Actuaries Act 2006 with Rules – Bare Act with Section Notes By Taxmann’s Editorial Board

Actuaries Act 2006 with Rules [Bare Act with Section Notes] by Taxmann is an authoritative and updated statutory compilation governing the profession of actuaries in India. The Act provides the legal framework for the regulation, enrolment, professional conduct, and disciplinary oversight of actuaries, while establishing the Institute of Actuaries of India (IAI) as the statutory professional body. This 2026 Edition presents the complete, amended text of the Act along with the allied Rules, supplemented by concise, section-wise notes that clarify legislative intent, define key concepts, and assist readers in understanding the practical operation of the law. Designed for precision and ease of reference, the book bridges the gap between statutory language and professional application, making it a reliable desk reference for compliance, practice, and academic study.

This book is intended for the following audience:

• Actuaries & Actuarial Professionals – For understanding statutory rights, duties, ethical obligations, and regulatory requirements governing professional practice
• Members, Students & Associates of the Institute of Actuaries of India (IAI) – As a foundational reference for enrolment, professional standards, and disciplinary provisions
• Regulators, Government Authorities & Policy Makers – For administering, interpreting, and enforcing the Act and Rules
• Legal Practitioners & Corporate Legal Departments – For advisory, compliance, and litigation matters involving actuarial regulation and professional discipline
• Academics & Students – For structured study of professional regulation, corporate governance, and regulatory law in India

The Present Publication is the 2026 Edition, covering the amended and updated text of the Actuaries Act [Act No. 35 of 2006] and Rules, with the following noteworthy features:

• [Comprehensive Bare Act] Incorporates the full, updated text of the Actuaries Act 2006, with clear formatting and statutory footnotes
• [Up-to-date & Practical] Reflects all amendments, new rules, and regulatory changes notified up to date, including IRDAI’s 2024 actuarial and finance regulations relevant for actuaries and insurers
• [Pre-amendment Provisions] Incorporates the text of provisions as they existed prior to the amendment in the respective amendment footnotes, enabling the reader to understand the legal position before the amendment and its applicability during the pre-amendment period
• [Section Notes] Detailed section-wise notes for interpretation, compliance, and practical application—highlighting definitions, duties, procedures, and regulatory implications
• [Latest Allied Rules & Regulations] Includes allied rules and regulations notified up to date:
  • Actuaries (Election to the Council) Rules 2021
  • Institute of Actuaries of India (Transaction of Business at Meetings of Council) Regulations 2011
  • Institute of Actuaries of India (Maintenance of Register, Publication of List and Re-entry of Names in Register of Members) Regulations 2011
  • Actuaries (Procedure for Inquiry of Professional and Other Misconduct) Rules 2008
  • Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations 2024
• [User-oriented Design] Subject index, detailed table of contents, and practical forms for regulatory procedures
• [Essential for Professional Compliance] Meets the needs of practising actuaries and regulated entities facing IRDAI compliance and disciplinary requirements
• [Practical Utility] Includes all statutory forms, templates, and compliance checklists for immediate operational use

The structure of the book is as follows:

• Logical, Statute-based Division – Each chapter of the Act is presented sequentially, followed by allied rules and regulations
• Section-wise Annotation – Every significant provision is paired with practical notes, interpretative comments, and application highlights
• Comprehensive Contents & Index – Enables efficient navigation through legal text, procedures, and regulatory forms
• Incorporation of All Major Rules – Each rule and regulation is presented with its detailed table of contents and forms for ease of use in practice
• Subject Index – An extensive, alphabetically arranged index for quick location of provisions, definitions, and topics