In exercise of the powers conferred by sub-section (1) of Section 43 of the Actuaries Act, 2006 (35 of 2006), the Central Government, hereby, constitutes a Quality Review Board, consisting of the following persons, namely:—
Chairperson
G. C. Chaturvedi
Nominated by the Central Government
Nominated by the Central Government
-
P. A. Balasubramanian
-
K. K. Mishra
Nominated by Council
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Rajesh Dalmia
-
Hema Malini Ramakrishnan
Functions
- to fix standards for the services provided by the members of the Institute;
- to review the quality of services provided by the members of the Institute including actuarial audit services; and
- to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.
Mentioned posts are part-time in nature and tenure of the Chairperson and members shall be three years from the date of assumption of charge, or until further orders, whichever is earlier. The procedure of the meetings of the Quality Review Board and terms and conditions of service of the Chairperson and the Members of the said Board and their remuneration and allowances shall be as per the Actuaries Quality Review Board (Procedure for Meetings and the Terms and Conditions of Service and Allowances of the Chairperson and Members) Rules, 2008.
