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Date: 2019-11-25 Category: Extra Ordinary State: Union Government Country: India

Whereas the draft of certain regulations namely the Institute of Actuaries of India

Issued by Institute of Actuaries of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This notification announces amendments to the Institute of Actuaries of India Transaction of Business at Meetings of Council Regulations, 2011. These amendments, approved by the Central Government, incorporate provisions for conducting council meetings via video conferencing. The regulations come into force on the date of publication in the Official Gazette, following a period of public consultation where no objections were raised. Key Points / Main Content: Amendments to Regulations: * The Institute of Actuaries of India Transaction of Business at Meetings of Council Regulations, 2011 are amended. Video Conferencing: * A new clause defines "Video Conferencing" as audiovisual electronic communication enabling remote participation in meetings. * Council members can participate in meetings in person or via video conferencing, with recording capabilities. * The council can specify matters not to be dealt with via video conferencing. Meeting Procedures: * Meeting notices must be sent at least seven days in advance, including details on video conferencing availability. * Video conferencing participants are counted towards the quorum, which is one-fourth of the total council members. Responsibilities: * The President, Chairman, and Secretary are responsible for ensuring the integrity of video conferencing meetings, proper equipment, and participant authentication. * They must address interruptions or garbled statements during video conferences. Impact Analysis: Council Members: Impact: Council members now have the option to participate in meetings remotely via video conferencing. Action Required: Familiarize themselves with the video conferencing procedures and equipment requirements and ensure they have the necessary technology to participate effectively. President, Chairman, and Secretary: Impact: Increased responsibility for ensuring the integrity and smooth functioning of meetings conducted via video conferencing. Action Required: Ensure proper video conferencing equipment is available, authenticate participants, and address any communication issues during the meetings. Institute of Actuaries of India: Impact: Modernization of meeting procedures and broader participation through video conferencing. Action Required: Update internal guidelines and procedures to reflect the new regulations.

Key Entities Referenced

Institute of Actuaries of India: An organization that is the subject of the regulations being amended. Actuaries Act, 2006: The Act of Parliament that confers powers to the Institute of Actuaries of India to make regulations. Central Government: The government whose approval is required for regulations made by the Institute of Actuaries of India. Mumbai, Maharashtra: City where the Institute of Actuaries of India is located; mentioned in the notification's header. Gazette of India: The official government gazette where the regulations and amendments are published. Institute of Actuaries of India Transaction of Business at Meetings of Council Regulations, 2011: The principal regulations that are being amended by this notification. Institute of Actuaries of India Transaction of Business at Meetings of Council Amendment Regulations, 2019: The new regulations being introduced as an amendment. DINESH CHANDRA KHANSILI: Executive Director who signs the notification.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 420] ubZ fnYyh] lkseokj] uoEcj 25] 2019@vxzgk;.k 4] 1941 No. 420] NEW DELHI, MONDAY, NOVEMBER 25, 2019/AGRAHAYANA 4, 1941 ििििवववव(cid:3)(cid:3)(cid:3)(cid:3)तत तत मममम(cid:8)(cid:8)ंं(cid:8)(cid:8)ंं ााााललललयययय ((((भभभभााााररररततततीीीीयययय बबबबीीीीममममााााककंंककंं कककक सससस(cid:5)(cid:5)ंं(cid:5)(cid:5)ंं थथ थथ ाााानननन)))) अअअअििििधधधधससससचचूूचचूू ननननाााा मुंबई, 22 नव(cid:3) बर, 2019 फफफफाााा....सससस..ंं..ंं एएएएमममम----11118888000011113333////00001111////2222000011117777----बबबबीीीीममममाााा.... 1((((अअअअ))))....————कितपय िनयम(cid:12) का (cid:14)(cid:15)प, अथा(cid:18)त,् भारतीय बीमाकं क सं(cid:25) थान (प(cid:27)रषद क(cid:30) अिधवेशन(cid:12) म " कारबार सं#य वहार) (संशोधन) िविनयम, 2018, अिधसूचना एम-18013/01/2017-बीमा.1 तारीख 27 मई, 2019 (ारा भारत के राजप*, असाधारण, भाग III, खंड 4 म " (cid:14)कािशत +कया गया था और उन सभी ,ि-य(cid:12) से, िजनके उसस े (cid:14)भािवत होन े क(cid:30) संभावना थी, उस तारीख स,े िजसको उ- अिधसूचना वाल े राजप* क(cid:30) (cid:14)ितया ं जनता को उपल0ध करा दी गई थ1, प2तालीस +दन क(cid:30) अविध क(cid:30) समाि3 स ेपूव(cid:18) आ6ेप और सझु ाव मांग ेगए थे ; और राजप* क(cid:30) (cid:14)ितया,ं 1 जून, 2019 को जनता को उपल0ध करा दी गई थ1 ; और उ- िनयम(cid:12) के बारे म", जनता स ेकोई आ6ेप और सुझाव (cid:14)ा3 नह1 8ए थ े; अत: अब, भारतीय बीमाकं क सं(cid:25)थ ान प(cid:27)रषद, क":ीय सरकार के पूव(cid:18) अनमु ोदन स,े बीमाकंक अिधिनयम, 2006 (2006 का 35) क(cid:30) धारा 56 क(cid:30) उपधारा (2) के खंड (ज) (ारा (cid:14)दCत शिD तय(cid:12) का (cid:14)योग करते 8ए भारतीय बीमाकं क सं(cid:25)थ ान (प(cid:27)रषद क(cid:30) अिधवेशन(cid:12) म" कारबार स#ं यवहार) िविनयम, 2011 का और संशोधन करने के िलए िन(cid:3) निलिखत िविनयम बनाती ह,ै अथात(cid:18) ् :- 1. ससससििििंंंं(cid:13)(cid:13)(cid:13)(cid:13)(cid:14)(cid:14)(cid:14)(cid:14)तत तत ननननाााामममम औऔऔऔरररर (cid:18)(cid:18)(cid:18)(cid:18)ााााररररंंंंभभभभ ---- (1) इन िनयम(cid:12) का संि6H त नाम भारतीय बीमाकं क सं(cid:25) थान (प(cid:27)रषद क(cid:30) अिधवशे न(cid:12) म "कारबार सं#य वहार) (संशोधन) िविनयम, 2019 ह ै। (2) य ेराजप* म" उनके अिं तम (cid:14)काशन क(cid:30) तारीख स े(cid:14)वCृ त ह(cid:12)गे । 6107 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] 2. भारतीय बीमाकं क सं(cid:25)थ ान (प(cid:27)रषद क(cid:30) अिधवेशन(cid:12) म " कारबार सं# यवहार) िविनयम, 2011 (िजस े इसे इसम " इसके पKच ात ् उDत िविनयम कहा गया ह)ै के िविनयम 2 के उप-िविनमय (i) म "खंड (घ ) के पK चात् िन(cid:3) निलिखत खंड अंत:(cid:25) थािपत +कया जाएगा,अथात(cid:18) ् :— ““““((((ड.) ““““िविडयो काNO ैQसगं ”””” स े प(cid:27)रषद के सद(cid:25)य (cid:12) जो +कसी मR यवतS के िबना एक दसू रे के साथ ससं ूचना के िलए #य िDत गत (cid:15)प स ेउपि(cid:25)थ त नह1 हो सकते और बैठक म" (cid:14)भावी (cid:15)प से भाग नह1 ल े सकत,,े,, को समथ (cid:18)बनाने के िलए V# य- दKृ य इलैDW ािनक ससं ूचना सिु वधा अिभ(cid:14)ते ह;;ै;;”””” 3. उDत िविनयम के िविनयम 5 म "उप-िविनयम (1) के (cid:25) थान पर िन(cid:3) निलिखत उप-िविनयम रखा जाएगा,,,, अथात(cid:18) ् :- “(1) अिधवेशन के समय और (cid:25)थ ान क(cid:30) सूचना प(cid:27)रषद के (cid:14)C येक सद(cid:25) य के रिज(cid:25) Wीकृत पते पर या डाक (ारा या इलैDW ािनक (cid:15)प स,,े,, ऐसे अिधवशे न क(cid:30) तारीख से कम से कम सात +दन पहले भेजी जाएगी और ऐसी सूचना म" अिधवेशन म" सं#य वहार +कए जाने वाल े कारबार का िववरण और िविडयो काNO ैQसंग सुिवधा उपल0 ध होन े के सबं ंध म " 0 यौरे,,,, अंत[व(cid:18)\ट ह(cid:12)ग””े”” 4. उDत िविनयम के िविनयम 7 म "उप-िविनयम (1) के (cid:25) थान पर िन(cid:3) निलिखत उप-िविनयम रखा जाएगा,,,, अथात(cid:18) ् :- “(1) प(cid:27)रषद के कुल सद(cid:25)य (cid:12) के ¼ सद(cid:25)य प(cid:27)रषद के अिधवेशन के िलए गणप[ू त (cid:18) का गठन कर"गे और िविडयो काN OैQसंग के माRय म से भाग लेने क(cid:30) गणना कोरम के (cid:14)योजन के िलए क(cid:30) जाएगी।””””;;;; 5. उDत ्िविनयम म "िविनयम 11 के पKच ात ्िन(cid:3) निलिखत िविनयम अंत:(cid:25) थािपत +कए जाएंग,,े,, अथात(cid:18) ्:- “12. अिधवेशन म " प(cid:27)रषद के सद(cid:25)य (cid:12) का भाग लेना –––– प(cid:27)रषद क(cid:30) अिधवेशन म" सद(cid:25) य या तो # यिDत गत (cid:15)प स े या िविडयो काNO ैQसंग जो सद(cid:25) य(cid:12) के भाग लेने को अिभिलिखत करने और माN यता दने े म" और ऐसे अिधवेशन(cid:12) क(cid:30) (cid:14)+_या‘ को तारीख और समय के साथ अिभिलिखत करने और भंडारण करन ेम" समथ (cid:18)ह,,,,2 के माR यम स ेभाग ल ेसक"ग;;े;; परंतु प(cid:27)रषद ऐसे मामले िविनaद\(cid:18) ट कर सकेगी िजन पर अिधवेशन म " िविडयो काNO ैQसंग के माR यम से चचा(cid:18) नह1 क(cid:30) जाएगी । 13. इलैDW ािनक रीित स े भाग लेन े के िलए सभापित,,,, अR य6 और सिचव का उCत रदाियCव -- सभापित,,,, अR य6 और सिचव का िन(cid:3)न िलिखत उCC र दाियCव होगा,,,, अथा(cid:18)त ् (क) िविडयो काNO ैQसगं माRय म स ेबैठक क(cid:30) सCय िन\ ठा सुिनिKच त करना और सुर6ा (cid:14)दान करना,,,, (ख) उिचत िविडयो काNO ैQसंग उप(cid:25)क र और सिु वधा को सिु निK चत करना,,,, (ग) यह सिु निKच त करना +क संबc प(cid:27)रषद सद(cid:25) य स ेिभN न कोई #य िD त इलैD Wािनक रीित से बैठक म "उपि(cid:25) थत नह1 हो रहा ह,,,,ै (घ) य+द िविडयो काNO ैQसंग के माRय म स ेभाग लेन ेवाल े# यिDत के कथन म "िवe न पड़ता ह ैया गड़बड़ होती ह ैतो बैठक् का सभापित या सिचव दोहराने या पुनरावृिf के िलए अनुरोध करेगा और य+द आवK यकता हो तो सभापित या सिचव वह दोहराएंगे जो उNह (cid:12)ने भाग लने े वाले # यिD त जो पुि\ ट या सधु ार के िलए कह रहा था,,,, सुना था।””””। +दनशे चं: खनसीली, कायक(cid:18) ारी िनदशे क [िवgापन-III/4/असा./306/19] (cid:20)(cid:20)(cid:20)(cid:20)टटटट(cid:14)(cid:14)(cid:14)(cid:14)पप पप णणणण:::: मलू िविनयम भारत के राजप* भाग III, खंड 4 म" तारीख 17 माच,(cid:18) 2011 को अिधसूिचत +कए गए थ े।¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 MINISTRY OF FINANCE (INSTITUTE OF ACTUARIES OF INDIA) NOTIFICATION Mumbai, the 22nd November, 2019 F. No. M-18013/01/2017-Ins.1 (E).—Whereas, the draft of certain regulations, namely, the Institute of Actuaries of India (Transaction of Business at Meetings of Council) (Amendment) Regulations, 2018 were published in the Gazette of India, Part III, Section 4, vide notification number M-18013/01/2017-Ins.I dated the 27th May, 2019, inviting objections and suggestions from all persons likely to be affected thereby before the expiry of a period of forty-five days from the date on which the copies of the Gazette were made available to the public; And whereas, copies of the Gazette were made available to the public on 1st June, 2019; And, whereas, no objection and suggestions have been received from the public; Now, therefore in exercise of the powers conferred by clause (h) of sub-section (2) of section 56 of the Actuaries Act, 2006 (35 of 2006), the Council of the Institute of Actuaries of India, with the previous approval of the Central Government, hereby makes the following regulations further to amend the Institute of Actuaries of India (Transaction of Business at Meetings of the Council) Regulations, 2011, namely:— 1. Short title and commencement .— (1) These regulations may be called the Institute of Actuaries of India (Transaction of Business at Meetings of Council) Amendment Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Institute of Actuaries of India (Transaction of Business at Meetings of Council) Regulations, 2011 (hereinafter referred to as the said regulation), in regulation 2, in sub-regulation (1) after clause (d), the following clause shall be inserted, namely:- “(e) “Video Conferencing” means audio-visual electronic communication facility to enable members of the Council who could not attend in person to communicate concurrently with each other without any intermediary and to participate effectively in the meeting.”. 3. In the said regulation, in regulation 5, for sub regulation (1), the following sub-regulation shall be substituted, namely:- “(1) A notice of the time and place of meeting shall be sent to the registered address of every member of the Council, either by post or electronically, not less than seven days before the date of such meeting and such notice shall contain a statement of the business to be transacted at the meeting and details regarding availability of facility of video conferencing.”. 4. In the said regulation, in regulation 7, for sub-regulation (1), the following sub-regulation shall be substituted, namely:- “(1) One-fourth of the total members of the Council shall constitute the quorum for a meeting of the Council and participation through video Conferencing shall be counted for the purpose of Quorum.”. 5. In the said regulation, after regulation 11, the following regulations shall be inserted, namely:- “ 12. Participation of Council members in meeting . — The participation of members in the Council meeting may be either in person or through video conferencing, which are capable of recording and recognising the participation of the members and of recording and storing the proceedings of such meetings along with date and time: Provided that the Council may, specify such matters which shall not be dealt with in a meeting through video conferencing. 13. Responsibility of President, Chairman and Secretary for participation through electronic mode .— The President, Chairman and Secretary shall have the following responsibilities, namely:- (a) to ensure and safeguard, the integrity of the meeting via videoconferencing; (b) to ensure proper videoconferencing equipments or facilities; (c) to ensure that no one other than the concerned Council member is attending the meeting through electronic mode; and4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (d) where a statement of a participant in the meeting via videoconferencing is interrupted or garbled, the chairperson or Secretary of the meeting shall request for a repeat or reiteration, and if need be, the Chairman or Secretary shall repeat what he heard the participant was saying for confirmation or correction.”. DINESH CHANDRA KHANSILI, Executive Director [ADVT.-III/4/Exty./306/19] Note : The Principal regulations were published in the Gazette of India, Part III, Section 4, on dated the 17th March, 2011. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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