law: The Actuaries Act, 2006
  6. Entry of names in
  
  register. - 
  1. 
  
   Any
  
  of the following persons shall be entitled to have his name entered in the
  
  register, namely:-
  a.    any person who
  
  immediately before the appointed day was an associate or a fellow (including an
  
  honorary fellow) of the Actuarial Society; 
  b.    any person who has
  
  passed the examination conducted by the Actuarial Society and has completed
  
  training either as specified by the said Society or as specified by the
  
  Council, except any such person who is not a permanent resident of India;
  c.    any person who has
  
  passed such examination and completed such training, as may be specified for
  
  membership of the Institute;
  d.    any person who has
  
  passed such other examination and completed such other training outside India
  
  as is specified as being equivalent to the examination and training specified
  
  under this Act for membership of the Institute: Provided that in the case of
  
  any person belonging to any of the classes mentioned in this sub-section who is
  
  not permanently residing in India, the Central Government or the Council may
  
  impose such further conditions as it may deem necessary or expedient in the
  
  public interest.
  1. 
  
    
  2. 
  
   Every
  
  person mentioned in clause (a) of sub-section (1) may have his name entered in
  
  the register without the payment of any entrance fee.
  3. 
  
  
  
   Every
  
  person belonging to any of the classes mentioned in clauses (b), (c) and (d) of
  
  sub-section (1) shall have his name entered in the register on an application
  
  being made and granted in the specified manner and on payment of such fees, as
  
  may be specified.
  4. 
  
   The
  
  Council shall take such steps as may be necessary for the purpose of having the
  
  names of all persons belonging to the class mentioned in clause (a) of
  
  sub-section (1) entered in the register before the appointed day.
  5. 
  
   Notwithstanding
  
  anything contained in this section, the Council may confer on any person
  
  honorary fellow membership, if the Council is of the opinion that such person
  
  has made a significant contribution to the profession of Actuary and thereupon
  
  the Council shall enter the name of such person in the register but such person
  
  shall not have any voting rights in any election or meetings of the Institute
  
  and shall not also be required to pay any fee to the Institute.