Government, hereby makes the following regulations, namely ;- 1, Short title and commencement.- (1) These regulations may be called the Institute of Actuaries of India (Transaction of Business at meetings of council) Regulations, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. Definitions.- (1) In these regulations, unless the context otherwise requires, ~ (f) “Act” means the Actuaries Act, 2006 (35 of 2006); (g) "Council" means the Council of the Institute; (©) “Institute” means the Institute of Actuaries of India constituted under section 3 of the Act; (@) "President” means the President of the Council;(0m ere 4) Wa HUTT : TATE (2) Words and expressions used herein and not defined, but defined in the Act, shall have the meanings respectively assigned to them in the Act. 3. Meetings of council. The Council shall meet at least four times in every year at such time and place as the President may decide: Provided that the time gap between two meetings shall not exceed one hundred twenty days. 4. Special meeting of council.- (1) The President or in his absence the Vice- President may, at any time, call a special meeting of the Council. 2) special meeting of the Council may at any time be called at the request in writing addressed to the Secretary by not less than one-fourth of the members of the Council for the time being: Provided that a special meeting referred to in this sub-regulation shall be called within forty-five days of the date of the receipt of the such request. (3) The request referred to in sub-regulation (2) shall set out a statement of the business for consideration of which the special meeting is to be called and shall be the agenda of such special meeting: Provided that in a special meeting so called no business, other than those mentioned in the agenda shall be transacted. 5. Notice of meeting of Council. A notice of the time and place of a meeting shall be sent to the registered address of every member of the Council, either by post under certificate of posting or electronically, not less than seven days before the date of such meeting and such notice shall contain a statement of the business to be transacted at the meeting. (2) The Council may in any of its meeting, other than a special meeting, consider any business other than those mentioned in the agenda, with ‘the permission of the Chairman of which no prior notice had been given to the members of the Council, if at least two- third of the members of the Council are present at the meeting, (3) The validity of any decision of the Council on any item considered at a validly convened meeting of the Council shall not be called in question merely because notice of the said item had not been given to the members who did not attend the said meeting. 994 GIN -2‘THE GAZETTE OF INDIA : EXTRAORDINARY [Par tll—Sec, 4] 6. Chairman of meeting.- The President or in his absence, the Vice-President, or in absence of both, a member elected from amongst the members present, shall preside over the meeting of the Council, 7. Quorum at meeting. - (1) One-fourth of the total members of the Council shall constitute the quorum for a meeting of the Council. , (2) If, the quorum is not present within half an hour from the time appointed for the meeting, the meeting shall stand adjourned to such time, date and place as the ‘Chairman of the meeting may appoint. (3) No quorum shall be required for the meeting adjourned under sub-regulation (2) 8. Adjournment of meeting.- (1) Subject to the provisions of these regulations, the Chairman of a meeting of the Council, may, with the consent of majority of ‘members present at a meeting, adjourn the meeting from time to such time and place as he may decided and no business shall be transacted at any adjourned meeting other than the business left unfinished at such meeting. (3) No notice may be given of an adjourned meeting‘unless it is so directed by the resolution for adjournment. 9. Procedure for transaction of business. (1) The business of the Council shall ofdinarily be transacted at a meeting of the Council. (2) Notwithstanding anything contained in sub-regulation (1), the President, or in his absence the Vice-President, may, in an appropriate case, circulate a resolution along with all relevant papers to the members of the Council for decision of any question. Provided that if one-fourth of the members of Council require that any resolution circulated be decided at a meeting, the President, or the Vice-President, as the case may be, shall withdraw the resolution along with the relevant papers from circulation and have the resolution considered at a meeting of the Council. (3) Where the resolution relating to any question are circulated among the members, a Period of not less than fifteen days, commencing from the date of circulation of such resolution shall elapse before any decision is taken on the questionCo trae 4] 3 THT: Sree, office is received earlier, (4) The circulation of resolution along with all relevant Papers may be sent to members of the Council either in electronic mode or by Post under certificate of posting. () Every resolution passed by circulation shall be communicated to all the members of the Council and shall be noted at the next meeting of the Council 10. Decision in a meeting.-- Ata meeting ofthe Council, the decision shall be taken by a majority of votes of members present and in case of equality of votes, the Chairman of such meeting shall have a casting vote. 11. Minutes of Council Meetings.- (1) The minutes of every ‘meeting of the Council shall be recorded by the Secretary, and in the absence of the Secretary, the minutes Shall be recorded by such other member of the Council as may be decided by the Chairman of the meeting. @) The minutes of such meetings, after having been approved by the members and signed by the Chairman of the next meeting, shall be sufficient evidence of the proceedings of the meeting, GURURAJ NAYAK, Administrative Officer (ADVE. 1/4/6921) 0B)