law: The Actuaries Act, 2006
  Chapter VI Penalties
  37. Penalty for
  
  falsely claiming to be a member, etc. - 
  Subject to the
  
  provisions of section 10, any person who,-
  a. 
  
   not
  
  being a member of the Institute,-
   
  
  i. 
  
   represents
  
  that he is a member of the Institute in any of the manners mentioned in section
  
  7; or
   
  
  ii. 
  
   uses
  
  the designation "Actuary"; or
   
  
  iii. 
  
   uses
  
  the letters "AIAI" or "FIAI" after his name; or
   
  
  iv. 
  
   practises
  
  the profession of an Actuary; or 
  a. 
  
    
  b. 
  
   being
  
  a member of the Institute, but not having a certificate of practice, represents
  
  that he is in practice, or practises as an Actuary, shall be punishable on
  
  first conviction with fine which may extend to one lakh rupees, and on any
  
  subsequent conviction with imprisonment which may extend to one year, or with
  
  fine which may extend to two lakh rupees, or with both.