law: The Actuaries Act, 2006
  Chapter VIII
  
  Dissolution of the Actuarial Society of India registered under the Societies
  
  Registration Act
  48. Dissolution of
  
  Actuarial Society of India. - 
  On the appointed
  
  day,-
  a. 
  
   the
  
  Society known as the Actuarial Society of India registered under the Societies
  
  Registration Act, 1860 and the Bombay Public Trusts Act, 1950 shall stand
  
  dissolved and thereafter no person shall make, assert or take any claims or
  
  demands or proceedings against the dissolved society or against any officer
  
  thereof in his capacity as such officer except in so far as may be necessary,
  
  for enforcing the provisions of this Act;
  b. 
  
   the
  
  right of every member to, or in respect of, the dissolved society shall be
  
  extinguished, and thereafter no member of the society shall make, assert or take
  
  any claims or demands or proceedings in respect of that society except as
  
  provided in this Act.