ASI committee to chart road map for the statutory institute
18 September 2006
The committee under the chairmanship of R Ramakrishan, former executive director, Life Insurance Corporation of India (LIC) and former president of ASI will recommend the rules and regulations to be laid down for the efficient functioning of the proposed institute.
Says Dr R Kannan, president, ASI, "The committee will go into the various aspects of the bill and submit its report by this December." While the rules for the bill have to be drafted by the government, the ASI will have to draw out the regulations.
the Act, the Institute of Actuaries of India will be
set up to conduct examinations for the profession of
actuaries to regulate the profession. The institute
would look into professional misconduct and create necessary
facilities for the growth and training
of the members of the profession. As a result, the ASI
would be dissolved and its assets and liabilities transferred
to the proposed institute.