Section 55 in The Actuaries Act, 2006

Title: Power of Central Government to make rules

Description: (1) The Central Government may, by notification, make rules to carry out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:-- (a) the manner of election and nomination in respect of members to the Council under sub-section (2) of section 12; (b) the terms and conditions of service of the Presiding Officers and Members of the Tribunal, place of meeting, remuneration and allowances to be paid to them under sub-section (3) of section 16; (c) the procedure of inquiry and submission of report by the Disciplinary Committee under subsection (2) of section 26; (d) the procedure of inquiry by the Prosecution Director under sub-section (2) of section 27; (e) any act or omission which may be determined as professional misconduct under section 31; (f) the procedure to be followed by the Board in its meetings and discharging its functions under section 45; and (g) terms and conditions of service of the Chairman and Members of the Board under section 46.

Title: Power to make regulations

Description: (1) The Council may, with the previous approval of the Central Government and subject to the previous publication, by notification in the Official Gazette, make regulations to carry out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:-- (a) the examination and training for the purposes of clauses (b), (c) and (d) of sub-section (1) of section 6; (b) the manner of making an application under sub-section (3) of section 6; (c) the fees payable under sub-section (3) of section 6, sub-section (2) of section 9, clause (a) of sub-section (2) of section 19, sub-section (4) of section 23; (d) the manner in which the honorary member may be chosen under sub-section (1) of section 8; (e) the terms and conditions on which an affiliate member may be admitted under sub-section (2) of section 8; (f) the academic qualifications for admission of a student member under sub-section (3) of section 8; (g) qualifications required for a certificate of practice under sub-section (1) and the form in which an application may be made under sub-section (2) of section 9; (h) the transaction of business by the Council for the discharge of its functions mentioned in subsection (2) of section 19; (i) terms and conditions of the services under sub-section (1) of section 20; (j) the functions and conditions of the committees under sub-section (3) of section 21; (k) the manner in which the register of the members of the Institute and other particulars to be maintained under sub-sections (1) and (2) of section 23; (l) the manner in which the annual list of members of the Institute may be published under subsection (3) of section 23; (m) the conditions and requirements and payment of fee for re-entry in the register under section 25; (n) salaries and allowances and conditions of service of the officers and other staff members of the Authority under sub-section (2) of section 35; (o) the conditions subject to which foreign qualifications may be recognised under sub-section (2) of section 51; and (p) any other matter which is required to be, or may be, prescribed under this Act.

Title: Power of Central Government to issue directions for making or amending regulations

Description: (1) Where the Central Government considers it expedient so to do, it may, by order in writing, direct the Council to make any regulations or to amend or revoke any regulations already made within such period as it may specify in this behalf. (2) If the Council fails or neglects to comply with such order within the specified period, the Central Government may itself make the regulations or amend or revoke the regulations made by the Council.

Title: Laying of rules and regulations

Description: Every rule and every regulation made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or regulation or both Houses agree that the rule or regulation should not be made, the rule or regulation shall, thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule or regulation.

Title: Power to remove difficulties

Description: (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act, as may appear to be necessary for removing the difficulty: Provided that no such order shall be made under this section after the expiry of a period of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.