The Actuaries Act, 2006
Chapter VIII
Dissolution of the Actuarial Society of India registered under the Societies
Registration Act
48. Dissolution of
Actuarial Society of India. -
On the appointed
day,-
a.
the
Society known as the Actuarial Society of India registered under the Societies
Registration Act, 1860 and the Bombay Public Trusts Act, 1950 shall stand
dissolved and thereafter no person shall make, assert or take any claims or
demands or proceedings against the dissolved society or against any officer
thereof in his capacity as such officer except in so far as may be necessary,
for enforcing the provisions of this Act;
b.
the
right of every member to, or in respect of, the dissolved society shall be
extinguished, and thereafter no member of the society shall make, assert or take
any claims or demands or proceedings in respect of that society except as
provided in this Act.