Institute of Actuaries of India Conditions of Service of Employees Regulations 2017. Pay, Allowances & other conditions of employment, Conduct & Discipline
INSTITUTE OF ACTUARIES OF INDIA
NOTIFICATION
New Delhi, the 20th September, 2017
F. No. M-18012/03/2008-Ins.III.—Whereas, the draft of certain regulations, namely, the Institute of Actuaries of India (Conditions of Service of Employees) Regulations, 2017 were published in the Gazette of India, Part III, Section 4, vide notification number M-18012/03/2008-Ins.III dated the 15th February, 2017, 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 containing the said notification were made available to the public;
And whereas, copies of the Gazette were made available to the public on the 15th February, 2017;
And, whereas, objections and suggestions received from the public have been considered by the Council of the Institute of Actuaries of India.
Now, therefore, in exercise of the powers conferred by clauses (i) and (n) of sub-section (2) of section 56 read with clause (a) of sub-section (1) of section 20 and sub-section (2) of section 35 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, namely:—
Chapter I
Preliminary
1. Short title and commencement.—(1) These regulations may be called the Institute of Actuaries of India (Conditions of Service of Employees) Regulations, 2017.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions.—(1) In these regulations, unless the context otherwise requires. —
(a) “Act” means the Actuaries Act, 2006 (35 of 2006);
(b) “appellate authority” means the authority designated as such by the Council;
(c) “appointing authority” means the President or the Executive Director of the Council or any other officer authorised by the appointing authority to make appointments to the various posts in the Institute;
(d) “competent authority” means a person authorised by the Council for specific purposes;
(e) “disciplinary authority” means the President or the Vice-President of the Council or the Executive Director or such other authority as may be specified by the Council, which is competent to impose on an employee any of the penalties specified in regulation 36;
(f) “duty” includes-
(i) service as a probationer;
(ii) period during which an officer and other employee is on joining time or training authorised by the Authority;
(iii) period spent on leave duly authorised by a competent authority;
(g) “family” means the spouse of the officer or employee (if the spouse is also not the officer or employee of the Institute) and, dependent children including step children and wholly dependent parents, if residing with the employee but shall not include the legally separated spouse;
Explanation.—For the purposes of this clause, the expression ”dependent children” in case of son or daughter, including step son or step daughter, means:
(i) son, till he starts earning or attains the age of twenty-five years or gets married, whichever is earlier;
(ii) daughter, till she starts earning or attains the age of twenty-five years or gets married, whichever is earlier;
(iii) disabled son or daughter suffering from permanent disability of any kind (physical or mental);
(h) “pay” means the amount drawn by an employee as pay which had been sanctioned for a post held by him;
(i) “service” includes the period during which an employee is on duty as well as on leave duly authorised by the competent authority, but does not include any period during which an employee is absent from duty without permission or overstays his leave, unless specifically permitted or condoned by the competent authority.
(2) Words and expressions used in these regulations and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act.
CHAPTER II
Pay, Allowances & other conditions of employment,
3. Classification of employees.
4. Category of employees
5. Salary and allowances
6. Non admissibility of pay, allowances and other benefits in certain cases
7. Commencement of the duty
8. Annual performance review, increment and bonus
9. Mode of recruitment
10. Promotion Policy
11. Resignation
12. Superannuation
13. Maintenance of record of service
14. Grant of leave
15. Leave address to be intimated
16. Report of duty after leave
17. Production of medical certificate for medical leave
18. Leave entitlement.
19. Working days and hours
20. Public holidays
21. Provident fund and gratuity.
22. Group mediclaim coverage and medical re-imbursement
23. Travelling expenses, allowances and daily allowance
24. Leave Travel Concession
25. Travelling advances
Chapter III Conduct, Discipline and Appeals
26. Scope of an employee’s service
27. Evidence before any other authority
28. Canvassing or outside influence
29. Prohibition of private trade or employment in certain case
30. Acceptance of gift
32. Consumption of intoxicating drinks and drugs
33. Employees arrested on criminal charge
34. Giving and taking dowry
35. Prohibition of sexual harassment of women employees at work place
36. Penalties
37. Authority competent to impose penalty
38. Procedure for imposing major penalties
39. Appeal to President
40. Review by Council
41. Suspension
42. Subsistence allowance
44. Review
Chapter IV Miscellaneous
45. Annual returns of assets and liabilities
46. Deputation
47. Declaration to be signed by employees
48. Grievance Redressal Committee
49. Miscellaneous
FORM A
[See regulation 47]
DECLARATION TO BE BOUND BY THE INSTITUTE OF ACTUARIES OF INDIA (CONDITIONS OF SERVICE OF EMPLOYEES) REGULATIONS, 2016
FORM B
[see regulation 47]
DECLARATION OF SECRECY
