law: The Actuaries Act, 2006
  Chapter II Institute
  
  of Actuaries of India
  3. Incorporation of
  
  Institute - 
  1. 
  
   With
  
  effect from such date as the Central Government may, by notification in the
  
  Official Gazette, appoint, all persons whose names are entered in the register
  
  of the Actuarial Society at the commencement of this Act and all persons who
  
  may thereafter have their names entered in the register to be maintained under
  
  this Act, so long as they continue to have their names borne on the register,
  
  are hereby constituted a body corporate by the name of the Institute of
  
  Actuaries of India and all such persons shall be known as members of the
  
  Institute.
  2. 
  
   The
  
  Institute shall have perpetual succession and a common seal and shall have
  
  power to acquire, hold and dispose of property, both movable and immovable, and
  
  shall by its name sue or be sued.
  3. 
  
   The
  
  head office of the Institute shall be situated at such place as may be decided
  
  by the Central Government.