From an Indian government press release issued today:
The Actuaries Bill, 2006 has been enacted. After the President signed the legislation as passed by Parliament and its gazette notification, the Act has come into force.
Under the Act, the Institute of Actuaries of India will be set up to conduct examinations for the profession of actuaries to regulate the profession. The Institute would look into professional misconduct and create necessary facilities for the growth and training of the members of the profession. As a result, the Actuarial Society of India would be dissolved and its assets and liabilities transferred to the proposed Institute of Actuaries of India.
The guild gets nationalized, it seems…..