law: The Actuaries Act, 2006
  19. Functions of
  
  Council. - 
  1. 
  
   The
  
  duty of carrying out the functions under the provisions of this Act shall be
  
  vested in the Council.
  2. 
  
   In
  
  particular and without prejudice to the generality of the foregoing power, the
  
  functions of the Council shall include-
  a.    the holding of
  
  examination of the candidates for enrolment and specifying fees there for; 
  b.    the specifying of
  
  qualifications for entry in the register;
  c.    the recognition of
  
  foreign qualifications and training for the purposes of enrolment;(d) the
  
  granting of or refusal to grant the certificate of practice under this Act;
  d.    the maintenance and
  
  publication of a register of persons qualified to practice as Actuaries;
  e.    the levy and
  
  collection of fees from members, students, examinees and other persons;
  f.    the removal of names
  
  from the register and the restoration to the register of names which have been
  
  removed;
  g.    the regulation and
  
  maintenance of the status and standard of professional qualifications of
  
  members of the Institute;
  h.    to issue guidelines
  
  for the observance of the members, including the student members;
  i.    to receive gifts,
  
  grants, donations or benefactions from the Central or State Governments and to
  
  receive bequests, donations and transfer of movable or immovable properties
  
  from testators, donors or transferors, as the case may be;
  j.    co-operating with
  
  educational or other institutions in any part of the world having objects
  
  wholly or partly similar to those of the Institute by exchange of members and
  
  generally in such manner as may be conducive to achievement of their common
  
  objects;
  k.    instituting and
  
  awarding fellowships, scholarships, prizes and medals; 
  l.    giving gifts, grants,
  
  donations or benefactions to other institutions or bodies having objects
  
  similar to those of the Institute;
  m.    the carrying out, by
  
  granting financial assistance to persons other than members of the Council, or
  
  in any other manner, of research in the actuarial science;
  n.    the maintenance of a
  
  library and publication of books, journals and periodicals relating to
  
  actuarial science;
  o.    the exercise of
  
  disciplinary powers conferred by this Act;
  p.    establishing such
  
  regional council or councils as may be decided from time to time and fixing
  
  their headquarters; and(r) doing all such things as may be necessary,
  
  incidental or conducive to the attainment of all or any of the objects of the
  
  Institute.