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Our Bureau

New Delhi , Sept. 4

A new legislation on actuaries has come into force, with the President, Mr A.P.J. Abdul Kalam giving his assent to the Actuaries Bill 2006 passed by Parliament.

Under the Act, the Institute of Actuaries of India would be set up to regulate the profession of actuaries and also conduct examinations for the profession. The Actuarial Society of India would be dissolved and its assets and liabilities transferred to the proposed Institute of Actuaries of India.

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