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Section37
The Actuaries Act, 2006

Penalty for falsely claiming to be a member, etc

In force From 10 Nov 2006 Act 35 of 2006 As on 19 Oct 2026

Act 35 of 2006 Ministry Finance Enacted 27 Aug 2006 In force 10 Nov 2006

Section 37 of the Actuaries Act, 2006 deals with penalty for falsely claiming to be a member, etc. Subject to the provisions of section 10, any person who,-- (a) not being a member of the Institute,-- (i) represents that he is a member of the Institute in any of the manners mentioned in section 7; The Act came into force on 10 Nov 2006.

Subject to the provisions of section 10, any person who,--

(a) not being a member of the Institute,--

(i) represents that he is a member of the Institute in any of the manners mentioned in section 7; or

(ii) uses the designation "Actuary"; or

(iii) uses the letters "AIAI" or "FIAI" after his name; or

(iv) practises the profession of an Actuary; or

(b) being a member of the Institute, but not having a certificate of practice, represents that he is in practice, or practises as an Actuary,

shall be punishable on first conviction with fine which may extend to one lakh rupees, and on any subsequent conviction with imprisonment which may extend to one year, or with fine which may extend to two lakh rupees, or with both.

Section 37, The Actuaries Act, 2006 (Act 35 of 2006).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 7 Associates and fellows
  2. s. 10 Members to be known as Actuaries

Questions about Section 37

What does Section 37 of the Actuaries Act deal with?

Section 37 of the Actuaries Act is headed "Penalty for falsely claiming to be a member, etc". Subject to the provisions of section 10, any person who,-- (a) not being a member of the Institute,-- (i) represents that he is a member of the Institute in any of the manners mentioned in section 7;

How do I find court cases under Section 37 of the Actuaries Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Actuaries Act 2006 37, section 37 Actuaries Act 2006, section 37 of the Actuaries Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 37 of the Actuaries Act, and has it changed?

Its own text turns on section 7 (Associates and fellows), section 10 (Members to be known as Actuaries), so none of them can safely be read on its own.

When did Section 37 of the Actuaries Act come into force?

Section 37 of the Actuaries Act, cited as Actuaries Act 2006 37, came into force on 10 Nov 2006, having been enacted on 27 Aug 2006. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 19 Oct 2026. This page is not a substitute for legal advice.