law: The Actuaries Act, 2006
  39. Companies not to
  
  engage in actuarial practice. - 
  1. 
  
   No
  
  company, whether incorporated in India or elsewhere, shall practice as
  
  Actuaries.
  2. 
  
   Any
  
  company contravening the provisions of sub-section (1) shall be punishable on
  
  first conviction with fine which may extend to ten thousand rupees, and on any
  
  subsequent conviction with fine which may extend to twenty-five thousand
  
  rupees.