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रजिस्ट्री सं. डीएल—(एन)-04/0007/2003—05 REGISTERED No. DL—(N)-04/0007/2003—05

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सं. 30] नई दिल्ली, शनिवार, जुलाई 23—जुलाई 30, 2016 (श्रावण 1, 1938)

No. 30] NEW DELHI, SATURDAY, JULY 23—JULY 30, 2016 (SRAVANA 1, 1938)

इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके

(Separate paging is given to this Part in order that it may be filed as a separate compilation)

भाग III—खण्ड 4

[PART III—SECTION 4]

[सांविधिक निकायों द्वारा जारी की गई विविध अधिसूचनाएं जिसमें कि अधिसूचनाएं, आदेश, विज्ञाापन और सूचनाएं

सम्मिलित ह]

[Miscellaneous Notifications including Notifications, Orders, Advertisements and Notices issued by

Statutory Bodies]

——————

भारतीय बीमांकक संस्थान

वार्षिक रिपोर्ट एवं लेखे 2014-15

, 2006 13 19 , 2015 ,

, 2006 13

	19 , 2015
	3.00 4.00
	, ..

1—169 GI/2015

(109)110 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 :

, , 28 , 2014

.		/
1.	. . (93)		31 , 2014
2.	. (101)		26 , 2014
3.	. (13)		13 , 2014
4.	.. (130)		16 , 2015

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01 , 2014 31 , 2015 - : - /

ह./-

05 सितम्बर, 2015

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2. ..

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 111

, .

.		/
1.	.. (89)		27 , 2014
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(i) 16 71.46 138.11

(ii) 2013-14 102.95

(iii) (- ) 1.64 ,112 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 01 , 2014 31 , 2014 -

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1. श्री संजीब कुमार

2. श्री आर. अरुणाचलम

3. श्री सुनील शर्मा

4. श्री धीरज गोयल

यह बैठक अध्यक्ष महोदय को धन्यवाद देकर समाप्त हुई।

संस्थान के कारोबार पर अध्यक्ष महोदय का वक्तव्य

नमस्कार।

मुझे,वर्ष 2014-15 के दौरान की गई पहलों और किए गए क्रियाकलापों को साझा करते हुए प्रसन्नता हो रही है।

बीमांककों के वैश्विक सम्मेलन के दौरान, मैंने इस बात पर प्रसन्नता से प्रकाश डाला कि संस्थान, इस वर्ष के दौरान मुख्य विषयों पर ध्यान केंद्रित करेगा। ये, व्यावसायिकता को सु–ढ़ बनाना, परीक्षाओं और शिक्षा सु–ढ़ बनाना और पारदर्शिता में वृद्धि करना था मुझे यह कहते हुए प्रसन्नता हो रही है कि इन पर कार्य करना आरंभ कर दिया गया है और आगामी वर्ष में इसके फल देखे जाएंगे।

शिक्षा और परीक्षाओं की दिशा में, ऐसे अभ्यर्थियों के लिए परामर्श सत्र आयोजित किए जाते रहेंगे, जो बहुत कम अंकों से अनुत्तीर्ण हो जाते हैं। भारत के विशिष्ट वातावरण, संकल्पनात्मक एवं संसूचन स्पष्टता और व्यवसाय संबंधी जानकारी के परीक्षण के संबंध में सुसंगतता सुनिश्चित करने के हिसाब से परीक्षा के प्रश्नपत्र बनाने में सुधार करने हेतु क्षेत्रों का पता लगाने के लिए सभी विषयों के परीक्षकों के साथ एक कार्यशाला आयोजित की गई थी। पेपर से टी-4, जिसकी पिछले कुछ में निम्नतम उत्तीर्ण दर है, में कोचिंग आयोजित की गई ताकि इसमें उत्तीर्णदर में वृद्धि हो सके। भविष्य में अन्य पेपरों में भी कोचिंग का विस्तार किया गया। संस्थान में सुधार को अन्य क्षेत्रों में काम चल रहा है, जिसका परिणाम हमें अगले वर्ष पता चल सकेगा।

व्यावसायिकता, इस वर्ष की आधारशिला रही है। एपीएस-9 जारी कर दिया गया है, जिसमें सबके लिए सीपीडी को अनिवार्य बनाया गया है। सीओपी के दिशानिर्देशों का मसौदा भी जारी कर दिया गया है। इसके अलावा, संस्थान अब, बीमांकक अधिनियम के या किसी अन्य दिशानिर्देशों जैसे एपीएस, आधार संहिता आदि के सदस्यों/गैर-सदस्यों द्वारा किसी उल्लंघन पर मुकदमा दायर करने के काम में बहुत सक्रिय है। इनमें से अनेक कार्रवाइयां, पिछले वर्ष गठित किए गए गुणवत्ता समीक्षा बोर्ड की अपेक्षाओं के अनुरूप हैं। इस वर्ष के दौरान हमारी फेलोशिप में 22 छात्र दाखिल किए गए हैं, जिससे 31.03.2015 को यथास्थिति फेलो की संख्या बढ़कर 290 हो गई है। पूरे देश में 41 केंद्रों के जरिए आयोजित की गई हमारी छात्र प्रवेश परीक्षा एसीईटी में 5389 छात्रों द्वारा प्रयास किया गया और उनमें से 2495 छात्र उत्तीर्ण हुए।

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 113

अनेक भिन्न-भिन्न विशेषज्ञता क्षेत्रों में 9 संगोष्ठियां आयोजित की गईं, जिनमें 438 सदस्यों ने भाग लिया। हमारे प्रमुख सम्मेलन जीसीए ने हमारी सफलता में एक और सफल वर्ष जोड़ दिया है, जिसमें 11 देशों के 724 लोगों ने भाग लिया।

हमने, समाज के आर्थिक रूप से कमजोर वर्गों के मेधावी छात्रों को, अपनी छात्र सहायता योजना के जरिए, इस वर्ष के दौरान 10 छात्रों को वित्तीय सहायता उपलब्ध कराई। कमजोर वर्गों की परिभाषा का विस्तार किया गया, ताकि छात्रवृत्ति के लिए अर्हता प्राप्त करने में अधिक छात्र समर्थ हो सकें।

इस वर्ष के दौरान, संस्थान के अनुसंधान विभाग ने, सार्वजनिक क्षेत्र के बैंकों में वेतनमानों, जीवन बीमा में कराधान से संबंधित बाह्य परियोजनाएं आरंभ करने का अवसर प्राप्त किया है। ये रिपोर्टें, भारत में विभिन्न कार्मिकों द्वारा देखी जाती हैं। इस दल ने भारतीय विज्ञान सम्मेलन में प्रस्तुत किए गए ''बीमांकिक विज्ञान'' विषय पर एक पेपर पर भी कार्य किया। तथापि, इस दल का ध्यानकेंद्रण, भविष्य में किसी समय अनुसंधान के बजाय संस्थान में शैक्षिक क्रियाकलापों के प्रति अधिक होगा। यह बात महत्वपूर्ण है कि हमारे द्वारा अनुसंधान पर भारी खर्च करने से पहले उभरते बीमांककों के लिए मूलभूत सिद्धांत लागू कर दिए जाने चाहिए।

पणधारियों द्वारा भिन्न-भिन्न मंचों पर यह विचार व्यक्त किए गए हैं कि बीमांककों की आपूर्ति में वृद्धि होनी चाहिए। इस व्यवसाय में प्रतिभाशाली व्यक्तियों को लाने के प्रयास किए जा रहे हैं, जो तुलनात्मक रूप से शीघ्रता से परीक्षाओं के जरिए प्रगति कर सकते हैं और इसके लिए एसीईटी आरंभ किया गया है। तथापि, और अधिक कार्य किए जाने की आवश्यकता है। परामर्श और कोचिंग ऐसे क्षेत्र हैं, जिन पर पिछले वर्ष के दौरान ध्यान केंद्रित रहा है और आगामी वर्षों में भी रहेगा। सही प्रवेश करना और इसके पश्चात निरंतर समर्थन महत्वपूर्ण होता है ताकि छात्र परीक्षा में उत्तीर्ण हो सकें। इस प्रयास में सबसे बड़ी चुनौती है - प्रवेश के स्तर पर मांग का स्तर। हालांकि पहलों के स्तर पर आपूर्ति मौजूद है, परंतु प्रवेश के स्तर पर नौकरियां सीमित हैं। कुछ परीक्षाएं उत्तीर्ण करने के पश्चात अनेक छात्र व्यवसाय छोड़ देते हैं, जब एक फेलो बनने और लिखना जारी रखने के बजाय वे कोई नौकरी प्राप्त नहीं कर सके। मुझे किसी ऐसे व्यक्ति की जानकारी नहीं है, जो एक अर्हताप्राप्त फेलो है और फिर भी बेरोजगार है। मुझे आशा है कि अधिक युवा शीघ्र ही अर्हता प्राप्त करेंगे और यह व्यवसाय आरंभ करेंगे। इस वर्ष के दौरान आंकड़ा सुरक्षा और बचाव के इर्द-गिर्द सूचना प्रौद्योगिकी वातावरण में नियंत्रणों की और आंकड़ा सुरक्षा के इर्द-गिर्द परीक्षा विभाग में नियुत्रणों की एक विस्तृत समीक्षा की गई थी। इसके अलावा, इस वर्ष के दौरान सभी मुख्य प्रक्रियाओं का दस्तावेजीकरण भी आरंभ किया गया।

वर्ष के दौरान, यह परिषद 6 बार बैठक करने और कार्यसूची की 64 मदों पर कार्य करने में बहुत व्यस्त रही।

अंततः, हमेशा अधिक कार्य करने और सुधार करने की गुंजाइश रहती है और इसलिए एक व्यवसाय के रूप में प्रगति करना जारी रखने के लिए सदस्यों से स्वैच्छिक योगदान एक मूल सिद्धांत बना हुआ है। मैं इस अवसर पर परिषद, समितियों, परामर्श समूहों, कार्यचालन समूहों के सभी सदस्यों, कार्य बलों, परीक्षकों, परीक्षा/शिक्षा क्रियाकलापों में लगे व्यक्तियों और संस्थान के स्टाफ, जिनके प्रयासों ने हमें सक्रिय बनाए रखा है, को धन्यवाद देना चाहूंगा।

प्रगति के एक और वर्ष की आशा करते हुए

—ते भारतीय बीमांकक संस्थान

ह./- राजेश डालमिया अध्यक्ष

31.03.2015 9

1. वातावरणः

1.1 हालांकि बीमा उद्योग में प्रगति मंद हो गई थी, परंतु बीमा अधिनियम के पारित होने के कारण उत्सुकता अत्यधिक है। इस वातावरण में इष्टतमता है। वर्तमान में विनियामक अधिनियम के पारित हो जाने के कारण अपेक्षित मुख्य विनियामक परिवर्तनों पर काम कर रहे हैं। यह कुछ विनियमों को पुनः लिखे जाने का एक अवसर है, जो उद्योग और सामान्य रूप से सभी पणधारियों को नुकसान पहुंचा रहा है। यह अनिवार्य है कि इन परिवर्तनों में से अनेक परिवर्तन संभवतः तुरंत न हों, हालांकि यह अपेक्षा की जाती है कि इन्हें अगले कुछ वर्षों में आरंभ किया जाएगा क्योंकि विनियमों में परिवर्तन करने की शक्ति अधिनियम से ले ली गई है और विनियामक को अंतरित कर दी गई है।

1.2 सामान्य बीमा और स्वास्थ्य बीमा उद्योग में प्रगति जारी है और वे अपने प्रस्तावों में विस्तार कर रहे हैं। इस खंड में उस तरीके में वर्धित ध्यानकेंद्रण है, जिसमें इस खंड में कंपनियां अपने उत्पादों का मूल्य निर्धारण कर रही हैं और भावी देयताओं के लिए आरक्षित रख रही हैं तथा बीमांकिक समावेश में काफी हद तक विस्तार कर दिया गया है।

1.3 प्रवेश स्तर के बीमांकिक नियोजन सीमित बने हुए हैं। बीमांकिक अपतट इकाइयां इसके प्रति प्रबल रूप से योगदान कर रही हैं। अनुभवी और अर्हताप्राप्त बीमांककों की मांग व्यवहार के सभी क्षेत्रों में मजबूत बनी हुई है। भारतीय बीमांककों का बढ़ता हुआ रुख है जिससे विदेशों में अवसर प्राप्त किए जा सकते हैं।

1.4 सेवानिवृत्ति लाभ का क्षेत्र भारत में अनेक बीमांककों के लिए प्राथमिक परामर्शी क्षेत्र बना हुआ है। गैर-पारंपरिक क्षेत्रों में अभी भी अनखोजी बड़ी संभावनाएं हैं।

114 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

2. सदस्यताः

2.1

31.03.2005	31.03.2006	31.03.2007	31.03.2008	31.03.2009	31.03.2010	31.03.2011	31.03.2012	31.03.2013	31.03.2014	31.03.2015
203	213	217	220	203	216	238	246	259	278	290
18	23	27	18	20	16	17	21	18	19	15
136	131	135	134	132	130	137	134	124	151	158
3486	5552	6200	6518	8340	10216	11786	7864	8161	8804	9846
3843	5919	6579	6890	8695	10578	12178	8265	8562	9252	10309
6	6	6	6	6	6	6	6	6	6	6
3849	5925	6585	6896	8701	10584	12184	8271	8568	9258	10315

2005 2015 --

- 2005 2015

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 115

- 2005 2015


20	0	0	0	908	908
20 24	2	2	0	3631	3635
25 29	17	32	2	2508	2559
30 34	56	15	2	1361	1434
35 39	36	14	3	664	717
40 44	47	37	2	450	536
45 49	41	26	2	325	394
50 54	15	10	0	79	104
55 59	8	4	0	25	37
60 64	10	9	2	9	30
65 69	5	5	1	3	14
70 74	12	0	0	0	12
75 79	19	2	0	1	22
80 84	11	0	0	1	12
84 90	11	1	0	0	12
90	2	0	0	0	2
	292	157	14	9965	10428

116 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

2.3 :

01.08.2014 31.07.2015 :

.
1.	. .	93	31 , 2014
2.	.	101	26 , 2014
3.	.	13	13 , 2014
4.	..	130	16 , 2015

2.4 ( ):


339	12-13 , 2013	19 14
5168	12-13 , 2014	01 14
286	13-14 , 2012	29 14
5738	04-05 , 2013	30 15
700	18-19 , 2014	30 15
2619	18-19 , 2014	30 15
484	12-14 , 2014	19 15

2.5

	/
4992	20132	12-14, 2014	1914
8974	20143	04-05, 2013	1914
739	20143	04-05, 2013	2114
4607	20144	04-05, 2013	1614
18301	20144	04-05, 2013	1614
19005	20144	04-05, 2013	1614
3755	20142	12-13, 2014	1614
594	20133	12-13, 2014	0115
4767	20143	04-05, 2013	0115
2463	20142	18-19, 2014	0915
10336	20145	18-19, 2014	0915
4451	20141	18-19, 2014	3015
1325	2014 3	18-19, 2014	3015
3305	20142	18-19, 2014	3015
6378	20142	18-19, 2014	1715

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 117

2.6


807		19, 2014
3101		21, 2014
10336		21, 2014
10557		21, 2014
9741		16, 2014
2818		01, 2014
3102		01, 2014
1035		29, 2014
6296		29, 2014
1509		19, 2014
10309		01, 2015
5644		01, 2015
3187		01, 2015
2010		01, 2015
12270		01, 2015
5472		01, 2015
1522		01, 2015
1230		01, 2015
5426		09, 2015
5541		30, 2015

118 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

3. /

3.1 31 , 2015

.
1.
2.
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5.		13.02.2014
6.		06.05.2015
7.
8.
9.
10.
11.
12.
13.
14.
15.

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 119

3.2 :

6 28.08.2014 05.09.2015

.
1.	06.09.2014
2.	29.11.2014
3.	01.02.2015
4.	28.03.2015
5.	20.06.2015
6.	05.09.2015

3.3

.
1.
2.
3.	.

3.4 :

05 , 2015 :

120 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

3.4.1 ( 21 )

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 123

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124 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 125

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126 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

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3. ,भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 127 3.5.7

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128 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 129

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130 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 131

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6. ,132 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 3.5.14

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भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 133

4.1 /

5946 4324 1087 25.13%134 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 2014

2014

(%)

6666 4681 936 19.99%भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 135 5. 7 ( 2014)

-				%
				%
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	3488	2853	1323	46.37%

8 ( 2015)

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	3612	3007	1037	34.49%

136 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

–7 8

, - 7 8

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 137

- – 7 8

6.1

2014 , , 2015 17 -

2014
.			2014	, 2014
1.		1–	(23340)	(24627)
2.		2 :	(927) – 2014	(8057) – 2014 (1498) 2014
3.		3–	(413) – 2014	(10309) 2014
4.		1–	(20779)	(3734)
5.		2–	(24627)	(2547)
.			2014	, 2014
6.		4–	(1230)	कोई घोषित
7.		5– –	(2230)	(634)
8.		6– –	(2347)	(23242)
9.		7– :	(4561)	(5779) (7911)
10.		8– :	(23272)	(1522)
11.		1–	(19405)	(2554)
12.	:	2–	(2463)	(5357)
13.		3–	(6378)	(1325)
14.		4–	(18301)	(18717)
15.		6–		(634)

138 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

⁹ –उद्यम

उद्यम ,

		उद्यम

उद्यम

2 –भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 139 ,

7. /

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140 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

8.1

• [email protected]

IAI Website -Research and Publication - Library Services - Download

• , •

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31 , 2015 -

31.03.14	.	31.03.2015	31.03.2014		.	31.03.2015

117,602,105.43	""	122,801,540.12	33,518,176.00		""	63,454,476.00

6,669,629.00	""	7,079,416.00	225,290,027.23		""	269,513,894.42

157,837,942.00	""	207,671,412.00		,
			5,329,655.24	)	""	2,199,727.78
5,237,242.00	""	6,775,811.00
			72,671.00	)	""	500,927.00
23,734,128.05	"."	33,447,555.16
			9,712,467.28	)	""	10,096,679.02

			36,052,268.77	)	""	32,010,030.06

			1,105,780.96	-	."	0.00
				- ( )

311,081,046.48		377,775,734.28	311,081,046.48			377,775,734.28

''''







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.						.

. 45462


:
: 05 ,2015

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 145

0 0

2 2

4 6

5 6

9 9

2 2

9 2 4

5 9 9

1 1 7

0 7 2

4 7 2

6 6 5

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31, 2015

31 2014			31 2015	31 .2014			31 2015
		.				.

77,849,390.86		""	87,827,445.81	20,868,981.66	:	""	23,093,995.22


				15,786,804.49	:	""	16,346,429.00
	-
120,000.00	-		120,000.00	5,082,177.17			6,747,566.22
35,000.00	-		35,000.00
				77,279,434.79		""	84,417,711.64

807,723.00		""	713,842.00	10,032,073.48		""	10,000,270.65

				23,185,134.36		""	28,130,274.99

38,240,109.33			41,041,626.69	1,473,403.39		""	442,091.00

117,052,223.19			129,737,914.50	117,052,223.19			129,737,914.50

-				38,240,109.33			41,041,626.69
			65,000,000.00
				-			45,000,000.00
38,240,109.33			21,041,626.69

38,240,109.33			86,041,626.69	38,240,109.33			86,041,626.69

''''






	./-			./-	./-		./-

.							.

. 45462


:
: 05 ,2015

3 1.03.2015 -
31.03.14		31.03.15	31.03.15

	)
	द्वारा
325,000.00	i) ,	325,000.00
500,000.00	ii)	500,000.00
151,270.00	iii) ( )	151,270.00
976,270.00	31 , 2014 <------- --------> 31 , 2015	976,270.00
	) :
79,566,154.10	01 , 2013 <------- --------> 01 , 2014	116,625,835.43
38,240,109.33 :		21,041,626.69
	0.00 :	30,303,030.00
	0.00 :	45,000,000.00
1,170,428.00 :		1,130,722.00
	0.00 : (15 )	4,500.00
	10,000.00 : (15)	10,000.00
116,625,835.43	31 , 2014 <------- --------> 31 , 2015	121,825,270.12
117,602,105.43			122,801,540.12


12-08-95			50,000.00
13-12-95			1,000.00
27-12-95			10,000.00
17-01-96	..		1,000.00
23-01-96	..		2,000.00
01-02-96	..		2,500.00
23-02-96	. .		1,000.00

26-02-96	..		2,500.00
03-03-96	.		100.00
19-03-96	..		10,000.00
19-03-96	..		6,550.00
31-03-96	..		1,000.00
08-05-96	..		1,000.00
15-05-96	..		25,000.00
16-05-96			300.00
21-05-96	..		3,320.00
25-06-96			7,500.00
08-07-96	. .		10,000.00
21-08-96	.		1,000.00
05-12-96	..		5,000.00
13-12-96	.. ()		10,500.00
			151,270.00
31.03.14		31.03.15	31.03.15

	) .. //:
	(2)
184,823.00	01 , 2013 <------- --------> 01 , 2014	193,841.00
	19,018.00 : () ()()	18,667.00
	0.00 :	0.00
	10,000.00 :	10,000.00
193,841.00	31 , 2014 --------> 31 , 2015		202,508.00
	) ( )) .. 100
	(1 1 द्वारा )
239,066.00	01 , 2013 --------> 01 , 2014	243,666.00
	24,600.00 : () ()()	23,465.00
	20,000.00 :	20,000.00
243,666.00	31 , 2014 <------- --------> 31 , 2015		247,131.00
	) .. : (6)
	( )
237,585.00	01 , 2013 --------> 01 , 2014	257,032.00
	24,447.00	24,752.00
	5,000.00 : भुगतान किया गया पुरस्कार	5,000.00
257,032.00	31 , 2014 --------> 31 , 2015		276,784.00
	) .. (8 )
187,725.00	01 , 2013 --------> 01 , 2014	197,042.00
	19,317.00	18,975.00
	0.00	0.00
	10,000.00 : भुगतान किया गया पुरस्कार	10,000.00
197,042.00	31 , 2014 --------> 31 , 2015		206,017.00
	.) .. : (1 )
13,469.00	01 , 2013 --------> 01 , 2014	14,855.00
	1,386.00	1,431.00
14,855.00	31 , 2014 --------> 31 , 2015		16,286.00
	) .. : (3 )
111,345.00	01 , 2013 --------> 01 , 2014	112,802.00
	11,457.00	10,863.00
	0.00	0.00
	10,000.00 : भुगतान किया गया पुरस्कार	10,000.00
112,802.00	31 , 2014 --------> 31 , 2015		113,665.00
	) : ( / )
174,686.00	01 , 2013 --------> 01 , 2014	162,661.00
	17,975.00	15,664.00
	30,000.00 : भुगतान किया गया पुरस्कार	30,000.00
162,661.00	31 , 2014 --------> 31 , 2015		148,325.00
	) : (4 )
344,117.00	01 , 2013 --------> 01 , 2014	374,527.00
	35,410.00	36,067.00
	0.00	0.00
	5,000.00 : भुगतान किया गया पुरस्कार	10,000.00
374,527.00	31 , 2014 --------> 31 , 2015		400,594.00
	) .. : (4 )
121,719.00	01 , 2013 --------> 01 , 2014	124,244.00
	12,525.00	11,965.00
	0.00	0.00
	10,000.00 : भुगतान किया गया पुरस्कार	5,000.00
124,244.00	31 , 2014 --------> 31 , 2015		131,209.00
	) : (2 )
122,676.00	01 , 2013 --------> 01 , 2014	126,049.00
	12,623.00	12,139.00
750.00		21,000.00
	10,000.00 : भुगतान किया गया पुरस्कार	10,000.00
126,049.00	31 , 2014 --------> 31 , 2015		149,188.00
1,806,719.00			1,891,707.00
	) . .. (7 )
123,904.00	01 , 2013 --------> 01 , 2014	126,654.00
	12,750.00	12,197.00
	0.00	0.00
	10,000.00 : भुगतान किया गया पुरस्कार	10,000.00
126,654.00	31 , 2014 --------> 31 , 2015		128,851.00
	) : ( )
22,748.00	01 , 2013 --------> 01 , 2014	25,089.00
	2,341.00	2,416.00
25,089.00	31 , 2014 --------> 31 , 2015		27,505.00
	) : (7 )
43,157.00	01 , 2013 --------> 01 , 2014	37,598.00
	4,441.00	3,621.00
	0.00	0.00
	10,000.00 : भुगतान किया गया पुरस्कार	15,000.00
37,598.00	31 , 2014 --------> 31 , 2015		26,219.00
	) .. : (3 )
102,286.00	01 , 2013 --------> 01 , 2014	112,811.00
	10,525.00	10,864.00
0.00	31 , 2014 --------> 31 , 2015	0.00
	0.00 : भुगतान किया गया पुरस्कार	0.00
112,811.00	31 , 2014 --------> 31 , 2015		123,675.00
	)
	(4.5 )
268,113.00	01 , 2013 --------> 01 , 2014	295,702.00
	0.00 :	0.00
	27,589.00	28,476.00
	0.00 : भुगतान किया गया पुरस्कार	0.00
295,702.00	31 , 2014 --------> 31 , 2015		324,178.00
	) ..
82,922.00	01 , 2013 --------> 01 , 2014	91,455.00
	8,533.00	8,807.00
	0.00	0.00
	0.00 : भुगतान किया गया पुरस्कार	0.00
91,455.00	31 , 2014 --------> 31 , 2015		100,262.00
	) .. (/ )
124,983.00	01 , 2013 --------> 01 , 2014	126,269.00
	12,861.00	12,160.00
	11,575.00 : भुगतान किया गया पुरस्कार	13,000.00
126,269.00	31 , 2014 --------> 31 , 2015		125,429.00
	) . (3 )
2,455,067.00	01 , 2013 --------> 01 , 2014	2,707,693.00
	252,626.00	260,751.00
	0.00	0.00
	0.00 : भुगतान किया गया पुरस्कार	0.00
2,707,693.00	31 , 2014 --------> 31 , 2015
	) (5 )
121,100.00	01 , 2013 --------> 01 , 2014	128,561.00
	0.00	0.00
	12,461.00	12,380.00
	5,000.00 : भुगतान किया गया पुरस्कार	10,000.00
128,561.00	31 , 2014 --------> 31 , 2015
	) . (6)
124,275.00	01 , 2013 --------> 01 , 2014	132,063.00
	0.00	0.00
	12,788.00	12,718.00
	5,000.00 : भुगतान किया गया पुरस्कार	10,000.00
132,063.00	31 , 2014 --------> 31 , 2015
5,590,614.00
31.03.14		31.03.15	31.03.15
5,590,614.00			5,981,992.00
	) (8 – )
77,089.00	01 , 2013 --------> 01 , 2014	61,196.00
	7,932.00	5,893.00
23,825.00 : भुगतान किया गया पुरस्कार		24,000.00
	0.00	0.00
61,196.00	31 , 2014 --------> 31 , 2015		43,089.00

	) (2)
131,712.00	01 , 2013 --------> 01 , 2014	135,265.00
	13,553.00	13,026.00
10,000.00 : भुगतान किया गया पुरस्कार		10,000.00
135,265.00	31 , 2014 --------> 31 , 2015		138,291.00

	) (1)
129,274.00	01 , 2013 --------> 01 , 2014	132,576.00
	13,302.00	12,767.00
10,000.00 : भुगतान किया गया पुरस्कार		10,000.00
132,576.00	31 , 2014 --------> 31 , 2015		135,343.00

	) . (/. )
130,695.00	01 , 2013 --------> 01 , 2014	130,994.00
	13,449.00	12,615.00
	0.00	0.00
13,150.00 : भुगतान किया गया पुरस्कार		11,500.00
130,994.00	31 , 2014 --------> 31 , 2015		132,109.00

	) . - (1)
235,439.00	01 , 2013 --------> 01 , 2014	249,666.00
	0.00	0.00
	24,227.00	24,043.00
10,000.00 : भुगतान किया गया पुरस्कार		10,000.00
249,666.00	31 , 2014 --------> 31 , 2015		263,709.00

	) . - (4)
240,442.00	01 , 2013 --------> 01 , 2014	255,183.00
	0.00	0.00
	24,741.00	24,574.00
10,000.00 : भुगतान किया गया पुरस्कार		10,000.00
255,183.00	31 , 2014 --------> 31 , 2015		269,757.00
	) . (5)
112,553.00	01 , 2013 --------> 01 , 2014	114,135.00
	0.00	0.00
	11,582.00	10,991.00
10,000.00 : भुगतान किया गया पुरस्कार		10,000.00
114,135.00	31 , 2014 --------> 31 , 2015		115,126.00
6,669,629.00			7,079,416.00
	) :
173,672.00	01 , 2013 --------> 01 , 2014	191,543.00
	0.00 :	0.00
	17,871.00	18,446.00
191,543.00	31 , 2014 --------> 31 , 2015		209,989.00
	) : ()
491,093.00	01 , 2013 --------> 01 , 2014	541,626.00
	0.00 :	0.00
	50,533.00 : () ()()	52,159.00
541,626.00	31 , 2014 --------> 31 , 2015		593,785.00
	) : ( )
357,606.51	01 , 2013 --------> 01 , 2014	337,597.00
	36,797.49	32,511.00
56,807.00		63,295.00
337,597.00	31 , 2014 --------> 31 , 2015		306,813.00
	) :()
851,747.00	01 , 2013 --------> 01 , 2014	939,392.00
	0.00 :	0.00
	87,645.00	90,463.00
939,392.00	31 , 2014 --------> 31 , 2015		1,029,855.00
	.) . ( – )
2,782,898.00	01 , 2013 -------> 01 , 2014	2,983,281.00
	286,360.00	287,290.00
	85,977.00 : 2	0.00
2,983,281.00	31 , 2014 --------> 31 , 2015		3,270,571.00
	) :
16,765.00	01 , 2013 --------> 01 , 2014	18,490.00
0.00	:	0.00
	1,725.00	1,781.00
18,490.00	31 , 2014 --------> 31 , 2015		20,271.00
	) / :
1,280,771.00	01 , 2013 --------> 31 , 2014	1,412,562.00
	131,791.00	136,030.00
1,412,562.00	31 , 2014 --------> 31 , 2015		1,548,592.00
	) :
13,341,711.00	01 , 2013 --------> 01 , 2014	14,714,573.00
	1,372,862.00	1,417,013.00
14,714,573.00	31 , 2014 --------> 31 , 2015		16,131,586.00
	)
123,944,943.00	01 , 2013 --------> 01 , 2014	136,698,878.00
0.00	:		0.00
12,753,935.00		13,164,102.00
	0.00 :	30,303,030.00
136,698,878.00	31 , 2014 --------> 31 , 2015		119,559,950.00
	) :
0.00	01 , 2013 --------> 01 , 2014	0.00
	0.00 :	65,000,000.00
0.00	31 , 2014 --------> 31 , 2015		65,000,000.00
157,837,942.00			207,671,412.00
	)
1,435,894.00	01 , 2013 --------> 01 , 2014	1,583,647.00
	147,753.00	152,505.00
1,583,647.00	31 , 2014 --------> 31 , 2015		1,736,152.00
	) :
1,137,406.00	01 , 2013 <------- --------> 01 , 2014	1,254,445.00
	117,039.00	120,803.00
1,254,445.00	31 , 2014 <------- --------> 31 , 2015		1,375,248.00
	) :
335,701.00	01 , 2013 --------> 01 , 2014	370,245.00
	0.00 :	0.00
	34,544.00	35,655.00
	0.00 :	0.00
370,245.00	31 , 2014 --------> 31 , 2015		405,900.00
	)
1,005,737.00	01 , 2013 --------> 01 , 2014	2,028,905.00
1,170,428.00 :		1,130,722.00
	103,490.00 : () ()(	195,384.00
	250,750.00 :	96,500.00
2,028,905.00	31 , 2014 --------> 31 , 2015		3,258,511.00
5,237,242.00			6,775,811.00
.

	0.00 ()	253,871.00
66,262.11		39,549.00
	0.00 . .	7,500.00
2,806.00 ( )		2,378.00
0.00		756.00
93,022.00		101,657.00
53,995.00	,	15,855.00
0.00		3,000.00
	0.00	11,634.00
0.00		20,853.00
35,826.00		61,125.00
0.00		3,898.00
	0.00	8,445.00
0.00 ..		3,000.00
	0.00 ..	4,966.00
	0.00	2,235.00
	0.00	373,980.00
0.00 .		80,268.00
19,600.00		11,036.00
	0.00 -	13,243.00
	0.00	283,102.00	1,302,351.00

3,677,427.42		3,771,716.66
	0.00 9	116,500.00
9,084,166.47 2014		0.00
	0.00 2015	13,529,584.71
	600.00	0.00
	3,333.00	3,333.00
	200.00	0.00
	0.00 3	819,999.92
1,110,109.00 9		1,533,134.56	19,774,268.85

1,027,376.00		330,123.00
	0.00	68,266.00
	300.00	0.00	398,389.00

	425,684.05 ( )	445,471.69
1,856,812.00		2,585,966.00
1,754,916.00		2,423,896.00
0.00		123,504.36
12,582.00 –		12,582.00
391,000.00 –		391,000.00
	11,000.00	0.00
4,107,111.00		5,990,126.26	11,972,546.31
23,734,128.05			33,447,555.16


.()	- () -



		6-Oct-03	500,000.00
		6-Oct-03	500,000.00
		6-Oct-03	500,000.00
		7-Oct-03	500,000.00
		7-Oct-03	500,000.00
		8-Oct-03	500,000.00
		8-Oct-03	500,000.00
		13-Oct-03	500,000.00
		14-Oct-03	500,000.00
		17-Oct-03	500,000.00
		17-Oct-03	500,000.00
		21-Nov-03	500,000.00
		22-Nov-03	500,000.00
		1-Sep-06	500,000.00
		8-Sep-06	500,000.00
		23-Mar-10	500,000.00
		30-Mar-10	500,000.00
-		6-Apr-10	500,000.00
		7-Apr-10	500,000.00
		9-Apr-10	500,000.00
		13-Apr-10	500,000.00
		1-May-10	500,000.00
		4-May-10	500,000.00
		15-Jun-10	500,000.00
			12,000,000.00



.()	) ()

(1,383,341.63)	01 , 2013 <------- --------> 01 , 2014	(1,105,780.96)
22,020.00 :		0.00
	0.00 : (12-13, 13-14, 14-15, 15-16)	73,811.00
	0.00 :	20,182.32
	0.00 : ( )	911,017.00
	0.00 :	61,274.00
2,100,000.00 :		1,550,000.00
	0.00 :	875,613.00
	0.00 :	88,000.00
1,844,459.33 :		423,386.00
	:	123,504.36
(1,105,780.96)	31 , 2014 <------- --------> 31 , 2015		0.00

146 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 147 148 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 149 150 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 151 152 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 153 154 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 155 156 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 157 158 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 159 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 . . . . . . . . . . . . . . . . . . 4 6 4 2 7 3 6 3 3 5 1 6 6 3 6 9 5 6 1 6 9 7 8 2 9 1 9 6 3 6 5 3 1 4 2 0 0 3 1 3 1 5 9 8 4 0 9 4 , , , , , , , , , , , , , , , 6 4 0 6 7 1 , , 1 4 2 7 1 3 1 2 8 4 2 2 2 4 1 0 2 9 8 1 8 3 6 9 0 1 7 5 1 2 6 2 9 6 3 . , , , 6 5 2 8 1 5 1 , , 1 3 3 3 3 0 2 . 3 3 1 3

0 0

4 4 2

2 3 7

6 8 6

3 2 5

0 8 7

2 3 4

7 1 5

4 9 8

1 8 4

1 9 4

5 6 9

0 3 9

5 2 5

0 6 1

6 7 1

6 1 1

6 1 3

6 7 4

2 3

0 7

8 5

9 1

5 1 0 2

4 6 2

5 4 3

2 4 9

9 3 1

5 6 5

8 1 5

9 8 8

4 5 4

3 0

1 6

3 3

3 6

1 3

3 2

3 5

4 5

7 5

9 4

7 0

6 0

3 2

2 0

0 0

3 9

9 2

0 9

0 0

3 9

5 8 1

5 4 8

0 7 0

4 0 2

5 1 4

6 6 5

2 3 3

1 1 5

4 5 7

5 9 8

2 4 9

8 9 2

8 6 5

4 7 8

4 6 2

4 8 7

5 1 0 2

8 4

8 9

8 1

2 1

9 1 6

9 6 7

1 8 2

0 2 1

8 7 7

0 6 0

3 0

4 7 7

1 3

0 0

2 9

0 2 2

0 4 5

0 5 6

9 6 1

7 2 7

4 4 4

3 9 3

8 3 4

5 4 1

0 7 1

3 8 7

3 7 3

8 9 6

3 2 7

2 4 8

6 3

0 2

2 1

3 2

4 4 4

6 6 1

7 0 8

3 1 7

3 2

3 5

4 5

7 5

9 4

7 0

6 0

2 0

0 9

0 0

3 9

3 2

9 2

0 0

3 9

5 6 9

5 0 3

0 2 4

2 1 1

6 4 2

9 3 8

8 8 8

6 1 3

8 9 3

2 1 1

1 0 5

6 6 5

9 1 2

8 1 1

3 5 1

2 4 9

4 1 0 2

7 4

5 7

7 1

3 8 5

5 2 3

0 6 2

7 0 1

3 5 2

2 1 6

0 6 0

4 0

1 0

3 2

3 5

4 5

7 5

9 4

7 0

6 0

3 2

2 0

0 0

3 9

9 2

0 9

0 0

3 9

9 2 4

7 7 5

6 5 7

7 2 7

5 9 1

8 9 9

9 4 8

5 0 4

5 3 2

0 9 9

9 8 7

0 6 1

8 1 1

9 8 7

3 3 5

5 2 8

0 6 2

0 0 1

1 5

6 2

0 7

4 2

5 1 0 2

4 8 8

5 1 1

3 1 3

0 9 1

1 2 7

5 6 5

9 7 5

8 3 2

9 2 2

4 6 6

3 0

1 6

0 4

1 7

1 3

0 0

.	%
		01.04.2014			/	31.03.2015	01.04.2014		/	31.03.2015	31.03.2015	31.03.2014

1	15	8,429.23	0.00	0.00	0.00	8,429.23	6,965.23	220.00	0.00	7,185.23	1,244.00	1,464.00
2	15	772,677.53	111,900.00	0.00	0.00	884,577.53	583,305.53	36,540.00	0.00	619,845.53	264,732.00	189,372.00
3	15	51,756.54	0.00	0.00	0.00	51,756.54	47,420.54	650.00	0.00	48,070.54	3,686.00	4,336.00
4	15	4,727.57	0.00	0.00	0.00	4,727.57	4,112.57	92.00	0.00	4,204.57	523.00	615.00
5	60	3,963,882.49	151,313.00	0.00	0.00	4,115,195.49	3,325,246.49	444,169.00	0.00	3,769,415.49	345,780.00	638,636.00
6	60	274,498.07	39,500.00	0.00	0.00	313,998.07	260,839.07	20,727.00	0.00	281,566.07	32,432.00	13,659.00
7	15	190,849.06	0.00	0.00	0.00	190,849.06	107,888.06	12,444.00	0.00	120,332.06	70,517.00	82,961.00
8	15	3,721,405.23	0.00	0.00	0.00	3,721,405.23	2,612,118.23	166,393.00	0.00	2,778,511.23	942,894.00	1,109,287.00
9	15	8,235.02	0.00	0.00	0.00	8,235.02	5,316.02	438.00	0.00	5,754.02	2,481.00	2,919.00
10	15	24,789.29	0.00	0.00	0.00	24,789.29	17,153.29	1,145.00	0.00	18,298.29	6,491.00	7,636.00
11	15	3,533.90	0.00	0.00	0.00	3,533.90	2,398.90	170.00	0.00	2,568.90	965.00	1,135.00
12	15	232,625.00	6,200.00	0.00	0.00	238,825.00	75,112.00	23,783.00	0.00	98,895.00	139,930.00	157,513.00
13	15	26,990.00	0.00	0.00	0.00	26,990.00	4,501.00	3,373.00	0.00	7,874.00	19,116.00	22,489.00
14	15	32,590.00	38,199.00	0.00	0.00	70,789.00	8,566.00	3,698.00	0.00	12,264.00	58,525.00	24,024.00
15		9,316,988.93	347,112.00	0.00	0.00	9,664,100.93	7,060,942.93	713,842.00	0.00	7,774,784.93	1,889,316.00	2,256,046.00

		31,262,130.00	30,303,030.00	0.00	0.00	61,565,160.00	0.00	0.00	0.00	0.00	61,565,160.00	31,262,130.00
		40,579,118.93	30,650,142.00	0.00	0.00	71,229,260.93	7,060,942.93	713,842.00	0.00	7,774,784.93	63,454,476.00	33,518,176.00
		39,622,709.93	956,409.00	-	-	40,579,118.93	6,253,219.93	807,723.00	-	7,060,942.93	33,518,176.00	33,369,490.00


31.03.14		31.03.15	31.03.15

	)
3,000,000.00	8%	3,000,000.00
	)
	5,000,000.00	5,000,000.00
21,292,718.00		17,092,718.00
17,407,930.00		27,407,930.00
20,111,595.00		16,803,782.00
12,200,000.00		2,000,000.00
	21,300,000.00	26,300,000.00
10,000,000.00		10,000,000.00
16,500,000.00		16,500,000.00
7,739,510.00		0.00
	0.00	5,000,000.00
19,750,000.00		13,800,000.00
	0.00	911,017.00
20,000,000.00		10,000,000.00
0.00		15,413,542.00
	0.00	25,000,000.00
7,000,000.00		0.00
9,500,000.00		0.00
12,587,444.00		0.00
	)
	21,900,830.23 –	75,284,905.42
225,290,027.23			269,513,894.42


	)
2,878.83 हस्‌तागत		4,856.17
5,800.00 ( -)		5,800.00
8,678.83			10,656.17
	)
	312,032.88 , , ( 2970)		352,762.88
	)
	6,235,611.94 – , - 911050048384303	2,349,090.85
(1,226,668.41)	– , - 911050048431221	(532,664.44)
	0.00	19,882.32
5,008,943.53			1,836,308.73
5,329,655.24			2,199,727.78
0.00		500,000.00
72,671.00		0.00
0.00		927.00
			500,927.00

72,671.00			500,927.00
	)


127,439.20	2006-2007	127,439.20
388,806.55	2007-2008	388,806.55
642,158.30	2008-2009	642,158.30
543,485.13	2009-2010	543,485.13
1,522,078.90	2012-2013	1,551,277.90
2,093,035.80	2013-2014	2,121,491.80
1,985,641.20	2014-2015	1,998,703.20
0.00	2015-2016	1,479,044.00

7,645.00		0.00
66,600.00		102,900.00
	0.00	14,822.00
1,676,894.20		838,438.25
658,683.00		288,112.69

9,712,467.28			10,096,679.02



20,099,433.02 ()		14,189,603.71
15,952,835.75	( )	17,820,426.35
36,052,268.77			32,010,030.06
31.03.2015
31.03.2014		31.03.2015	31.03.2015


	15,687,101.52 (// )	20,641,680.10
158,416.00		162,272.00
2,728,119.00		2,580,504.00
1,137,963.00		948,670.00
28,987,843.73		31,833,824.40
1,967,632.75		2,083,423.39
9,340,348.47 ,		10,206,355.00
8,451,314.50		9,081,782.04
	1,834,225.07	1,666,723.40
2,358,232.46		1,617,917.23
230,388.71		198,470.00
2,221,777.00		1,914,365.00
255,188.50		1,120,360.00
681,619.49	,	666,192.87
42,724.00		18,778.00
487,332.10		909,517.65
8,427.00		127,516.00
62,110.41		48,098.00
231,142.02		255,534.98
165,929.61		297,758.63
83,571.00		5,449.00
	113,252.00	86,061.00
	14,091.00 ,	9,990.00
	12,526.52	72,736.40
184,533.00		158,711.72
	0.00	1,106,294.00
	391,000.00	0.00
	0.00	8,255.00
12,582.00		206.00
77,849,390.86			87,827,445.81
31.03.2014		31.03.2015	31.03.2015




	19,018.00 .; // -	18,667.00
	() .. 100
24,600.00	()	23,465.00
	24,447.00 .; ( )	24,752.00
	19,317.00 .; (8 )	18,975.00
	1,386.00 .. (1 )	1,431.00
	11,457.00 .. (3 )	10,863.00
	17,975.00 ( / )	15,664.00

35,410.00	( )	36,067.00
	12,525.00 .. (4 )	11,965.00
12,623.00	(2 )	12,139.00
	12,750.00 .. (7 )	12,197.00
	2,341.00 ( )	2,416.00
	4,441.00 (3 )	3,621.00
	10,525.00 .. (3 )	10,864.00
	27,589.00	28,476.00
	8,533.00 ..	8,807.00
	12,861.00 ..	12,160.00
252,626.00		260,751.00
	12,461.00 , 5	12,380.00
12,788.00		12,718.00
	7,932.00	5,893.00
	13,553.00 ,	13,026.00
	13,302.00	12,767.00
	13,449.00	12,615.00
	24,227.00 . - 1 ()	24,043.00
	24,741.00 . - 4 ()	24,574.00
11,582.00		10,991.00
17,871.00	()	18,446.00
50,533.00	()	52,159.00
36,797.49		32,511.00
87,645.00 ()		90,463.00
	286,360.00 ( )	287,290.00
	1,725.00 ()	1,781.00
131,791.00 /		136,030.00
1,372,862.00		1,417,013.00
12,753,935.00 -		13,164,102.00
	147,753.00 ()	152,505.00
117,039.00		120,803.00
34,544.00		35,655.00
103,490.00		195,384.00

15,786,804.49			16,346,429.00

160 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 161 162 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 163 164 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 165 166 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     . . . . . . . . . . . . . . . . . . . . . . . . . . .
                                              .
     1 1 9 1 8 9 2 9 5 9 4 7 8 9 7 6 3 4 6 5 5 4 9 8 1 5 1
                                              6
     9 4 2 8 7 0 6 8 0 1 4 1 0 0 5 2 4 8 8 6 2 9 0 8 5 7 3
     2 9 4 7 1 1 2 0 5 2 4 0 5 7 7 1 3 7 2 6 3 5 2 1 8 6 1 1
5    , , , , , , , , , , , , , , , , , , , , , , , , , , , 4
     8 0 5 4 4 2 0 3 7 6 8 6 2 3 9 5 5 6 6 3 8 0 1 9 8 3 7 ,
1
.    3 3 2 3 2 3 0 4 2 2 6 0 0 6 6 1 3 7 1 1 4 0 3 4 2 2 4 9
3    1 1 1 1 3 1 1  9 2 2 2 2 1 1 2 1 1 4 1 1 1 1 2 7
                    ,
0                   2                         0
.                                             ,
1                                             7
3
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     . . . . . . . . . . . . . . . . . . . . . . . . . . .
                                              .
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
                                              0
     0 0 0 0 0  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0 0
     0 0 0 0 5  0  0  0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     , , , , ,  ,  ,  , , , , , , , , , , , , , , 5
     0 0 3 0 1  4  5  0 0 0 0 0 0 5 0 0 0 5 0 0 0 ,
     1 1 1 1 1  2  1  1 1 1 1 1 1 1 3 1 1 1  2 3
                                              5
                                              2
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     . . . . . . . . . . . . . . . . . . . . . . . . . . .
                                              .
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
                                              0
                                        0
                                        0     0
                                        ,     0
                                        1     ,
                                        2     1
                                              2
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
     . . . . . . . . . . . . . . . . . . . . . . . . . . .
                                              .
     6 0 0 8 6 5 7 3 6 1 1 5 7 3 4 1 7 2 1 3 4 7 5 9 7 4 5
                                              7
     2 8 6 1 7 1 0 9 1 2 5 7 6 4 7 9 6 5 3 6 6 6 6 3 9 6 6
     0 3 1 7 4 6 8 8 4 6 7 9 6 0 5 9 7 7 4 8 6 0 9 1 1 8 4 8
     , , , , , , , , , , , , , , , , , , , , , , , , , , , 2
     3 2 2 2 8 2 8 5 2 3 0 8 8 4 4 0 2 4 1 0 5 6 1 2 2 0 3 ,
     1 1 1 1 2 1    6 1 1 2 2 1 1 2 1 1 3 1 1 1 1 2 2
%                   2                         4
3                                             6
6

()

()

	01.04.2014	9.63%			31.03.15


,	135,265.00	13,026.00	0.00	10,000.00	138,291.00
, 5	128,561.00	12,380.00	0.00	10,000.00	130,941.00
..	126,269.00	12,160.00	0.00	13,000.00	125,429.00
.	132,063.00	12,718.00	0.00	10,000.00	134,781.00
.	295,702.00	28,476.00	0.00	0.00	324,178.00
	130,994.00	12,615.00	0.00	11,500.00	132,109.00
	91,455.00	8,807.00	0.00	0.00	100,262.00
	61,196.00	5,893.00	0.00	24,000.00	43,089.00
,	25,089.00	2,416.00	0.00	0.00	27,505.00
	37,598.00	3,621.00	0.00	15,000.00	26,219.00
	2,707,693.00	260,751.00	0.00	0.00	2,968,444.00
..	197,042.00	18,975.00	0.00	10,000.00	206,017.00
.. //- 2	193,841.00	18,667.00	0.00	10,000.00	202,508.00
. - 1 ()	249,666.00	24,043.00	0.00	10,000.00	263,709.00
. - 4 ( )	255,183.00	24,574.00	0.00	10,000.00	269,757.00
	114,135.00	10,991.00	0.00	10,000.00	115,126.00
	132,576.00	12,767.00	0.00	10,000.00	135,343.00
..	257,032.00	24,752.00	0.00	5,000.00	276,784.00
..	14,855.00	1,431.00	0.00	0.00	16,286.00
..	112,802.00	10,863.00	0.00	10,000.00	113,665.00
	162,661.00	15,664.00	0.00	30,000.00	148,325.00
	374,527.00	36,067.00	0.00	10,000.00	400,594.00
..	124,244.00	11,965.00	0.00	5,000.00	131,209.00
	126,049.00	12,139.00	21,000.00	10,000.00	149,188.00
..	126,654.00	12,197.00	0.00	10,000.00	128,851.00
..	112,811.00	10,864.00	0.00	0.00	123,675.00
. .. 100	243,666.00	23,465.00	0.00	20,000.00	247,131.00
	6,669,629.00	642,287.00	21,000.00	253,500.00	7,079,416.00

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 167

0 0

. . . .

. .

5 5 8

9 8 9

1 7 5

2 9 5

6 8 5

0 5 9

0 0 0

0 0 9

2 5 1

1 1 5

8 4 2

5 8 7

3 1 8

1 7 2

, , , ,

, ,

2 1 4

1 1 8

5 1

0 2

9 2 0

9 0 2

0 7 2

8 4 5

1 3 1

9 5 5

0 0 0

5 0 4

6 3 7

8 5 2

5 7 3

3 9 5

6 0 3

, , , ,

, ,

3 0

1 7 6

5 7 7

1 3 1

6 1

5 6

9 1 1

1 3

7 0 2

0 0

. . .

. . . . . .

. . .

0 0 0

0 0

0 3 0

0 0 5

5 9 2

5 2 3

0 0 5

6 9

3 6

3 0 3

6 9

6 6 3

0 3

0 0

. .

. . . . .

0 0

0 0 0 0 0

0 0

0 0 0

2 2 7

0 0 0

0 3 1

0 0 0

5 6

0 0

. . . .

. . .

. .

6 4 4

3 1 0

5 5 6

3 6 4

9 5 1

1 1 5

1 8 7

0 9 2

0 3 0

5 0 5

4 8 3

3 0 8

2 0 1

, ,

, , ,

, ,

7 4 3

5 9 7

8 1

5 3

0 9

2 5

2 3

7 8 2

6 3 1

7 1 4

2 5 1

5 9 1

0 2 1

4 6 1

, ,

4 0 5

9 9 1

3 6

3 1

3 6

5 1

0 0

. . . .

. . .

. .

3 4 5

1 8 2

2 6 5

3 7 5

8 7 8

5 4 2

7 4 6

5 0 9

5 4 4

2 9 3

6 2 6

7 9 5

0 9 4

, , ,

, ,

2 4 9

2 4 2

8 1

()

	01.04.2014	9.63%			31.03.15

()	939,392.00	90,463.00	0.00	0.00	1,029,855.00
()	541,626.00	52,159.00	0.00	0.00	593,785.00
( )	191,543.00	18,446.00	0.00	0.00	209,989.00
( )	337,597.00	32,511.00	0.00	63,295.00	306,813.00
( )	2,983,281.00	287,290.00	0.00	0.00	3,270,571.00
()	18,490.00	1,781.00	0.00	0.00	20,271.00
/	1,412,562.00	136,030.00	0.00	0.00	1,548,592.00
	14,714,573.00	1,417,013.00	0.00	0.00	16,131,586.00
-	136,698,878.00	13,164,102.00	0.00	30,303,030.00	119,559,950.00
	0.00	0.00	65,000,000.00	0.00	65,000,000.00
	157,837,942.00	15,199,795.00	65,000,000.00	30,366,325.00	207,671,412.00



()

()

	01.04.2014	9.63%			31.03.15

	370,245.00	35,655.00	0.00	0.00	405,900.00
( )	1,583,647.00	152,505.00	0.00	0.00	1,736,152.00
	2,028,905.00	195,384.00	1,130,722.00	96,500.00	3,258,511.00
	1,254,445.00	120,803.00	0.00	0.00	1,375,248.00
	5,237,242.00	504,347.00	1,130,722.00	96,500.00	6,775,811.00

4 1 0 2

168 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

31.03.2014		31.03.2015	31.03.2015


	)
	9,933.00 - .. . 56426	0.00
	2,268.00 - .. ..2970	11,585.00
	4,680.00 - .. ..2971	0.00
	433.00 – . 4553	0.00
17,314.00			11,585.00
	)
1,341,039.00		926,836.00
	0.00	149,607.00
0.00		250,103.00
914,997.00		2,023,448.00
30,323.66		0.00
1,589,502.35		1,703,547.00
	603,840.00	507,281.00
	0.00	43,039.00
1,167,856.58		1,248,897.03
1,046,270.00		751,798.00
1,946,914.00		898,857.00
1,088,114.00		135,441.00
1,939,563.00		1,706,097.00
1,133,808.42		1,052,259.58
685,924.47		200,700.00
759,612.00		0.00
14,247,764.48			11,597,910.61
	) /
1,605,018.23		2,282,293.32
	1,147,793.91 ()	3,684,375.19
	1,796,224.00	2,428,598.00
	0.00	972,200.00
1,670,929.00		1,794,893.00
297,836.63	8%	322,140.10
	86,101.41	0.00
6,603,903.18			11,484,499.61
20,868,981.66	(++)		23,093,995.22

54,797,092.64		56,929,739.42
	19,199,132.65	23,589,676.51
647,800.00		787,200.00
1,610,714.50		1,779,078.71
	1,024,695.00	1,332,017.00
77,279,434.79			84,417,711.64
.
9,962,073.48		9,942,770.65
70,000.00 /		57,500.00
10,032,073.48			10,000,270.65

19,400,844.20		23,633,142.76
880,426.98		785,366.46
	475,460.93	654,174.16
	268,369.35 ()	254,886.90
	587,707.62	0.00
	193,861.13	0.00
	0.00 - 3	248,275.73
	0.00	535,407.73
0.00		172,790.81
0.00	..	154,848.80
0.00	.	229,517.40
0.00	,	762,880.69
	0.00	221,209.44
	70,512.25	90,715.33
	416,230.13	0.00
	0.00	138,593.75
	224,550.17 -	0.00
	147,977.34 ()	0.00
	245,881.11 ()	248,465.03
	273,313.15 ()	0.00
23,185,134.36			28,130,274.99


	452,500.00 ()	400,000.00
49,977.00		14,266.00
2,595.27		0.00
266,770.00		0.00
699,177.12		0.00
2,384.00		27,825.00
1,473,403.39			442,091.00

भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 169 170 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 171

अनुसूची - द

क) लेखाओं के विषय में टिप्पणियां

1. लेखांकन प्रथा

ये लेखे ऐतिहासिक लागत आधार पर बनाए गए हैं और भारतीय सनदी लेखाकार संस्थान द्वारा जारी किए गए लागू होने वाले लेखांकन मानकों के अनुसार तैयार किए गए हैं और प्रोद्‌भवन आधार पर हैं, जब तक अन्यथा उल्लिखित न हो।

2. राजस्व मान्यता

(क) प्रवेश शुल्क :

प्रवेश शुल्क को छात्रों के दाखिल के वर्ष में आय के रूप में माना जाता है।

(ख) अंशदान शुल्क :

वर्ष के अंशदान शुल्कों को वास्तविक प्राप्ति आधार पर आय के रूप में माना जाता है।

(ग) परीक्षा शुल्क :

परीक्षा शुल्क को, परीक्षाएं आयोजित करने के आधार पर आय के रूप में माना जाता है।

(घ) अध्ययन पाठयक्रम और शिक्षण सामग्री शुल्क :

अध्ययन पाठयक्रम एवं शिक्षण सामग्री की बिक्री से प्राप्त राजस्व को अध्ययन सामग्री की बिक्री के वर्ष में आय के रूप में माना जाता है।

(ङ) संगोष्ठी शुल्क :

संगोष्ठी शुल्क को प्राप्ति के आधार पर आय माना जाता है।

(च) ब्याज देय प्रतिभूतियों और सावधि जमा धनराशियों पर हुई आय को, ऐसे निवेशों पर लागू दरों पर प्रोद्‌भवन आधार पर आय माना जाता है।

3. अलग से चिह्नित निधियों में आबंटन/अंतरण

अलग से चिह्नित निधियों के निवेशों से प्राप्त आय, भारित औसत पद्धति के आधार पर आनुपातिक रूप से अलग से चिह्नित निधियों में आबंटित की जाती है।

4. स्थिर परिसंपत्तियां और मूल्य]्रास

(क) स्थिर परिसंपत्तियों का उल्लेख, मूल्य]्रास घटा कर निकाली गई ऐतिहासिक लागत के आधार पर किया जाता है।

(ख) मूल्य]्रास का प्रावधान, अलग-अलग परिसंपत्तियों के उपयोगी जीवनकाल के आधार पर, संस्थान द्वारा यथा अनुमोदित निम्नलिखित दरों पर ]्रासित मूल्य पर किया जाता हैः

परिसंपत्ति का प्रकार ]्रासित दर

वाटर प्यूरियर 15%

एयर कंडीशनर 15%

श्रव्य सम्मेलन प्रणाली 15%

नकदी बॉक्स 15%

कंप्यूटर

60%

कंप्यूटर प्रिंटर 60%

ईपीबीएएक्स प्रणाली 15%

फर्नीचर

15%

अग्निशमन यंत्र 15%

सेफ लॉकर

15%

तोलन मशीन 15%

कार्यालय के उपकरण 15%

ऐक्वा गार्ड वाटर प्यूरिफायर 15%

व्यवसाय प्रोजेक्टर 15%172 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4 (ग) वृद्धियों पर मूल्य]्रास का प्रावधान, यथाअनुपात आधार पर किया जाता है। 5. निवेश निवेश का उल्लेख लागत आधार पर किया जाता है। 6. कर्मचारी लाभ

(क) उपदान :

यह संस्थान, उपदान देयता का प्रावधान, उपदान संदाय अधिनियम, 1972 के आधार पर करता है और यह प्रावधान बीमांकिक मूल्यांकन के आधार पर यथा अनुपात किया जाता है।

सारणी 1 अनुदान योजना लेखांकन मानक (एएस) 15 (संशोधित, 2005) के अंतर्गत बीमांकिक परिकलन 31 मार्च 2014 को यथास्थिति तुलन-पत्र में मानी गई निवल परिसंपत्ति/देयता

स्थानीय मुद्रा-रुपए

क. तुलन-पत्र में मानी गई निवल परिसंपत्ति/(देयता) - 31 मार्च, 2014

1. सुपरिभाषित लाभ दायित्व का वर्तमान मूल्य

1,856,812

-- -1,856,812 -- -1,856,812 2. योजनागत परिसंपत्तियों का उचित मूल्य 3. निधि—त स्थिति [अधिशेष/ (घाटा)] 4. अमान्यताप्राप्त पिछली सेवा लागतें 5. तुलन-पत्र में मानी गई निवल परिसंपत्ति/(देयता) 31 मार्च, 2013 को अनुमान

छूट की दर

9.00%

सारणी 2

31 मार्च, 2015 को समाप्त वर्ष के लिए कर्मचारी व्यय का विगोपन

क. कर्मचारी व्यय के घटक

1. वर्तमान सेवा लागत (पूर्णतः बीमित लाभों के लिए जोखिम संबंधी प्रीमियमों सहित) 301,963 167,113 2. ब्याज लागत - 3. योजनागत परिसंपत्तियों पर प्रत्याशित लाभ - 4. कटौती लागत/(जमा) - 5. निपटान लागत/(जमा)

- 321,232 790,308 6. पिछली सेवा लागत 7. बीमांकिक हानियां/(लाभ) 8. लाभ एवं हानि में माने गए कुल नियोक्ता व्यय 31 मार्च, 2013 को अनुमान

छूट की दर

7.98%

सारणी 3

31 मार्च, 2015 को यथास्थिति तुलन-पत्र में मानी गई निवल परिसंपत्ति/देयता

क. तुलन-पत्र में मानी गई अनुमानित निवल परिसंपत्ति/(देयता) - 31 मार्च,2015

1. सुपरिभाषित लाभ दायित्व का वर्तमान मूल्य

2,585,966

2. योजनागत परिसंपत्तियों का उचित मूल्य

3. निधि—त स्थिति [अधिशेष/(घाटा)]

-2,585,966

4. अमान्यताप्राप्त पिछली सेवा लागतें

5. तुलन-पत्र में मानी गई निवल परिसंपत्ति/(देयता)

-2,585,966

31 मार्च, 2014 को अनुमान

छूट की दर

7.98%भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 173 सारणी 4

31 मार्च, 2015 को समाप्त वर्ष में दायित्व और परिसंपत्तियों में परिवर्तन

क. सुपरिभाषित लाभ दायित्व में परिवर्तन

1. अवधि के आरंभ में परिभाषित लाभ दायित्व

2. सेवा लागत

3. ब्याज लागत

4. कटौती लागत/(जमा)

5. निपटान लागत/(जमा)

6. योजना संशोधन

7. अधिग्रहण

8. बीमांकिक हानियां/(लाभ)

9. लाभ संबंधी भुगतान

10. अवधि के अंत में डीओबी

ख. परिसंपत्यिों के उचित मूल्य में परिवर्तन

1. अवधि के आरंभ में योजनागत परिसंपत्तियों का उचित मूल्य 2. अधिग्रहण समायोजन

3. योजनागत परिसंपत्तियों पर प्रत्याशित लाभ 4. वास्तविक कंपनी अंशदान

5. बीमांकिक लाभ/(हानि)

6. लाभ संबंधी भुगतान

7. अवधि के अंत में योजनागत परिसंपत्तियों का उचित मूल्य 31 मार्च, 2014 को अनुमान

1,856,812 301,963 167,113

- 321,232 -61,154 2,585,966

- 61,154

- - 61,154

- छूट की दर 7.98%

सारणी 5

तुलन-पत्र में मानी गई निवल परिसंपत्ति/देयता का संराधन

1. अवधि के आरंभ में निवल परिसंपत्ति/(देयता) 2. कर्मचारी व्यय

3. नियोक्ता अंशदान

4. अधिग्रहण/व्यवसाय अंशदान

5. अवधि के अंत में निवल परिसंपत्ति/(देयता)

सारणी 6 -1,856,812 790,308 61,154

- -2,585,966

अनुभव संबंधी इतिहास

1. अवधि के आरंभ में परिभाषित लाभ दायित्व

2. अवधि के अंत में योजनागत परिसंपत्तियां

3. निधि—त स्थिति

4. योजनागत देयताओं पर अनुभव संबंधी समायोजन 5. योजनागत परिसंपत्तियों पर अनुभव संबंधी समायोजन ख. अनुमान

2,885,966

- -2,885,966 -140,757

ख1.1 प्रधान अनुमानों में से एक अनुमान चूक संबंधी दर है, जो देयताओं के साथ मिलने वाली शर्तों की लेखांकन तारीख को सरकारी बंगलों पर उपलब्ध बाजार लाभों पर आधारित होनी चाहिए।

174 भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) [भाग III—खण्ड 4

ख1.2 31 मार्च, 2014 और 31 मार्च, 2015 को यथास्थिति परिकलन के लिए लगाए गए वित्तीय अनुमान निम्नलिखित हैंः 31 मार्च, 2014

31 मार्च, 2015

चूक संबंधी दर 9.00 %

7.98%

परिसंपत्तियों पर प्रत्याशित लाभ 0.00%

0.00%

वेतन संबंधी वृद्धि 10.00%

10.00%

मृत्यु संख्या आईएएलएम((2006-08) अन्त्य आईएएलएम (2006-08) अन्त्य

आहरण दर

दर

जिस आयु से 31 मार्च, 2014 31 मार्च, 2015

10%

ख) छुट्टी नकदीकरणः

संस्थान ने बीमांकिक मूल्यांकन के आधार पर संचित विशेषाधिकार एवं रुग्णता छुट्टी का प्रावधान किया है।

7. प्रावधान

क) किसी प्रावधान को उस समय मान्यता दी जाती है जब किसी उद्यम के पास पिछले कार्यक्रमों के परिणामस्वरूव कोई वर्तमान दायित्व हो। इस बात की संभावना है कि ऐसे दायित्व का निपटान करने के लिए संसाधनों का निकल जाना आवश्यक होगा, जिसके संबंध में एक विश्वसनीय अनुमान लगाया जा सकता है। प्रावधानों को इसके वर्तमान मूल्य के अनुसार बट्टा—त नहीं किया जाता और इनका निर्धारण तुलन-पत्र की तारीख को दायित्वों का निपटान करने के लिए अपेक्षित सर्वोत्तम अनुमानों के आधार पर किया जाता है। इनकी समीक्षा प्रत्येक तुलन-पत्र की तारीख को की जाती है और इनका समायोजन वर्तमान सर्वोत्तम अनुमान दर्शाने के लिए किया जाता है।

ख) अन्य टिप्पणियांः

1. सोसायटी रजिस्ट्रीकरण अधिनियम, 1860 और बंबई पब्लिक ट्रस्ट अधिनियम, 1950 के अंतर्गत पंजी—त भारतीय बीमांकिक सोसायटी 09.11.2006 को विघटित हो गई थी और एएसआई की सभी परिसंपत्तियां और देयताएं ''भारतीय बीमांकिक संस्थान'' को अंतरित कर दी गई थीं, जो संसद के एक अधिनियम अर्थात ''बीमांकिक अधिनियम, 2006'' द्वारा गठित किया गया था।

2. अध्ययन सामग्रियों, प्रकाशन और लेखन-सामग्री आदि का स्टॉक संबंधित व्यय लेखा शीर्षों के अंतर्गत खरीद के वर्ष में बट्टेखाते डाला जाता है।

3. आय कर अधिनियम की धारा 10(23ग)(vi) के अंतर्गत मुख्य आय कर आयुक्त (सीसीए), मुंबई द्वारा जारी किया गया फा.

सं. सीसीआईटी/मुंब/10(23सी)(vi)/378/2013-14 दिनांक 22 सितंबर, 2013 के आदेश के अनुसरण में आय कर प्रावधान निर्धारण वर्ष 2012-13 से नहीं किए गए हैं।

4. निवेश आय का आबंटन अध्यक्ष द्वारा यथाप्रमाणित और लेखा-परीक्षकों द्वारा दर्शाए गए विश्वास के आधार पर निम्नलिखित तरीके से किया गया हैः

क = 01.04.2014 को यथास्थिति निवेश का अथशेष (़) 01.04.2014 को यथास्थिति नकदी का अथशेष और बैंक शेष ख = 31.03.2015 को यथास्थिति निवेश का अंतशेष (़) 31.03.2015 को यथास्थिति नकदी का अथशेष और बैंक शेष आई = वर्ष 2014-15 के दौरान निवेश संबंधी आय

आई = सभी निधियों में निवेश की आय के आबंटन की ब्याज दर

आई = (2 X I) / [(A+B) – I]

क = 230,619,682.47

ख = 271,713,622.20

आई = 23,093,995.22भाग III—खण्ड 4] भारत का राजपत्र, जुलाई 23, 2016 (श्रावण 1, 1938) 175 9.63%

(क़ख)-आई = 479,239,309.45 आई = टिप्पणीः निधियों में निवेश आय के आबंटन की ब्याज दर 9.63% है। 5. पिछले वर्ष के आंकड़े, जहां कहीं आवश्यक थे, को पुनः समूही—त पुनःव्यवस्थित और पुनः वर्गी—त कर दिया गया है।

ह/-

राजेश डालमिया

—ते खांडवाला एवं शाह —ते भारतीय बीमांकिक संस्थान सनदी लेखाकार ह/- प्रेमल पी. गांधी भागीदार अध्यक्ष

सदस्यता सं. 45462

मुंबईः

ह/- संजीब कुमार उपाध्यक्ष ह/-

05 सितंबर, 2015 आर. अरुणाचलम

मानद सचिव

------------

176 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

INSTITUTE OF ACTUARIES OF INDIA

ANNUAL REPORT & ACCOUNTS 2014-15

Notice for the 9th Annual General Meeting to be held on 19th September 2015 under section 13 of the Actuaries Act, 2006

All Members of the Institute

Annual General Meeting of the Institute in terms of section 13 of the Actuaries Act, 2006 will be held as under;

Date	19th September 2015
Time	3.00 pm to 4.00 pm
Venue	Institute of Actuaries of India, G S Diwan Room, 302, Indian Globe Chambers, 142, Fort Street, Fort, Mumbai 400 001.

Agenda Items:

Agenda 1: Two minutes silence to condole death of the following members, information in respect of who came to notice of the Institute after the last AGM on 28st August, 2014.

Sr. No.	Name & Membership No.	Associate/Fellow	Date of Death
1)	N R Kapadia (93)	Fellow	31st August 2014
2)	N Lakshmanan (101)	Fellow	26th September 2014
3)	Minoo R Batliwalla (13)	Fellow	13th December 2014
4)	N G Pai (130)	Fellow	16th July 2015

Agenda 2: To take on record the Minutes of the 8th Annual General Body Meeting held on 28st August, 2014.

Agenda 3: To consider and adopt the 9th Report of the Council for the year ended 31st March, 2015.

Agenda 4: To consider and adopt the Audited Accounts for the period 1st April 2014 to 31st March 2015.

Note: The notice is sent through email and posted on the website. The Agenda notes are being sent / provided separately.

R Arunachalam Honorary Secretary 05 September 2015177 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

MINUTES OF 8TH ANNUAL GENERAL MEETING

Annual General Meeting of the Institute in terms of section 13 of the Actuaries Act, 2006 was held as under;

Date	28th August 2014
Time	4.00 pm to 5.00 pm
Venue	IAI office, G S Diwan Room

The meeting was adjourned to 4:30 pm for the requirement of quorum. The adjourned meeting was conducted on schedule at the same place where no quorum was required.

Members Present

1. Mr. M Karunanidhi, President

2. Mr. A. R. Prabhu

3. Mr. Vinod Kumar

Staff Present

1. Mr. RBL Vaish , Executive Director

2. Mr. Yogesh Pandit

The President, Mr. M Karunanidhi chaired the meeting.

Agenda 1:

Two minutes silence was observed for condolence to the death of the following members;

Sr. No.	Name & Membership No.	Associate/Fellow	Date of Death
1)	R.V Joshi (89)	Fellow	27th March 2014
2)	M S Venkataraman (203)	Fellow	2nd May 2014

Agenda 2:

The minutes were taken on record.

Agenda 3:

President presented the 8th Report of the Council for year ended 31st March, 2014. He mentioned that this is his last meeting addressing them as President of the Institute. He gave a brief account of the key activities of the Institute taken up from the last AGM to the current one:

(cid:1) He informed that the Institute has been granted the Certified Enterprise Risk Actuary (CERA) award signatory status, thus becoming one of the 15 actuarial associations that offer the qualification across the world. The CERA Enterprise Risk Management credential is the most comprehensive and rigorous globally-178 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4 recognized Enterprise Risk Management (ERM) designation. We believe this is a significant development to promote the risk management skill set that actuaries bring to the table and this has much wider application beyond the traditional insurance and pension sectors.

(cid:1) The MMIC has been shifted to IIB (Insurance Information Bureau) to gain synergies in terms data collection, technology, storage and analytics. The work of IIB with regard to mortality and morbidity investigations will be guided by a committee of actuaries with representation from the Institute, IRDA and the Life Council.

(cid:1) The Govt. has constituted a quality review board as per the provisions of the Actuaries Act, 2006. The board has advised the institute to expedite institution of professional compliance monitoring in all actuarial practice areas. While some work has already been initiated, this is clearly a critical area of focus and so deserves full attention in the years to come.

Thereafter the Annual Report of the Council was adopted. The resolution was proposed by Mr. A. R. Prabhu and seconded by Mr. Vinod Kumar

Agenda 4: To consider and adopt the Audited Accounts for the period 1st April 2013 to 31st March 2014.

The President briefed the members about the finances of the Institute. He mentioned that:

i. Net Income from 16th GCA has gone up from Rs. 71.46 lacs to Rs. 138.11 lacs.

ii. Actual surplus generated during 2013-14 was increased by 102.95%.

iii. Total Expenses (other than Audit fee and Depreciation) grew by about 1.64% over previous year which is showing good control on overheads of the Institute.

Thereafter the audited accounts for the period 1st April 2013 to 31st March 2014 of the Institute of Actuaries of India were adopted.

The resolution was proposed by Mr. Vinod Kumar and seconded by Mr. A. R. Prabhu

Agenda 5: To take on record the result of the Election to the Council – 2014

The President mentioned that 7 nominations were received for filling up the 4 (four) vacancies of the Council out of which 01 (one) contestant withdrew his nomination. The elections were held as per the provisions of the Actuaries (Election to the Council) Rules, 2008 and the same were completed on 26th August, 2014. Total candidates eligible to vote were 430 and 263 ballot papers were received by 5 pm on 23rd August 2014. The percentage of voter turnout was 61.16.

Two ballot papers were rejected, thus 261 ballot papers were found to be in order.

The number of votes polled for each candidate is as under:

Sr. No.	Name	Total votes polled
1	Mr. Sanjeeb Kumar	213
2.	Mr. R. Arunachalam	189
3.	Mr. Sunil Sharma	187
4.	Mr. Dhiraj Goel	129
5.	Mr. Kewal Krishan Wadhwa	106
6.	Mr. Khushwant Pahwa	89

179 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Thus on the basis of the above the following four persons stand elected:-

1. Mr. Sanjeeb Kumar

2. Mr. R. Arunachalam

3. Mr. Sunil Sharma

4. Mr. Dhiraj Goel

The meeting ended with vote of thanks to the Chair.

PRESIDENT'S STATEMENT ON THE STATE OF THE INSTITUTE

Greetings!

I am happy to share a brief summary of the initiatives and activities during the year 2014-15.

During Global Conference of Actuaries, I highlighted that Institute would focus on key themes during this year. These were strengthening professionalism, strengthening examinations and education and increasing the transparency. I am happy to say that works on these have started and fruits would be seen in the coming year.

On the Education and Examinations front, counseling sessions continued to be offered to those failing narrowly. A workshop was held with the examiners of all subjects to identify areas for improvement in the examination paper setting in terms of ensuring consistency with regard to testing of India specific environment, conceptual & communication clarity and business knowledge. Coaching is conducted in paper CT-4 which has the lowest pass rates over last few years so that pass rates here can go up. Coaching would be extended to other papers too in future. Work is going on at the Institute on other areas of improvement which we would get to know by next year.

Professionalism has been the cornerstone of this year. APS 9 mandating compulsory CPD for all has been issued. Draft CoP guidelines have also been issued. Besides, the Institute is now quite active in filing a case on any violation by members/non-members of the Actuaries Act or of any other guidance like APS, code of conduct etc. Many of these actions are in line with the expectations of the Quality Review Board setup last year.

22 students have been admitted to our fellowship during the year taking the count of fellows to 290 as of 31.3.2015. Our student entry test ACET administered via 41centers across the country was attempted by 5389 students and 2495 of them got through.

180 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

There have been 9 seminars across different specialization areas attended by 438 members. Our flagship conference GCA added another successful year with a participation of 724 people from 11 countries.

We provided financial support to 10 students during the year through our Student Support Scheme to bright students from economically weaker sections of the society. The definition of weaker section is widened to enable more students to qualify for the scholarship.

During the year, the Research department at the Institute has taken the opportunity of undertaking external projects related to salary scales in public sector banks, taxation in life insurance. These reports are referred by various personnel in India. The team also worked on a paper on actuarial science presented at the Indian Science Congress. However, the focus of the team for some time in future would be more towards educational activities at the Institute rather than research. It is important that the basic tenets for grooming actuaries are put in place before we spent heavily on research.

There have been views expressed at different forums by stakeholders that the supply of actuaries should increase. Efforts are made to attract right talent into the profession who could progress through the examinations relatively quickly and ACET was launched for the same. However, there is more that needs to be done. Counseling and coaching are areas that have been the focus during last year and the years to come. It is important to have right entry and then a continuous support so that a student can clear the exam. The biggest challenge in this endeavor is the level of demand at the entry level. Even though the supply exists at the levels of fellow, the entry level jobs are limited. Many students leave the profession after clearing a few exams when they could not find a job rather than continuing to write and becoming a fellow. I am not aware of any person who is a qualified fellow and yet is unemployed. I am hopeful that more youngsters would qualify soon and would take up this profession.

A detailed review of controls in IT environment around data safety and security and of controls in examination department around data safety was carried out during the year. In addition, documentation of all the key processes has also been under-taken during the year.

The Council has been quite busy meeting 6 times during the year and transacting 64 agenda items.

Finally, there is always more to work and scope to improve and so voluntary contribution from members remains fundamental to continue to make progress as a profession. I would like to take this opportunity to thank all members of the Council, Committees, Advisory Groups, Working Groups, Task Forces, Examiners, those involved in the examination/education activities and the Institute staff whose efforts have kept us going.

Looking forward to yet another year of progress!

For Institute of Actuaries of India

RAJESH DALMIA

President

181 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

NINTH REPORT OF THE COUNCIL FOR THE YEAR ENDED 31.03.2015

1. ENVIRONMENT

1.1 Even though the growth in the insurance industry was muted, the excitement due to passing of the Insurance Act is quite high. There is optimism in the environment. Regulator is currently working on key regulatory changes required due to the passing of the Act. This is an opportunity to rewrite some of the regulations which is hurting the industry and all the stake holders in general. It is imperative that many of these changes may not happen immediately though it is expected that this would be taken up over the next few years as the power of changing the regulations have been taken away from the Act and has been passed on to the regulator.

1.2 The general insurance and health insurance industry continue to grow and expand their offerings. There is increased focus in the way the companies in this segment are pricing products and reserving for future liabilities and the actuarial involvement has been expanded to a large extent.

1.3 Entry level actuarial employment remains limited. The actuarial offshore units continue to contribute predominantly on this. Demand for experienced and qualified actuaries remained strong across all practice areas. There has been an increasing trend of Indian actuaries relocating for opportunities overseas.

1.4 Retirement benefit area continues to be the primary consulting domain for a number of actuaries in India. There is still large untapped potential in non-traditional areas.

2. MEMBERSHIPS

2.1 Analysis

Class Of       As on        As on       As on       As on       As on        As on       As on       As on       As on        As on       As on
Membership   31.03.2005  31.03.2006   31.03.2007  31.03.2008  31.03.2009  31.03.2010   31.03.2011  31.03.2012  31.03.2013  31.03.2014   31.03.2015
Fellows         203          213         217         220         203          216         238         246         259          278         290
Affiliates       18          23          27           18          20          16          17           21          18          19          15
Associates      136          131         135         134         132          130         137         134         124          151         158
Students
other  than     3486        5552        6200         6518        8340        10216       11786        7864        8161        8804        9846
Associates
Total           3843        5919        6579         6890        8695        10578       12178        8265        8562        9252        10309
Hon.
                 6            6           6           6           6            6           6           6           6            6           6
Fellows

Grand

3849 5925 6585 6896 8701 10584 12184 8271 8568 9258 10315 Total182 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) THE GAZETTE OF INDIA, [PART III—SEC. 4

Year to Year Membership over year 2005 to year 2015

Fellow Membership – Year 2005 to Year 2015

183 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) THE GAZETTE OF INDIA,

Associate Membership – Year 2005 to Year 2015

Membership Counts – Year 2005 to Year 2015

11786 10216 9846 8804 8340 8161 7864 6518 6200 5552 3486 151 158 136 131 135 134 132 130 137 134 124 18 23 27 18 20 16 17 21 18 19 15 278 290 238 246 259 213 217 220 216 203 203

184 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

2.2 Age wise distribution of members (other than Honorary Fellows) as at 31.03.2015

Age	Fellow	Associates	Affiliates	Student	Grand Total
less 20	0	0	0	908	908
20-24	2	2	0	3631	3635
25-29	17	32	2	2508	2559
30-34	56	15	2	1361	1434
35-39	36	14	3	664	717
40-44	47	37	2	450	536
45-49	41	26	2	325	394
50-54	15	10	0	79	104
55-59	8	4	0	25	37
60-64	10	9	2	9	30
65-69	5	5	1	3	14
70-74	12	0	0	0	12
75-79	19	2	0	1	22
80-84	11	0	0	1	12
85-90	11	1	0	0	12
>90	2	0	0	0	2
Grand Total	292	157	14	9965	10428

2.3 Deaths

The Institute reports with regret, the death of following of its members from the period from 01.08.2014 till 31.07.2015.

Sr. No.	Name & Membership No.	Associate/Fellow	Date of Death
1)	N R Kapadia (93)	Fellow	31st August 2014
2)	N Lakshmanan (101)	Fellow	26th September 2014
3)	Minoo R Batliwalla (13)	Fellow	13th December 2014
4)	N G Pai (130)	Fellow	16th July 2015

185 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

2.4 Members admitted as Fellow (MRA Route)

Member Id	Name	IFS Seminar attended on	Date of Admission
339	Mr. Shilwant Shivdani	12th – 13th June 2013	19-August-14
5168	Mr. Sourav Roy	12th – 13th June 2014	1-October-14
286	Ms. Madhura Maheshwari	13th – 14th December 2012	29-October-14
5738	Ms. Shobhna Sharma	04th – 05th December 2013	30-January-15
700	Ms. Archana Anoor	18th – 19th December 2014	30-January-15
2619	Mr. Varadaprasad Jagannathan	18th – 19th December 2014	30-January-15
484	Mr. Yogesh Agarwal	12th – 14th June 2014	19-May-15

2.5 Members qualified as Fellows from Student

MEMBER ID	NAME	ROUTE	LAST PAPER PASSED / EXEMPTED	IFS SEMINAR ATTENDED ON	DATE OF ADMISSION AS FELLOW
4992	Mr. A V Ramanan	Student	SA2 in November 2013 Examination	12th – 14th June 2014	19-July-14
8974	Mr. Saddam Hossain	Student	CA3 in MAY 2014 Examination	04th – 05th December 2013	19-July-14
739	Mr. Ashwani Kumar Arora	Student	CA3 in MAY 2014 Examination	04th – 05th December 2013	21-August-14
4607	Ms. Kruti Kamlesh Patel	Student	SA4 in MAY 2014 Examination	04th – 05th December 2013	16-September-14
18301	Mr. Hemanshu Jain	Student	SA4 in MAY 2014 Examination	04th – 05th December 2013	16-September-14
19005	Mr. Saurabh Kochrekar	Student	SA4 in MAY 2014 Examination	04th – 05th December 2013	16-September-14
3755	Mr. Gaurav Malhotra	Student	CA2 in FEB 2014 Examination	12th – 13th June 2014	16-September-14
594	Mr. Rohit Ajgaonkar	Student	CA3 in DEC 2013 Examination	12th – 13th June 2014	1-January-15
4767	Mr. Pradeep Kumar Anand	Student	CA3 in SEPT 2014 Examination	04th – 05th December 2013	1-January-15
2463	Ms. Swati Gupta	Student	CA2 in JUNE 2014 Examination	18th – 19th December 2014	9-January-15
10336	Ms. Vichitra Malhotra	Student	SA5 in MAY 2014 Examination	18th – 19th December 2014	9-January-15
4451	Mr. Abhijit Pal	Student	SA1 in NOV 2014 Examination	18th – 19th December 2014	30-January-15
1325	Mr. Supriyo Chaki	Student	SA3 in OCT 2014 Examination	18th – 19th December 2014	30-January-15
3305	Mr. Irvinder Singh Kohli	Student	CA2 in FEB 2014 Examination	18th – 19th December 2014	30-January-15
6378	Ms. Sipika Tondon Mathur	Student	CA2 in JUNE 2014 Examination	18th – 19th December 2014	17-January-15

186 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

2.6 Members admitted as Associates

Member Id	Name of the member	Date of admission
807	Mr. Dilip Kumar Arya	19th July 2014
3101	Mr. A V Karthikeyan	21st August 2014
10336	Ms. Vichitra Malhotra	21st August 2014
10557	Ms. Khushboo Hamirbasia	21st August 2014
9741	Ms. Parul Priyam	16th September 2014
2818	Mr. K T Jayasager	1st October 2014
3102	Mr. P S Karthikeyan	1st October 2014
1035	Mr. Sahil Batra	29th October 2014
6296	Mr. Tribhuvanaram Sundaramurti	29th October 2014
1509	Mr. Srikanth Chitrapu	19th November 2014
10309	Mr. Ashish Taneja	1st January 2015
5644	Mr. Anupam Sharma	1st January 2015
3187	Mr. Dhanashree Ketkar	1st January 2015
2010	Mr. Vikas Garg	1st January 2015
12270	Mr. Hemant Kumar	1st January 2015
5472	Ms. Shruti Saxena	1st January 2015
1522	Ms. Shivali Chopra	1st January 2015
1230	Mr. Sourabh Bhuwania	1st January 2015
5426	Ms. Banashree Satapathy	9th January 2015
5541	Mr. Ripudaman R Sethi	30th January 2015

187 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

3. COUNCIL & COMMITTEES / ADVISORY GROUPS

3.1 MEMBERS OF COUNCIL serving as on 5th Sept. 2015

SR	NAME	OFFICE
1	Mr. Rajesh Dalmia	President
2	Mr. Sanjeeb Kumar	Vice President
3	Mr. R Arunachalam	Honorary Secretary
4	Mr. Anup Wadhawan	Member (Nominated as per Govt. of India Notification dated 12/08/2013)
5	Mr. B A Prabhakar	Member (Nominated as per Govt. of India Notification dated 13/02/2014)
6	Ms. Pournima Gupte	Member (Nominated as per Govt. of India Notification dated 06/05/2015)
7	Mr. Chandan Khasnobis	Member
8	Mr. D. C. Chakraborty	Member
9	Mr. Dhiraj Goel	Member
10	Dr. K. Sriram	Member
11	Mr. K S Gopalakrishnan	Member
12	Mr. Liyaquat Khan	Member
13	Mr. M Karunanidhi	Member
14	Mr. Saket Singhal	Member
15	Mr. Sunil Sharma	Member

3.2 MEETINGS

From the last AGM on 28.08.2014 till 05.09.2015, the Council met six times in Mumbai on the following dates.

SR	COUNCIL MEETING DATES
1	06.09.2014
2	29.11.2014
3	01.02.2015
4	28.03.2015
5	20.06.2015
6	05.09.2015

188 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

3.3 OFFICERS

SR	NAME	OFFICE
1	Mr. Rajesh Dalmia	President
2	Mr. Sanjeeb Kumar	Vice President
3	Mr. R Arunachalam	Honorary Secretary

3.4 COMMITTEES

The committees and members as on 5th Sept. 2015 are as under;

3.4.1 External Affairs and Research Committee (under Sec 21)

Members

SR	NAME	OFFICE
1	Mr. D C Chakraborty	Chairperson
2	Mr. Saket Singhal	Member
3	Mr. Sunil Sharma	Member

Functions

1. Develop and maintain good relationship with external stakeholders including other domestic and overseas professional bodies, Statutory and Regulatory bodies and industry associations

2. Develop and maintain an effective Communication strategy – for members, media and other stakeholders 3. Publication of the 'The Actuary India', Journals, Brochures, Newsletters etc 4. Promotion of research and wider-fields activities for actuaries 5. Conduct of Global conference of Actuaries and other similar events 6. Other functions that may be assigned to this Committee from time to time by the Council189 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) The following advisory group(s) shall report to this Committee:

(cid:2) Peer, Stakeholder and International Relations (cid:2) Research and publication (cid:2) Enterprise Risk Management (cid:2) Off-shored Actuarial Functions (cid:2) Microinsurance

3.4.2 Professionalism Committee (under Sec 21)

Members

SR	NAME	OFFICE
1	Mr. Chandan Khasnobis	Chairperson
2	Mr. Saket Singhal	Member
3	Mr. M Karunanidhi	Member

Functions

1. Set up of Actuarial Standards and monitoring compliance 2. Set up of Criterion for and Issuance of Certificate of Practice (CoP) 3. Set up of criterion for Continuing Professional Development (CPD) and monitoring compliance 4. Conduct of CPD/ Professionalism/ Ethics courses/seminars 5. Other functions that may be assigned to this Committee from time to time by the Council

The following advisory group(s) shall report to this Committee:

(cid:2) Professionalism, Ethics and Conduct (cid:2) Accounting, Solvency – Insurance and Pension funds (cid:2) Social, Culture and Youth Affairs In addition, the specialization area advisory groups – Life, General, Health Care and Pensions advisory groups - will report to this Committee for matters relating to CoP, CPD and setting up of actuarial standards

3.4.3 Audit Committee (under Sec 21)

Members

SR	NAME	OFFICE
1	Dr. K. Sriram	Chairperson
2	Mr. Dhiraj Goel	Member
3	Mr. R Arunachalam	Member
4	Mr. Viren H Mehta	Member

190 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Functions

1. Appointment of internal and external auditors 2. Liaise with Committees/council to ensure closure of all audit items 3. Ensure IAI is compliant with all rules, regulations, acts etc. 4. Other functions that may be assigned to this Committee from time to time by the Council

3.4.4 Finance and Admin Committee (under Sec 21)

Members

SR	NAME	OFFICE
1	Mr. Rajesh Dalmia	Chairperson
2	Mr. Sanjeeb Kumar	Member
3	Mr. Sunil Sharma	Member

Functions

1. Develop financial budget for current year and estimated budgets for the succeeding three years. 2. Liaise with Committees, Advisory Groups and other such groups as far as it relates to finances of the Institute. 3. All matters relating to the conduct of examinations including selection of examiners /markers, honorarium, logistics, declaration of results, addressing student grievances, probing examination malpractices etc.

4. Management of financial condition including Tax matters of the Institute. Development and implementation of financial controls and accounting policies of the Institute.

5. Develop an investment policy and take decisions on investments in line with the policy Oversee the administration of the institute with regard to member service delivery and HR practices.

6. Implement the student support scheme or other similar schemes meant for welfare of the members of the Institute Other functions that may be assigned to this Committee from time to time by the Council.

3.4.5 Education Committee (under Sec 21)

Members

SR	NAME	OFFICE
1	Mr. Rajesh Dalmia	Chairperson
2	Dr. K. Sriram	Member
3	Mr. Dhiraj Goel	Member

191 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Functions

1. Review of Education policy from time to time 2. All matters relating to the conduct of examinations - selection of examiners /markers, honorarium, logistics, declaration of results, addressing student grievances, probing examination malpractices etc.

3. Enter into and manage Exemption /mutual recognition arrangements with oversees professional bodies, universities etc. 4. Conduct examination Coaching / Counseling for students 5. Conduct Capacity building and Current issues Seminars/Conferences 6. Other functions that may be assigned to this Committee from time to time by the Council

The following advisory group(s) shall report to this Committee: Examination

(cid:2) Life Insurance (cid:2) General Insurance (cid:2) Pension, other Employee benefits and Social security (cid:2) Health Care Insurance

3.4.6 Disciplinary Committee (under Sec 26)

Disciplinary Committee formed under Section 26 of Actuaries Act 2006, Effective from 18th February 2015.

Members

SR	NAME	OFFICE
1	Mr. Sanjeeb Kumar	Presiding Officer
2	CA Uttam Prakash Agarwal	Member
3	Mr. N Srinivasa Rao	Member
4	Mr. M Karunanidhi	Member
5	Mr. Chandan Khasnobis	Member

Functions of the Committee

As per Actuaries Act 2006 and the Actuaries (Procedure for Enquiry of Professional and Other Misconduct) Rules, 2008.

3.5 ADVISORY GROUPS / TASK FORCE

3.5.1 Advisory Group on Examination

Members

SR	NAME	OFFICE
1	Mr. Subhendu Bal	Chairperson
2	Mr. Ranabir Ghosh	Secretary
3	Mr. Abhay Tewari	Member
4	Mr. Bikash Choudhary	Member
5	Mr. D Sai Srinivas	Member
6	Mr. Dheeraj Mishra	Member
7	Mr. Parmod Kumar Arora	Member
8	Ms. Peuli Das	Member
9	Mr. Pravir Chandra	Member

192 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Functions

1. Review examination infrastructure and ensure high level of integrity. 2. Explore broad basing for example CT9 and CA2 examinations using external alliances and technology, if necessary. 3. Out of the box thinking on pool of examiners, creating staff actuary system and oversight of examinations delivery. 4. Ensure question papers and marking, are of high standards within the laid down framework of the Education Policy. 5. Conduct periodic meets of paper setters, examiners and markers with a view to ensuring that all stakeholders are on the same page with respect to what is expected of them.

6. To liaise and work along with UK Actuarial Profession as for as examination governance is concerned. 7. To work in sync with Task Force on Education Strategy.

3.5.2 Advisory Group on Professionalism, Ethics & Conduct

Members

SR	NAME	OFFICE
1	Mr. Abhay Tewari	Chairperson
2	Mr. Pritesh Chaubey	Secretary
3	Mr. Nick Taket	Member
4	Ms. Anuradha Lal	Member
5	Mr. Heerak Basu	Member
6	Mr. Anil Kumar Singh	Member

Functions

1. Inculcate high level of Professionalism amongst members through delivery mechanism that is effective, 2. Develop robust code of conduct, Actuarial Practice Standards and its compliance mechanism,193 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) 3. Encourage, motivate and incentivize compliance with code of conduct and Actuarial Practice Standards, 4. Advise on implementation of Disciplinary provisions within the framework of Actuaries Act 2006, that is just, fair and meets the ends of justice within the requirements of principles of public interest,

5. Run Professionalism courses that meet the requirements of the profession on its members to be ethically compliant at all times.

3.5.3 Advisory Group on Peer, Stakeholder & International Relations

Members

SR	NAME	OFFICE
1	Mr. K Subrahmanyam	Chairperson
2	Mr. Heerak Basu	Secretary
3	Mr. Akshay Pandit	Member
4	Mr. Khushwant Pahwa	Member
5	Mr. Prithesh Chaubey	Member
6	Mr. Mayur Ankolekar	Member
7	Mr. Bharat Venkataramani	Member
8	Mr. Debarshi Chatterjee	Member
9	Mr. Pankaj Kumar Tewari	Member

Functions

1. Ongoing interaction with and influencing opinion makers such as (i) CA Institute, (ii) Institute of Company Secretaries, (iii) Law Profession, (iv) Financial Services Regulators: IRDA, SEBI, RBI, (v) Industry bodies and corporate sector: FICCI, CII and others, (vi) Government.

2. Relations with International Actuarial Bodies. 3. To market the profession amongst stakeholders in skill sets of actuaries and in the immediate facilitate employment capacity of Institute members. 4. Image building of actuaries as experts and managers of risk and financial institutions. 5. To have responsibility for the conduct of Global Conference of Actuaries. 6. Identifying actuarial education support needs of countries in South Asia and Asia Pacific and facilitate delivery of the same.

3.5.4 Advisory Group on Research & Publication

Members

SR	NAME	OFFICE
1	Ms. Tania Chakrabarti	Chairperson
2	Mr. Gautam Shah	Secretary
3	Mr. Ajay Chaturvedi	Member
4	Mr. Aditya Tibrewal	Member
5	Mr. Souvik Jash	Member
6	Mr. P. K. Dinakar	Member

194 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Functions

1. To be responsible for all actuarial research including mortality, morbidity and other decrements. Loss distributions in general insurance and such other areas as may be decided by the council from time to time.

2. To be responsible for bringing out publication on various aspects of financial services industry wherein members of the profession have or may have potential interest.

3. To co-ordinate with such activities amongst other actuarial bodies.

3.5.5 Advisory Group on HRD, Administration and Finance

Members

SR	NAME	OFFICE
1	Mr. G N Agarwal	Chairperson
2	Mr. Bharat Venkataramani	Secretary
3	Mr. Mayur Ankolekar	Member
4	Mr. Prithesh Chaubey	Member
5	Mr. Parmod Kumar Arora	Member

Functions

1. Assist the Council in developing the Institute as a service organization that provides quality service to members: good member administration system, publish turn-around-time for responding to member queries,

2. Develop road map for Institute to have its own premises and take steps to acquire a suitable plot in the immediate. 3. Budgeting 4. High level integrity in financial systems and controls, 5. Ensure high level of staff motivations, adequate compensation and career path. 6. Take a view on staffing matters and advise the President accordingly.

3.5.6 Advisory Group on Social, Cultural and Youth Affairs

Members

SR	NAME	OFFICE
1	Mr. Sabyasachi Sarkar	Chairperson
2	Mr. Nidhir Gupta	Secretary
3	Ms. Harshita Gupta	Member
4	Mr. Tanay Chandra	Member
5	Ms. Suruchi Bhargava	Member
6	Mr. Avdhesh Gupta	Member
7	Ms. Aditi Sodhi	Member
8	Mr. Himanshu Bhatia	Member

195 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Functions

1. To be responsible for identifying, nurturing and facilitating performance of talents within the Institute membership, particularly the performing arts. 2. To be responsible for identifying generalized issues relating to younger members of the Institute and facilitate addressing the same. 3. To response to issues relating to younger members of the Institute that are referred to it.

3.5.7 Advisory Group on Life Insurance

Members

SR	NAME	OFFICE
1	Mr. Sanjeev Pujari	Chairperson
2	Mr. Ramakant Malpani	Secretary
3	Mr. B N Rangarajan	Member
4	Mr. Vivek Jalan	Member
5	Ms. N. M. Govardhan	Member
6	Mr. Srinivasan Parthasarathy	Member
7	Mr. Udbhav Gupta	Member
8	Mr. Kailash Mittal	Member
9	Mr. Ajay Kumar Srivastava	Member
10	Mr. Rajeev Kumar	Member

Functions

1. To be responsible for addressing issues in respect of life insurance that are referred to it or the Group considers appropriate to address and advise the Council for appropriate action.

2. To be responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in life insurance including Appointed Actuaries.

3. To design and carry out Continuing Professional Development Programmes including seminars and workshops for enhancement of skills of members. 4. To be in know of and advise the institute on emerging business and industry issues affecting life insurance industry within and outside India. 5. To be in the know of and advise the Institute on useful technical and academic developments relating to life insurance in actuarial or other relevant fields, at local or international level.

6. The long-term aim of all the activities of the LIAG should be that the Institute be recognized as a trusted body that acts, within the terms of the Actuaries Act, 2006, in the interests of the industry and of the public.

196 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

3.5.8 Advisory Group on General Insurance

Members

SR	NAME	OFFICE
1	Mr. Mehul Shah	Chairperson
2	Mr. Hiten Kothari	Secretary
3	Mr. Debarshi Chatterjee	Member
4	Ms. Priscilla Sinha	Member
5	Mr. Anurag Rastogi	Member
6	Ms. Sulochana Enjeti	Member
7	Mr. Ankur Agrawal	Member

Functions

1. To be responsible for addressing issues in respect of general insurance that are referred to it or the Group considers appropriate to address and advise the Council for appropriate action.

2. To be responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in general insurance including Appointed Actuaries

3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in general insurance.

4. To be in know of and advise the institute on emerging professional issues affecting general insurance industry within and outside India. 5. To be in know of and advise the institute on emerging business and industry issues affecting general insurance industry within and outside India. 6. To advise the Council on any regulatory or market issues that potentially may affect the status of the profession.

3.5.9 Advisory Group on Health Care Insurance

Members

SR	NAME	OFFICE
1	Mr. Vishwanath Mahindra	Chairperson
2	Ms. Raunak Jha	Secretary
3	Mr. Jagbir Sodhi	Member
4	Ms. Vibha Bagaria	Member
5	Mr. Richard Kipp	Member
6	Mr. Herbert Meister	Member
7	Mr. Rajesh S	Member
8	Mr. Biresh Giri	Member
9	Mr. Joydeep Saha	Member

197 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Functions

1. To be responsible for addressing issues in respect of Health Care Insurance that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.

2. To be responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in Health Care Insurance.

3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in Health Care Insurance.

4. To be in know of and advise the institute on emerging professional issues affecting Health Care Insurance industry within and outside India. 5. To be in know of and advise the institute on emerging business and industry issues affecting Health Care Insurance industry within and outside India. 6. To advise the Institute on any regulatory or market issues that potentially may affect the status of the profession.

3.5.10 Advisory Group on Pensions, Other Employee Benefits & Social Security

Members

SR	NAME	OFFICE
1	Mr. A D Gupta	Chairperson
2	Ms. Chitra Jaisimha	Secretary
3	Mr. Kulin Patel	Member
4	Ms. Preeti Chandrashekhar	Member
5	Mr. Kushwant Pahwa	Member

Functions

1. Creating more visibility for the practice through continuous public engagement. 2. Strengthening Public Image for the Practice by setting communication standards and creating mechanisms for information sharing. 3. Recommending to the Council an appropriate Certificate of Practice Mechanism and Standardized Valuation Reporting Formats for Consulting Actuaries. 4. Supporting Consulting Actuaries in the context of information clarity and communication issues. 5. Building Quality by updating Course Syllabus and Course Material; and issuing Actuarial Practice Standards and Guidance Notes relevant to Pensions, Employee Benefits and Social Security.

6. Building capability by conducting Pensions, Employee Benefits and Social Security specific seminars / workshops. 7. Keeping abreast of matters relating to area of Pension, Employee Benefits and Social Security, with regards to development globally in general, at level of IAA in particular and advising the council and members appropriately.

8. Creating / finding new and more areas of work for consulting actuaries.

198 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

3.5.11 Advisory Group on Enterprise Risk Management

Member

SR	NAME	OFFICE
1	Mr. B N Rangarajan	Chairperson
2	Mr. Kunj Maheshwari	Secretary
3	Mr. Varun Gupta	Member
4	Mr. Sanchit Maini	Member
5	Mr. Gautam Shah	Member
6	Mr. Prathyay Bhattacharya	Member
7	Mr. Manalur Sandilya	Member
8	Mr. Prajeesh Mukundan	Member
9	Mr. Sachin Garg	Member

Functions

1. To be responsible for addressing issues in respect of EFR that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.

2. To be responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in EFR.

3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in EFR.

4. Supporting Consulting Actuaries in the context of information clarity and communication issues. 5. To be in know of and advise the institute on emerging business and industry issues affecting EFR industry within and outside India. 6. To advise the Institute on any regulatory or market issues that potentially may affect the status of the profession.

3.5.12 Advisory Group on Accounting and Solvency- Insurance and Pension Funds

Members

SR	NAME	OFFICE
1	Mr. Satyan Jambunathan	Chairperson
2	Mr. Josh John	Secretary
3	Mr. Kulin Patel	Member
4	Mr. Heerak Basu	Member
5	Ms. Sulochana Enjeti	Member
6	Mr. Gautam Kakar	Member

199 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Functions

1. To be responsible for addressing issues in respect of EFR that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.

2. To be responsible for addressing issues in respect of insurance and pension fund Solvency (e.g. Solvency II and related developments) that are referred to it or the Group considers appropriate to address and advise the President for appropriate action.

3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in the area of its Function.

4. To be in know of and advise the institute through President on emerging professional, business and industry issues affecting members of the Institute in the area of its function.

5. To advise the President on any regulatory or market issues that potentially may affect the status of the profession in the area of its Function. 6. To be responsible for appropriate quality paper/s and presentation/s on its area of Function for the Global Conference of Actuaries.

3.5.13 Advisory Group on Microinsurance

Members

SR	NAME	OFFICE
1	Mr. Mayur Ankolekar	Secretary
2	Mr. Bharat Venkataramani	Member
3	Ms. Shubha Neelakantan	Member
4	Mr. Kamlesh Gupta	Member

Functions

1. To be responsible for addressing issues in respect of MIMF that are referred to it or the Group considers appropriate to address and advise the President/Council for appropriate action.

2. To be responsible for putting in place and reviewing Actuarial Practice standards (Guidance Notes) that are required for members of the institute who work in MIMF.

3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of members of the profession in MIMF.

4. To be in know of and advise the institute on emerging professional issues affecting MIMF industry within and outside India. 5. To be in know of and advise the institute on emerging business and industry issues affecting MIMF industry within and outside India. 6. To advise the Institute on any regulatory or market issues that potentially may affect the status of the profession.

3.5.14 Advisory Group on Global Actuarial Functions

Members

SR	NAME	OFFICE
1	Mr. Ankur Agrawal	Chairperson
2	Mr. Mani Hariharan	Member
3	Mr. Amit Mehra	Member
4	Mr. Amit Kumar	Member
5	Mr. Sandeep Patil	Member
6	Mr. Irvinder Kohli	Member
7	Mr. Srinivas Sriperumbuduri	Member
8	Mr. Sandeep Narang	Member
9	Mr. Vaibhav Tyagi	Member
10	Mr. Ankit Mittal	Member
11	Mr. Neeraj Kumar	Member

200 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Functions

1. To be responsible for addressing issues in respect of Global Actuarial Work carried out within India that are referred to it or the Group considers appropriate to address and advise the Institute for appropriate action.

2. To be responsible for examining issues that requires addressing by the IAI so as to enhance capabilities of actuarial service delivery. 3. To design and carry out Continuing Professional Development Programs including seminars and workshops for enhancement of skills of actuarial staff working in Global Actuarial Units.

4. To be in know of and advise the Institute on emerging issues affecting Global Actuarial Units within India. 5. To advise the Institute on any regulatory or market issues that potentially may affect the status of the Indian Actuarial Profession. 6. To promote India as a preferred destination for carrying out actuarial work.

4. THE EXAMINATION

4.1 Analysis of May / October Examination

Analysis of May 2014 Examination
Subject	Candidates Registered for May 2014 Examination	Candidates Appeared for May 2014 Examination	Final Pass	Final Pass (%)
CT1	1247	922	226	24.51%
CT2	821	601	85	14.14%
CT3	981	719	200	27.82%
CT4	356	245	30	12.24%
CT5	427	304	87	28.62%
CT6	391	261	91	34.87%
CT7	784	599	270	45.08%
CT8	323	204	25	12.25%
CA1	143	123	19	15.45%
ST1	68	50	6	12.00%
ST2	125	87	19	21.84%
ST4	28	20	3	15.00%
ST5	33	25	3	12.00%
ST6	16	9	4	44.44%
ST7	42	27	4	14.81%
ST8	39	31	5	16.13%
SA1	24	23	1	4.35%
SA2	53	39	2	5.13%
SA3	17	15	1	6.67%
SA4	13	11	4	36.36%
SA5	9	6	2	33.33%
SA6	6	3	0	0.00%
Total Analysis of October 2014 Examination	5946	4324	1087	25.13%
Subject	Candidates Registered for October 2014 Examination	Candidates Appeared for October 2014 Examination	Final Pass	Final Pass (%)
CT1	1386	989	247	24.97%
CT2	923	651	73	11.21%
CT3	1146	862	89	10.32%
CT4	396	245	8	3.27%
CT5	524	359	37	10.31%
CT6	456	316	22	6.96%
CT7	849	606	333	54.95%
CT8	347	212	42	19.81%
CA1	126	95	27	28.42%
ST1	78	52	7	13.46%
ST2	132	95	27	28.42%
ST4	37	24	2	8.33%
ST5	41	29	1	3.45%
ST6	20	10	2	20.00%
ST7	36	21	7	33.33%
ST8	42	27	4	14.81%
SA1	24	20	2	10.00%
SA2	54	35	2	5.71%
SA3	22	15	1	6.67%
SA4	10	6	1	16.67%
SA5	8	5	0	0.00%
SA6	9	7	2	28.57%
Total	6666	4681	936	19.99%

201 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) 202 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4 203 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

5. THE ACET

ACET 7 (December 2014)

Qualification-wise Data

Qualification-wise Data	Registered	Appeared	Pass	Pass%
Engineer	408	298	159	53.36%
Graduate	710	591	257	43.49%
HSC	1137	1041	546	52.45%
Information Technology	4	2	0	0.00%
CA,CS,ICWA,CFA	223	145	36	24.83%
MBA	254	169	63	37.28%
Others	752	607	262	43.16%
Grand Total	3488	2853	1323	46.37%

ACET 8 (June 2015)

Qualification-wise Data

Qualification-wise Data	Registered	Appeared	Pass	Pass%
Engineer	346	263	110	41.83%
Graduate	631	510	120	23.53%
HSC	1400	1283	532	41.47%
Information Technology	6	2	1	50.00%
CA,CS,ICWA,CFA	192	123	20	16.26%
MBA	237	156	34	21.79%
Others	800	670	220	32.84%
Grand Total	3612	3007	1037	34.49%

204 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) THE GAZETTE OF INDIA, [PART III—SEC. 4

Percentage of Pass – ACET7 vs. ACET8

ACET7 vs. ACET8

Total No. of Registered, Appeared and Pass – ACET7 vs. ACET8

205 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) THE GAZETTE OF INDIA,

ACET7 vs. ACET8

Percentage of Pass under Individual categories – ACET7 vs. ACET8

6. PRIZES AND AWARD

6.1. Academic Excellence

ACADEMIC EXCELLENCE AWARD FOR THE CA ALENDAR YEAR 2014
SR. NO.	ACADEMIC EXCELLENCE	SUBJ BJECT	NAME OF WINNER FOR MAY 2014	NAME OF WINNER NER FOR OCTOBER 2014
1	Tata AIA Life Academic Excellence Award	CA1 - - Actuarial Risk Mana agement	Garima Gupta (23340)	Khalid Ahmad (24627)
2	RSA Group Corporate Centre Academic Excellence Award	CA2 : Model Documentation Analysis and Reporting	Vandana Baluni (927) - February 2014	Shristy Agarwal (8057) Agarwal (8057) – June 2014 & Chinnaraja C Pandian (1498) - October 2014 October 2014
ACADEMIC EXCELLENCE AWARD FOR THE CALENDAR YEAR 2014
SR. NO.	ACADEMIC EXCELLENCE	SUBJECT	NAME OF WINNER FOR MAY 2014	NAME OF WINNER FOR OCTOBER 2014
3	Birla Sun Life Academic Excellence Award	CA3 - Communications	Adarsh Kishor Agarwal (413) - May 2014	Ashish Taneja (10309) - Sept 2014
4	Milliman Academic Excellence Award	ST1 - Health and Care Insurance	Mohit Sehgal (20779)	Sumita Maity (3734)
5	Max Life Academic Excellence Award	ST2 - Life Insurance	Khalid Ahmad (24627)	Ashish Hasija (2547)
6	Mercer Consultancy Academic Excellence Award	ST4 - Pensions & Other Employee Benefits	Sourabh Bhuwania (1230)	Two candidates passed No prize declared
7	Jardine Lyod Thompson Academic Excellence Award	ST5 – Finance & Investment - A	Vishal Grover (2230)	Vamsidhar Ambatipudi (634)
8	Jardine Lyod Thompson Academic Excellence Award	ST6 – Finance & Investment - B	Manish Kumar Gupta (2347)	Shubhankar Limaye (23242)
9	Towers Watson Academic Excellence Award	ST7 - General Insurance: Reserving & Capital Modeling	Puranjay Rajas Parchure (4561)	Parmeshwar L Shelke (5779) & Rahul Khetan (7911)
10	Late Sushil Dev Chatterjee Award	ST8- General Insurance : Pricing	Shiva Sai Venkata Aditya (23272)	Shivali Chopra (1522)
11	LIC of India Academic Excellence Award	SA1 - Health and Care Insurance	Varun Agarwal (19405)	Manish Hemnani (2554)
12	RGA Reinsurance Academic Excellence Award	SA2 - Life Insurance	Swati Gupta (2463)	Ankur Saraf (5357)
13	Munich Re India Academic Excellence Award	SA3 - General Insurance	Sipika Tandon (6378)	Supriyo Chaki (1325)
14	K A Pandit Consulting Actuary Memorial Academic Excellence Award	SA4 - Pension & Other Employee Benefits	Hemanshu Jain (18301)	Viral Rajesh Raythatha (18717)
15	Gen Re Academic Excellence Award	SA6 - Investment	No Candidate Passed	Vamsidhar Ambatipudi (634)

206 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Based on the highest marks secured in the examinations held during the year 2014 following Academic Excellence Awards were awarded during the 17th GCA at the award function held at Renaissance Mumbai Convention Centre Hotel, Mumbai on 2nd February 2015. The Prize consists of Personalized Trophy and cash prize of Rs. 10,000/- each.

207 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

ST9 - Enterprise Risk Management Academic Excellence Award

ST9 - Enterprise Risk Management Academic Excellence Award includes cheque of Rs. 25,000/- for the student/s scoring highest marks out of two examination diets (April and September).

Hannover Re Academic Excellence Award

ST9 - Enterprise Risk Management

Vamsidhar Ambatipudi (634)

Prudential Corporation Asia Academic Excellence Award for the subject SA2 - Life Insurance

Prudential Corporation Asia Academic Excellence Award for the subject SA2 - Life Insurance – This Award given to the IAI member securing the highest marks in SA2 Subject examination out of two examination diets (April/May and October/November) of a year. Thus there will not be more than one winner per year for the award. The award winner would be entitled to attend the East Asian Actuarial Conference with expenses reimbursed. After attending the EAAC the member would have to submit a report on the conference in the form prescribed by the IAI; the IAI will publish the report in the Actuary India magazine for the education of its readers.

Prudential Corporation Asia Academic Excellence Award

SA2 - Life Insurance

Mr. Ankur Saraf (5357)

7. CONFERENCE / SEMINARS AND WORKSHOPS

SR.NO	SEMINAR TITLE	EVENT START DATE	EVENT END DATE	VENUE
1	10th seminar on Current Issues in Retirement Benefits	18.09.2014	18.09. 2014	Hotel Sea Princess, Mumbai
2	2nd Workshop on Crop Insurance	19.09.2014	19.09. 2014	Bawa International, Mumbai
3	3rd Seminar on Enterprise Risk Management	10.10.2014	10.10.2014	Hotel Sea Princess, Mumbai
4	5th Leadership Development Program	20.11.2014	21.11 2014	Hotel Central Blue Stone, Gurgaon
5	10th Seminar on Current Issues in Life Assurance	29.11.2014	29.11.2014	Hotel Sea Princess, Mumbai
6	Workshop on the Financial Condition Assessment Report for General Insurance	03.12.2014	04.12.2014	Aditya Park- A Sarovar Portico Hotel, Hyderabad
7	22nd India Fellowship Seminar & LDP	18.12.2014	20.12.2014	Hotel Sea Princess, Mumbai
8	2nd Workshop on Employee Benefits (Pension)	13.03.2015	13.03.2015	The Pllazio Hotel, Gurgaon
9	2nd Capacity Building Seminar on Life Insurance: Using ALM and Predictive modeling for Risk Management	03.06.2015	03.06.2015	The Pllazio Hotel, Gurgaon
10	23rd India Fellowship Seminar & LDP	18.06.2015	20.06.2015	Hotel Sea Princess, Mumbai
11	3rd Seminar on Current Issues in General Insurance	03.07.2015	03.07.2015	Hotel Sea Princess, Mumbai
12	6th Leadership Development Program on Public Speaking	07.08.2015	07.08.2015	The Club, Mumbai
13	11th Current Issues in Pension	21.08.2015	21.08.2015	Hotel Sea Princess, Mumbai
14	4th IAI Connect	22.08.2015	22.08.2015	Karl Residency, Mumbai
15	9th Seminar on Current Issues in Health Care Insurance	25.08.2015	25.08.2015	The Plazzion Hotel, Gurgaon
16	3rd Capacity Building Seminar in Health Care Insurance	26.08.2015	26.08.2015	The Plazzion Hotel, Gurgaon

208 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

8. LIBRARY

The Library of IAI is very unique in its kind, as it has specialized collection to serve the information needs and provide guidance to those studying for actuarial examination. The library is the access point to get material for further reading in the subject of interest. Library Membership is increasing with increase in membership of IAI. Till date library membership is around 2 00 and is escalating.

8.1. CIRCULATION AND READER SERVICE

Members who want to use the library services, can mail the library membership form to [email protected] To download the Library Membership Form, click http://www.actuariesindia.org/downloads/Library_Membership_Form.pdf Members can borrow maximum two titles at a time. The duration for which a title can be kept is maximum 15 days for Mumbai based member and 21 days for outstation member.

Mumbai based members should come personally to collect the books, Out-station members can send their request through email and the book would be couriered to them.

The duration of loan can be extended by phone or e-mail or in person. Depending on the demand for the book it is reissued to the same person for 2 more weeks.

One can renew the title only one time for further 15 days before due date depending upon the demand of the same. Fine on late return is Rs. 10 per day.

One can reserve a book, which is out in circulation. As soon as the book returns to the library the person who has reserved the book will be intimated by e-mail or phone.

The documents which are for reference only can be accessed and photocopies of required part can be requested.

Members need to ensure safe return of the title to the library, failing which they will be required to bear the cost of the title or provide another fresh copy of same title to the library.

We publish book reviews of new arrivals in the library.

209 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

9. RESEARCH

9.1. PROJECTS UNDERTAKEN IN-HOUSE:

There were two important research topics undertaken by the Research department and prepared research reports. Topics include, "Life Insurance Taxation in India" and "Discount rates for Pensions- A thought process for the Indian market"; both topics were first of these kinds in the Indian market.

The paper "Life Insurance Taxation in India" covered three main aspects of taxation; taxation of profit of life insurers, service tax and policyholder's taxation and tax benefits. The topic was triggered by the fact that, interpretations and applications of relevant provisions of The Income Tax Act, 1961 based on The Insurance Act, 1938 and existing regulations by IRDA differed from company to company and also for different tax jurisdictions, leading to number of tax litigations on major issues. The paper attempts to bring in clarity of thought in the wake of all recent judgments by ITATs. The paper has also been discussed in the CILA conference held in November 2014, thereby reached out to a large section of stakeholders. A final review of the paper is in progress with Mr. R Ramakrishnan, a senior actuary and a well-known life insurance taxation expert in the market.

A work on discount rates for pensions in India has been a requirement of the benefit actuaries for a long time and the paper "Discount rates for pensions-A thought process for the Indian market" prepared by us to bring in large insights to the issue. Like other topics completed by us in the past, this one is also unique and first of this kind in the Indian market. The paper investigated as to what could be the best methodology and practice to select a discount rate in the Indian market for valuation of pension benefits within the market limitations. The paper is currently under review by Mr. G N Agarwal, who is a senior actuary and past president of the IAI.

9.2. PROJECT FACILITATED BY THE RESEARCH DEPARTMENT:

The research department has facilitated a project "Global Product design on Annuities and its taxation"; the paper prepared by Mr. D N Panigrahi an Associate Professor working in Institute of Management Technology at Nagpur. The paper covers various aspects of annuity products and taxation of annuity benefits in UK, USA and Canada. The report is published in the IAI website after reviewed by Mr. Souvik Jash, FFA, FIAI.

9.3. OTHER ACTIVITIES

The research department has played an active role in many other activities where the Indian actuarial profession is a stakeholder. This includes articles in domestic and foreign publications, participation in Indian Science Congress and presenting papers in conferences and seminars.

10. ANALYSIS OF FINANCIAL STATEMENTS 2014-2015

11. ACKNOWLEDGEMENTS

The staff at the IAI continued their hard work and demonstrated commitment of high degree in coping with ever increasing work load.

Various Committees and Advisory Groups have contributed throughout the year and brought activities to very high standards of professionalism.

Examiners and Markers have contributed to the conduct of examination which has enhanced IAI's standing as a credible professional examining body.

210 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

Report of the Auditors relating to Accounts to the Council of

Institute of Actuaries of India

INSTITUTE OF ACTUARIES OF INDIA

1) We have audited the attached Balance Sheet of Institute of Actuaries of India as at 31st March, 2015 together with Income and Expenditure Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Institute's Management. Our responsibility is to express an opinion on these financial statements based on our audit.

2) We conducted our audit in accordance with auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3) We report that:

(a) We have obtained all the information and explanations, which to the best of our knowledge and belief, were necessary for the purpose of our audit;

(b) In our opinion, accounts are maintained in conformity with the requirements of The Actuaries Act, 2006;

(c) The Balance Sheet and the Income and Expenditure Account dealt with by this report are in agreement with the books of account;

(d) In our opinion, the Balance Sheet and the Income and Expenditure Account comply with the Accounting Standards;

(e) In our opinion and to the best of our information and according to the explanations given to us, the said accounts read together with the Notes thereon, give a true and fair view in conformity with the accounting principles generally accepted in India:

(i) in the case of the Balance Sheet, of the state of affairs of Institute as at 31st March, 2015;

(ii) in the case of the Income and Expenditure Account, of the excess of Income over Expenditure for the year ended on that date.

For and on behalf of

KHANDWALA & SHAH,

Chartered Accountants,

(Firm No.105069W)

MUMBAI: 05 SEP 2015

(PREMAL P. GANDHI)

Partner

Membership No.45462

211 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

As at 31.03.14	FUNDS & LIABILITIES	Sch.	As at 31.03.15	As at 31.03.14	PROPERTY & ASSETS	Sch.	As at 31.03.15
117,602,105.43 6,669,629.00 157,837,942.00 5,237,242.00 23,734,128.05	CAPITAL AND RESERVES PRIZE AND SCHOLARSHIP FUNDS EARMARKED ENDOWMENT FUND OTHER EARMARKED FUNDS CURRENT LIABILITIES	"A" "B" "C" "D" "E"	122,801,540.12 7,079,416.00 207,671,412.00 6,775,811.00 33,447,555.16	33,518,176.00 225,290,027.23 5,329,655.24 72,671.00 9,712,467.28 36,052,268.77 1,105,780.96	FIXED ASSETS & WORK-IN- PROGRESS INVESTMENTS CURRENT ASSETS, LOANS & ADVANCES : A) CASH & BANK BALANCES B) SUNDRY DEBTORS C) LOANS & ADVANCES D) INTEREST ACCURED ON INVESTMENT IAI - MORTALITY & MORBIDITY INVESTIGATION CENTRE (MMIC)	"F" "G" "H" "I" "J" "Ja" "Ea"	63,454,476.00 2 69,513,894.42 2,199,727.78 500,927.00 10,096,679.02 32,010,030.06 0.00
311,081,046.48	Total Rs.		377,775,734.28	311,081,046.48	Total Rs.		377,775,734.28

For INSTITUTE OF ACTUARIES OF INDIA

Rajesh Dalmia Sanjeeb Kumar R Arunachalam

PRESIDENT VICE PRESIDENT HON. SECRETARY

Notes to Accounts and Significant Accounting

Policies "R"

AS PER OUR REPORT OF EVEN DATE

For KHANDWALA & SHAH

CHARTERED ACCOUNTANTS

Premal P.Gandhi

PARTNER

Membership No. 45462

PLACE :

MUMBAI

DATE :

212 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ST MARCH, 2015

Year Ended			Year Ended	Year Ended			Year Ended
31.03.2014	EXPENDITURE	Sch.	31.03.2015	31.03.2014	INCOME	Sch.	31.03.2015
77,849,390.86 120,000.00 35,000.00 807,723.00 38,240,109.33	EXPENSES OF INSTITUTE AUDIT FEES INTERNAL AUDIT FEES STATUTORY AUDIT FEES DEPRECIATION BALANCE CARRIED DOWN	"K" "F"	87,827,445.81 120,000.00 35,000.00 713,842.00 41,041,626.69	20,868,981.66 15,786,804.49	INTEREST ON INVESTMENT: ON SAVING BANK ACCOUNT AND ON F.D. WITH BANKS & PUB.CORP. Less : TRANSFERRED TO SPECIFIC FUNDS EDUCATIONAL SERVICES & EXAM.FEES MEMBERS CONTRIBUTION SEMINAR FEES OTHER INCOME	"L" " M" "N" "O" "P" "Q"	23,093,995.22 16,346,429.00
				5,082,177.17 77,279,434.79 10,032,073.48 23,185,134.36 1,473,403.39			6,747,566.22 84,417,711.64 10,000,270.65 28,130,274.99 442,091.00
117,052,223.19	Total Rs.		129,737,914.50	117,052,223.19	Total Rs.		129,737,914.50
-	TRANSFERRED TO DEVELOPMENT RESERVE FUND		65,000,000.00	38,240,109.33	BALANCE BROUGHT DOWN		41,041,626.69
38,240,109.33	EXCESS OF INCOME OVER EXPENDITURE FOR THE YEAR TRANSFD. TO GEN. RESERVES		21,041,626.69	-	TRANSFERRED FROM GENERAL RESERVE		45,000,000.00
38,240,109.33	Total Rs.		86,041,626.69	38,240,109.33	Total Rs.		86,041,626.69

213 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Notes to Accounts and Significant Accounting

Policies "R"

AS PER OUR REPORT OF EVEN DATE

For KHANDWALA & SHAH

For INSTITUTE OF ACTUARIES OF INDIA

CHARTERED ACCOUNTANTS

Premal P.Gandhi

Rajesh Dalmia Sanjeeb Kumar R Arunachalam

PARTNER

PRESIDENT VICE PRESIDENT HON. SECRETARY

Membership No. 045462

PLACE : MUMBAI

DATE :

214 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

SCHEDULES TO BALANCE SHEET AS AT 31.03.2015

As at 31.03.14

Particulars

As at 31.03.15

SCHEDULE A CAPITAL AND RESERVES

a) Capital

Capital Donated by :

325,000.00       i) Chairman Executive Committee of General Insurance Council                                  325,000.00
500,000.00       ii) General Insurance Corporation of India                                                    500,000.00
151,270.00       iii) Other Funds (Trust Fund)                                                                 151,270.00

Balance as at 31st March 2014 <------- --------> 31st March 2015

976,270.00

b) General Reserves :

79,566,154.10 Balance as at 1st April.2013 <------- --------> 1st April 2014

116,625,835.43

38,240,109.33 Add : Tfrd from Income and Expenditure Account

21,041,626.69

0.00 Add : Tfrd from Building Fund on utiliasation.

30,303,030.00

0.00 Less: Trfd to Income and Expenditure Account

45,000,000.00

1,170,428.00 Less: Trfd to Student Support Scheme

1,130,722.00

0.00 Less: GCA Gift & Momentos (15 GCA)

4,500.00

10,000.00 Less : Best Theme Award (15th GCA)

10,000.00

116,625,835.43

Balance as at 31st March 2014 <------- --------> 31st March 2015 121,825,270.12

117,602,105.43

Total Rs.

122,801,540.12

215 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

  Date             Name                                                                                                                  Amount
12-08-95           M/s Thanawala Consultancy Service                                                                                    50,000.00
13-12-95           Mr. D. Basu                                                                                                           1,000.00
27-12-95           Mr. M.C. Chakravarty                                                                                                 10,000.00
17-01-96           Mr. S.V. Ramaswamy                                                                                                    1,000.00
23-01-96           Mr. M.S. Venkataraman                                                                                                 2,000.00
01-02-96           Mr. S.P. Subhedar                                                                                                     2,500.00
23-02-96           Mr. D.K. Lodaya                                                                                                       1,000.00
26-02-96           Mr. J.L. Smith                                                                                                        2,500.00
03-03-96           Mr. D. Basu                                                                                                             100.00
19-03-96           Mr. H.L. Bhatia                                                                                                      10,000.00
19-03-96           Mr. B.P. Gupta                                                                                                        6,550.00
31-03-96           Mr. A.R. Prabhu                                                                                                       1,000.00
08-05-96           Mr. K.V.Y. Sastry                                                                                                     1,000.00
15-05-96           Mr. T. S. Swaminathan                                                                                                25,000.00
16-05-96           Ms. Archana Tripathy                                                                                                    300.00
21-05-96           Mr. S. N.Narayanan                                                                                                    3,320.00
25-06-96           M/s Thanawala Consultancy Service                                                                                     7,500.00
08-07-96           Mr. D.K. Pandit                                                                                                      10,000.00
21-08-96           Mr. M. Veerabadrian                                                                                                   1,000.00
05-12-96           Mr. V.L. Sapre                                                                                                        5,000.00
13-12-96           Mr. B.P. Gupta (L.M.)                                                                                                10,500.00

Total Rs.

151,270.00

216 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

As at 31.03.14 Particulars

As at 31.03.15 As at 31.03.15

SCHEDULE B PRIZE AND SCHOLARSHIP FUNDS :

a) Prof. G.S. Diwan Memorial/Prize/Award Fund :

(Subject SA2)

184,823.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

193,841.00

19,018.00 Add : Interest allocated during Year (Schedule (M) (a)

18,667.00

0.00 Add : Received during year

0.00

10,000.00 Less : Prize paid during the year

10,000.00

202,508.00 193,841.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

b) Prof. (Late) G.S. Diwan 100th Birth Anniversary Memorial

Education Fund (Donated by R.M. Mehta for ST1 & SA1)

239,066.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    243,666.00
 24,600.00       Add : Interest allocated during Year (Schedule (M) (a)                                              23,465.00
 20,000.00       Less : Prize paid during the year                                                                   20,000.00
243,666.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               247,131.00

c) Prof. G.S. Diwan Memorial Scholarship Fund : (SA6)

(For Research Project)

237,585.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                     257,032.00
 24,447.00       Add : Interest allocated during Year (Schedule (M) (a)                                              24,752.00
  5,000.00       Less : Prize paid during the year                                                                    5,000.00
257,032.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               276,784.00

217 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

d) Prof. Diwan Birth Centenary Education Fund (For Subject CT8)

187,725.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

197,042.00

19,317.00 Add : Interest allocated during Year (Schedule (M) (a)

18,975.00

0.00 Add : Received during year

0.00

10,000.00 Less : Prize paid during year

10,000.00

206,017.00 197,042.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

e) K.R. Talpade Memorial Scholarship Endowment Fund :

13,469.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                      14,855.00
 1,386.00       Add : Interest allocated during Year (Schedule (M) (a)                                               1,431.00
14,855.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                                16,286.00

f) H.V. Krishnamurthy Prize Fund : (For Subject CT3)

111,345.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

112,802.00

11,457.00 Add : Interest allocated during Year (Schedule (M) (a)

10,863.00

0.00 Add : Prize fund recevied during the year

0.00

10,000.00 Less : Prize paid during the year

10,000.00

113,665.00 112,802.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

g) Shanti Trust Endowment Fund : (For Best Research/Article by Member)Actuary India

174,686.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    162,661.00
 17,975.00       Add : Interest allocated during Year (Schedule (M) (a)                                              15,664.00
 30,000.00       Less : Prize paid during the year                                                                   30,000.00
162,661.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               148,325.00

218 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

h) Canada Life Scholarship Endowment Fund : (For Subject SA4)

344,117.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

374,527.00

35,410.00 Add : Interest allocated during Year (Schedule (M) (a)

36,067.00

0.00 Add : Prize fund recevied during the year

0.00

5,000.00 Less : Prize paid during the year

10,000.00

400,594.00 374,527.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

i) K.A. Pandit Memorial Prize Fund : (For Subject ST4)

121,719.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

124,244.00

12,525.00 Add : Interest allocated during Year (Schedule (M) (a)

11,965.00

0.00 Add : Prize fund recevied during the year

0.00

10,000.00 Less : Prize paid during the year

5,000.00

131,209.00 124,244.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

j) Janardhan Pundlik Nerurkar Prize Fund : (For Sub. ST2)

122,676.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

126,049.00

12,623.00 Add : Interest allocated during Year (Schedule (M) (a)

12,139.00

750.00 Add : Received during year

21,000.00

10,000.00 Less : Prize paid during the year

10,000.00

149,188.00 126,049.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

1,806,719.00

Balance C/fd

1,891,707.00

219 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

As at 31.03.14 Particulars

As at 31.03.15 As at 31.03.15

1,806,719.00

Balance B/fd

1,891,707.00

k) Prof. R.M. Joshi Prize Fund : (For Subject CT7)

123,904.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

126,654.00

12,750.00 Add : Interest allocated during Year (Schedule (M) (a)

12,197.00

0.00 Add : Received during the year

0.00

10,000.00 Less : Prize paid during the year

10,000.00

128,851.00 126,654.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

l) Peter Akers Research Fund : (For Life Insurance)

22,748.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                      25,089.00
 2,341.00       Add : Interest allocated during Year (Schedule (M) (a)                                               2,416.00
25,089.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                                27,505.00

m) Peter Akers Prize Fund (For Subject ST7)

43,157.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

37,598.00

4,441.00 Add : Interest allocated during Year (Schedule (M) (a)

3,621.00

0.00 Add : Received during the year

0.00

10,000.00 Less : Prize paid during the year

15,000.00

26,219.00 37,598.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

n) J. R. Joshi Prize Fund : (For Subject CA3)

102,286.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

112,811.00

10,525.00 Add : Interest allocated during Year (Schedule (M) (a)

10,864.00

0.00 Add : Received during the year

0.00

0.00 Less : Prize paid during the year

0.00

123,675.00 112,811.00 Balance as at 31st March 2014 <------- --------> 31st March 2015220 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

o) Late Meena Sidhwani Act. Edu. Fund

(Award for completing fellowship within 4.5 years)

268,113.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

295,702.00

0.00 Add : Received during the year

0.00

27,589.00 Add : Interest allocated during Year (Schedule (M) (a)

28,476.00

0.00 Less : Prize paid during the year

0.00

324,178.00 295,702.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

p) Late R.M. Mehta Memorial Fund

82,922.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

91,455.00

8,533.00 Add : Interest allocated during Year (Schedule (M) (a)

8,807.00

0.00 Add : Received during the year

0.00

0.00 Less : Prize paid during the year

0.00

100,262.00 91,455.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

q) Late A S Gupta Prize Fund (For ACET Exam Topper June/July batch)

124,983.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    126,269.00
 12,861.00       Add : Interest allocated during Year (Schedule (M) (a)                                              12,160.00
 11,575.00       Less : Prize paid during the year                                                                   13,000.00
126,269.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               125,429.00

r) Principal PNB Life Insurance Co. Ltd (For Completion Associateship within 3

year)

2,455,067.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

2,707,693.00

252,626.00 Add : Interest allocated during Year (Schedule (M) (a)

260,751.00

0.00 Add : Received during the year

0.00

0.00 Less : Prize paid during the year

0.00

2,968,444.00 2,707,693.00 Balance as at 31st March 2014 <------- --------> 31st March 2015221 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

s) Kamal Kumar Noranglal Podar Prize Fund (For Subject ST5)

121,100.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

128,561.00

0.00 Add : Received during the year

0.00

12,461.00 Add : Interest allocated during Year (Schedule (M) (a)

12,380.00

5,000.00 Less : Prize paid during the year

10,000.00

130,941.00 128,561.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

t) Late D. Basu Prize Fund (ST6)

124,275.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

132,063.00

0.00 Add : Received during the year

0.00

12,788.00 Add : Interest allocated during Year (Schedule (M) (a)

12,718.00

5,000.00 Less : Prize paid during the year

10,000.00

134,781.00 132,063.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

u) Late Sushil Dev Chatterjee Fund (ST8 - Acadamic Excellance)

77,089.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

61,196.00

7,932.00 Add : Interest allocated during Year (Schedule (M) (a)

5,893.00

23,825.00 Less : Prize paid during the year

24,000.00

0.00 Add : Received during the year

0.00

43,089.00 61,196.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

v) Atma Ram, Chhaju Ram & Parvati Devi Mem Sch Fund (CT2)

131,712.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    135,265.00
 13,553.00       Add : Interest allocated during Year (Schedule (M) (a)                                              13,026.00
 10,000.00       Less : Prize paid during the year                                                                   10,000.00
135,265.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               138,291.00

222 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

w) The Future Actuary Prize Fund (CA1)

129,274.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    132,576.00
 13,302.00       Add : Interest allocated during Year (Schedule (M) (a)                                              12,767.00
 10,000.00       Less : Prize paid during the year                                                                   10,000.00
132,576.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                               135,343.00

x) Late Mrs. Jaya & Mrs. Kalpa N Parikh (For ACET Exam Topper Dec/Jan

batch)

130,695.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

130,994.00

13,449.00 Add : Interest allocated during Year (Schedule (M) (a)

12,615.00

0.00 Add : Received during the year

0.00

13,150.00 Less : Prize paid during the year

11,500.00

132,109.00 130,994.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

y) Shri R Krishnaswamy Prize Fund - CT1

235,439.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

249,666.00

0.00 Add : Received during the year

0.00

24,227.00 Add : Interest allocated during Year (Schedule (M) (a)

24,043.00

10,000.00 Less : Prize paid during the year

10,000.00

263,709.00 249,666.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

z) Shri R Krishnaswamy Prize Fund - CT4

240,442.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

255,183.00

0.00 Add : Received during the year

0.00

24,741.00 Add : Interest allocated during Year (Schedule (M) (a)

24,574.00

10,000.00 Less : Prize paid during the year

10,000.00

269,757.00 255,183.00 Balance as at 31st March 2014 <------- --------> 31st March 2015223 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

aa) Smt. Vidhyawati & Smt. Santosh Kumari Mem Sch. Fund (CT5)

112,553.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

114,135.00

0.00 Add : Received during the year

0.00

11,582.00 Add : Interest allocated during Year (Schedule (M) (a)

10,991.00

10,000.00 Less : Prize paid during the year

10,000.00

115,126.00 114,135.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

6,669,629.00

Total Rs.

7,079,416.00

As at 31.03.14 Particulars

As at 31.03.15 As at 31.03.15

SCHEDULE C EARMARKED ENDOWMENT FUNDS :

a) Swiss Re :

173,672.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

191,543.00

0.00 Less : Exps. for Purchase of Library Books

0.00

17,871.00 Add : Interest allocated during Year (Schedule (M) (b)

18,446.00

209,989.00 191,543.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

b) Swiss Re : (Furniture)

491,093.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

541,626.00

0.00 Less : Exps. for Purchase of Moduler Furniture

0.00

50,533.00 Add : Interest allocated during Year (Schedule (M) (b)

52,159.00

593,785.00 541,626.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

c) Standard Life : (UK)

357,606.51       Balance as at 1st April.2013 <------- --------> 1st April 2014                                    337,597.00
 36,797.49       Add : Interest allocated during Year (Schedule (M) (b)                                             32,511.00
 56,807.00       Less : Purchase of Library Books                                                                   63,295.00
337,597.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                              306,813.00

224 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

d) Standard Life : (Furniture)

851,747.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

939,392.00

0.00 Less : Exps. for Purchase of Moduler Furniture

0.00

87,645.00 Add : Interest allocated during Year (Schedule (M) (b)

90,463.00

1,029,855.00 939,392.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

e) Prudential Corporation Asia Ltd. (Highest Mark in a Year-EAAC Conference)

2,782,898.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

2,983,281.00

286,360.00 Add : Interest allocated during Year (Schedule (M) (b)

287,290.00

85,977.00 Less :Highest mark in SA2 for the year

0.00

3,270,571.00 2,983,281.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

f) HDFC :

16,765.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

18,490.00

0.00 Less : Paid for Publication of Actuarial Directory

0.00

1,725.00 Add : Interest allocated during Year (Schedule (M) (b)

1,781.00

20,271.00 18,490.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

g) CPD / Research :

1,280,771.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

1,412,562.00

131,791.00 Add : Interest allocated during Year (Schedule (M) (b)

136,030.00

1,548,592.00 1,412,562.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

h) GCA & Research Fund :

13,341,711.00       Balance as at 1st April.2013 <------- --------> 1st April 2014                                 14,714,573.00
 1,372,862.00       Add : Interest allocated during Year (Schedule (M) (b)                                          1,417,013.00
14,714,573.00       Balance as at 31st March 2014 <------- --------> 31st March 2015                                                           16,131,586.00

i) Building Fund :

123,944,943.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

136,698,878.00

0.00 Add : Set aside of earlier years now transferred from General Reserve

0.00

12,753,935.00 Add : Interest allocated during Year (Schedule (M) (b)

13,164,102.00

0.00 Less: Transferred to General Reserve on utilisation

30,303,030.00

119,559,950.00 136,698,878.00 Balance as at 31st March 2014 <------- --------> 31st March 2015225 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

j) Development Reserve Fund :

0.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

0.00

65,000,000.00

0.00 Add : Set aside during the year

65,000,000.00 0.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

157,837,942.00

Total Rs.

207,671,412.00

SCHEDULE D OTHER EARMARKED FUNDS :

a) Life Insurance Corporation of India

1,435,894.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

1,583,647.00

147,753.00 Add : Interest allocated during Year (Schedule (M) (c)

152,505.00

1,736,152.00 1,583,647.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

b) ICICI :

1,137,406.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

1,254,445.00

117,039.00 Add : Interest allocated during Year (Schedule (M) (c)

120,803.00

1,375,248.00 1,254,445.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

c) Employees Relief Fund :

335,701.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

370,245.00

0.00 Add : Received during the year

0.00

34,544.00 Add : Interest allocated during Year (Schedule (M) (c)

35,655.00

0.00 Less : Amount paid during the year

0.00

405,900.00 370,245.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

d) Students Support Scheme

1,005,737.00 Balance as at 1st April.2013 <------- --------> 1st April 2014

2,028,905.00

1,170,428.00 Add : Transferred from General Reserve

1,130,722.00

103,490.00 Add : Interest allocated during Year (Schedule (M) (c)

195,384.00

250,750.00 Less : Amount paid during the year

96,500.00

3,258,511.00 2,028,905.00 Balance as at 31st March 2014 <------- --------> 31st March 2015

5,237,242.00

Total Rs.

6,775,811.00

226 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

SCHEDULE E CURRENT LIABILITIES & PROVISIONS

Sundry Creditors

     0.00     Acme Packes and Prints (I) Pvt Ltd                                                          253,871.00
66,262.11     Blue Dart Express Ltd                                                                        39,549.00
     0.00     B M Shemlani & Co                                                                             7,500.00
 2,806.00     CPC (Cutprintcost)                                                                            2,378.00
     0.00     Crystal Magazine Serivces                                                                       756.00
93,022.00     Daksha copy Centre                                                                          101,657.00
53,995.00     Director, Mumbai GPO                                                                         15,855.00
     0.00     D J Jatakia                                                                                   3,000.00
     0.00     Global Maintenance Sevices                                                                   11,634.00
     0.00     Hotel Sea Princess                                                                           20,853.00
35,826.00     Khandawala & Shah                                                                            61,125.00
     0.00     Liberty Event Management                                                                      3,898.00
     0.00     Mass Mailing Services                                                                         8,445.00
     0.00     M/s. K A Pandit                                                                               3,000.00
     0.00     P D Audio Vision                                                                              4,966.00
     0.00     Saifee Stationery Stores                                                                      2,235.00
     0.00     Tata Communications                                                                         373,980.00
     0.00     Thomascook.in                                                                                80,268.00
19,600.00     Webex                                                                                        11,036.00
     0.00     X-Mens Serives Bureau Pvt Ltd                                                                13,243.00
     0.00     YMCA Internaltion House                                                                     283,102.00              1,302,351.00

227 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

Amount Recd. In Advance

3,677,427.42 Entrance Exam

3,771,716.66

0.00 ST9 Course fees

116,500.00

9,084,166.47 Exam Fess May 2014

0.00

0.00 Exam Fess May 2015

13,529,584.71

600.00 XL India P Ltd

0.00

3,333.00 RSA Actuarial Services I Pvt Ltd

3,333.00

200.00 KPMG GLOBAL SERVICES PVT LTD

0.00

0.00 CA3 Communication Course

819,999.92

1,110,109.00 CT9 Online Exam Fees

1,533,134.56 19,774,268.85 Duties & Taxes

1,027,376.00 TDS Payable

330,123.00

0.00 Service Tax Payable under Reverse Charge Machanism

68,266.00

300.00 Profession Tax Payable

0.00 398,389.00 Other Liability

425,684.05 Deposit Refundable (IAI Members)

445,471.69

1,856,812.00 Gratuity Liability

2,585,966.00

1,754,916.00 Leave Encashment Liability

2,423,896.00

0.00 Insurance Information Buearu

123,504.36

12,582.00 Liability - Interest on TDS

12,582.00

391,000.00 Liability - Interest on EPF

391,000.00

11,000.00 Excess TDS Deducted Refundable

0.00

4,107,111.00 Outstanding Liability

5,990,126.26 11,972,546.31 23,734,128.05

Total Rs.

33,447,555.16

228 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

SCHEDULE E(a) IAI - MMIC FUND ( FORMER NAME MMIB ) - LIST OF CONTRIBUTORS

Name

Date Amount

Insurance Regulatary & Development Authority 06-Oct-03 500,000.00
HDFC Standard Life Insurance Co. Ltd. 06-Oct-03 500,000.00
Aviva Life Insurance Co. Ltd. 06-Oct-03 500,000.00
Birla Sunlife Insurance Co. Ltd. 07-Oct-03 500,000.00
AMP Sanmar Assurance Co. Ltd. 07-Oct-03 500,000.00
ING Vysya Life Insurance Co. Ltd. 08-Oct-03 500,000.00
Allianz Bajaj Life Insurance Co. Ltd. 08-Oct-03 500,000.00
ICICI Prudential Life Insurance Co. Ltd. 13-Oct-03 500,000.00
Tata AIG Life Insurance Co. Ltd. 14-Oct-03 500,000.00
OM Kotak Mahindra Life Insurance Co. Ltd. 17-Oct-03 500,000.00
Max New York Life Insurance Co. Ltd. 17-Oct-03 500,000.00
Met Life India Insurance Co. Ltd. 21-Nov-03 500,000.00
Life Insurance Corporation of India 22-Nov-03 500,000.00
Bharti AXA Life Insurance Co. Ltd 01-Sep-06 500,000.00
Shriram Life Insurance Co. Ltd 08-Sep-06 500,000.00
Aegon Religare Life Insurance Co. Ltd. 23-Mar-10 500,000.00
SBI Life Insurance Co. Ltd. 30-Mar-10 500,000.00
Star Union Dai-ichi Llife Insurance Co. Ltd. 06-Apr-10 500,000.00
Canara HSBC Life Insurance Co. Ltd 07-Apr-10 500,000.00
Future Generali India Insurance Co. Ltd. 09-Apr-10 500,000.00
DLF Pramerica Life Insurance Co. Ltd 13-Apr-10 500,000.00
IDBI Forties Life Insurance Co. Ltd. 01-May-10 500,000.00
India First Life Insurance Co. Ltd 04-May-10 500,000.00
Sahara India Life Insurance Co. Ltd. 15-Jun-10 500,000.00

Total Rs.

12,000,000.00

229 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

SCHEDULE E(a) a) MMIC (Formerly - MMIB)

(1,383,341.63) Balance as at 1st April.2013 <------- --------> 1st April 2014

(1,105,780.96)

22,020.00 Add: Income Tax Refund

0.00

0.00 Add: TDS (AY: 12-13, 13-14, 14-15, 15-16)

73,811.00

0.00 Add: Bank Account transfer to IAI A/c.

20,182.32

0.00 Add: Fixed Deposit with SB of Hyderabad ( MMIC ) transfer to IAI a/c 911,017.00

0.00 Add: Accrued Interest transfer to IAI A/c.

61,274.00

2,100,000.00 Add: Amount received during the year

1,550,000.00

0.00 Less: Amount transfer to MMIC A/c

875,613.00

0.00 Less: Amount transfer to MMIC A/c

88,000.00

1,844,459.33 Less : Expenses incurred by IAI

423,386.00

Less : Amount transferred to Insurance Information Buearu

123,504.36

(1,105,780.96) Balance as at 31st March 2014 <------- --------> 31st March 2015

0.00 SCHEDULE G

INVESTMENTS

a) In Bonds of

3,000,000.00 8% Saving Govt. Bond

3,000,000.00

b) In Fixed Deposit with

 5,000,000.00      State Bank of Bikaner & Jaipur                                                          5,000,000.00
21,292,718.00      HDFC Ltd.                                                                              17,092,718.00
17,407,930.00      IDBI Bank Ltd.                                                                         27,407,930.00
20,111,595.00      Karnataka Bank Ltd.                                                                    16,803,782.00
12,200,000.00      DBS Bank Ltd                                                                            2,000,000.00
21,300,000.00      LIC Housing Finance Ltd                                                                26,300,000.00
10,000,000.00      Canara Bank                                                                            10,000,000.00
16,500,000.00      HUDCO                                                                                  16,500,000.00

230 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

7,739,510.00 Oriental Bank of Commerce

0.00

0.00 Axis Bank Ltd

5,000,000.00

19,750,000.00 Union Bank of India

13,800,000.00

0.00 State Bank of Hyderabad

911,017.00

20,000,000.00 Vijaya Bank

10,000,000.00

0.00 Dena Bank

15,413,542.00

0.00 PNB Hosing finance Ltd

25,000,000.00

7,000,000.00 Bank of India

0.00

9,500,000.00 Punjab National Bank

0.00

12,587,444.00 State Bank of Patiala

0.00

c) In Mutual Funds

21,900,830.23 LIC Liquid Plus Fund - Growth Option

75,284,905.42

225,290,027.23

Total Rs.

269,513,894.42

SCHEDULE H CASH AND BANK BALANCES

a) Cash Balances

2,878.83      Cash on Hand                                                                                  4,856.17
5,800.00      Cash (Petty Cash)                                                                             5,800.00

8,678.83

10,656.17 b) Bank Balances in Saving Account with

312,032.88 Bank of India, D.N. Road, Fort (A/c No. 2970)

352,762.88 c) Bank Balances in Current Account with

6,235,611.94 Axis Bank Ltd - D N. Road, Current Account- 911050048384303

2,349,090.85

(1,226,668.41) Axis Bank Ltd - D N. Road, Current Account- 911050048431221

(532,664.44)

0.00 State Bank of Hyderabad

19,882.32

5,008,943.53

1,836,308.73 5,329,655.24

Total Rs.

2,199,727.78

231 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

SCHEDULE I SUNDRY DEBTORS

0.00 New India Assurance

500,000.00

72,671.00 Swiss Re

0.00

0.00 Kushwant Pahwa

927.00

500,927.00 72,671.00

Total Rs.

500,927.00

SCHEDULE J LOANS & ADVANCES

a) LOANS AND ADVANCES :

Tax deducted at Source Receivable

127,439.20 Assessment Year 2006-2007

127,439.20

388,806.55 Assessment Year 2007-2008

388,806.55

642,158.30 Assessment Year 2008-2009

642,158.30

543,485.13 Assessment Year 2009-2010

543,485.13

1,522,078.90 Assessment Year 2012-2013

1,551,277.90

2,093,035.80 Assessment Year 2013-2014

2,121,491.80

1,985,641.20 Assessment Year 2014-2015

1,998,703.20

0.00 Assessment Year 2015-2016

1,479,044.00

7,645.00 Telephone Deposit

0.00

66,600.00 Electricity Deposit

102,900.00

0.00 Insurance Information Bureau of India

14,822.00

1,676,894.20 Prepaid Expenses.

838,438.25

658,683.00 Service Tax Input Credit

288,112.69

9,712,467.28

Total Rs.

10,096,679.02

232 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

SCHEDULE Ja INTEREST ACCURED ON INVESTMENT

20,099,433.02       Interest on fixed deposit accrued but not due (with Banks)                                     14,189,603.71
15,952,835.75       Interest on fixed deposit accrued but not due (with Public Corporation & others)               17,820,426.35

36,052,268.77

Total Rs.

32,010,030.06

SCHEDULES TO INCOME AND EXPENDITURE FOR THE YEAR ENDED 31.03.2015

Particulars

Current Year

Ended 31.03.15

Current Year

Ended 31.03.15

Previous Year

Ended

31.03.14 SCHEDULE

K EXPENSES OF THE INSTITUTE

15,687,101.52 Salaries (Includes Bonus/Gratuity/Leave encashment) 20,641,680.10

158,416.00 Staff Welfare

162,272.00

2,728,119.00 Office Rent

2,580,504.00

1,137,963.00 Electricity Charges

948,670.00

28,987,843.73 Examination Expenses

31,833,824.40

1,967,632.75 Study Material Expenses

2,083,423.39

9,340,348.47 Royalty for UK, London

10,206,355.00

8,451,314.50 Seminar Expenses

9,081,782.04

1,834,225.07 Actuary India Magzine Expenses

1,666,723.40

2,358,232.46 Meeting Expenses

1,617,917.23

230,388.71 Insurance Premium

198,470.00

2,221,777.00 Legal & Professional Charges

1,914,365.00

255,188.50 Printing and Stationary

1,120,360.00

681,619.49 Postage, Courier & Telephone Charges

666,192.87

42,724.00 Travelling & Conveyance

18,778.00233 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

487,332.10   Repairs & Maintanance                                                         909,517.65
  8,427.00   Staff Training                                                                127,516.00
 62,110.41   Bank Charges                                                                   48,098.00
231,142.02   Membership & Subscription Fees                                                255,534.98
165,929.61   Office & General Expenses                                                     297,758.63
 83,571.00   Staff Recruitment Fees                                                          5,449.00
113,252.00   Software MTS Expenses                                                          86,061.00
 14,091.00   Research , Development & Promotion Expenses                                     9,990.00
 12,526.52   Sundry Balance Written Off                                                     72,736.40
184,533.00   Education Promotion & Marketing                                               158,711.72
      0.00   Service Tax Expenses                                                        1,106,294.00
391,000.00   Interest on EPF                                                                     0.00
      0.00   Interest on Service Tax                                                         8,255.00
 12,582.00   Interest of TDS                                                                   206.00

77,849,390.86

Total Rs.

87,827,445.81

SCHEDULE

M INTEREST ALLOCATED TO SPECIFIC FUNDS

19,018.00   Prof. G.S. Diwan Prize Memorial/Prize/Award Fund - SA2                          18,667.00
            Prof.(Late) G.S.Diwan 100th Birth Anniversary Memorial Edu.Fund
24,600.00   (Donated by R.M. Mehta)                                                         23,465.00
24,447.00   Prof. G.S. Diwan Memorial Scholarship Fund (For Research Project)               24,752.00
19,317.00   Prof. G.S.Diwan Birth Centenary Education Fund (For Subject CT8)                18,975.00
 1,386.00   K.R.Talpade Memorial Scholarship Endowment Fund (For Subject CT1))               1,431.00
11,457.00   H.V. Krishnamurthy Prize Fund (For Subjcet CT3)                                 10,863.00
            Shanti Trust Endowment Fund
17,975.00   (For Best Research / Article by Member)                                         15,664.00

234 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

             Canada Life Scholarship Endowment Fund
 35,410.00   (For Successful Associates & Fellows)                                            36,067.00
 12,525.00   K.A. Pandit Prize Fund (For Subject ST4)                                         11,965.00
 12,623.00   Janardhan Pundlik Nerulkar Prize Fund (For Subject ST2)                          12,139.00
 12,750.00   Prof. R.M. Joshi Prize Fund (For Subject CT7)                                    12,197.00
  2,341.00   Peter Aker Research Prize Fund (For Life Insurance)                               2,416.00
  4,441.00   Peter Aker Prize Fund (For Subject ST3)                                           3,621.00
 10,525.00   J.R. Joshi Prize Fund (For Subject CA3)                                          10,864.00
 27,589.00   Late Meena Sidhwani Actuarial Education Fund                                     28,476.00
  8,533.00   Late R.M. Mehta Memorial Fund                                                     8,807.00
 12,861.00   Late A S Gupta Prize Fund                                                        12,160.00
252,626.00   Principal PNB Life Insurance Co. Ltd                                           260,751.00
 12,461.00   Kamal Kumar Noranglal Podar Prize Fund for ST5                                   12,380.00
 12,788.00   Late D. Basu Prize Fund                                                          12,718.00
  7,932.00   Late Sushil Dev Charterjee Fund                                                   5,893.00
 13,553.00   Aatmaram, Chajuram & Parvati Devi Memorial Scholarship Fund                      13,026.00
 13,302.00   The Future Actuary Prize Fund                                                    12,767.00
 13,449.00   Late Mrs. Jaya & Miss Kalpa N. Parikh                                            12,615.00
 24,227.00   R Krishnaswamy Prize Fund - CT1 (Find. Math)                                     24,043.00
 24,741.00   R Krishnaswamy Prize Fund - CT4 (Models)                                         24,574.00
 11,582.00   Smt. Vidhyawati & Smt. Santosh Kumari Memorial Scholarship Fund                  10,991.00
 17,871.00   Swiss Re (Library Infrastructure)                                                18,446.00
 50,533.00   Swiss Re (Furniture)                                                             52,159.00
 36,797.49   Standard Life Fund                                                               32,511.00
 87,645.00   Standard Life (Furniture)                                                        90,463.00
286,360.00   Prudential Corporation Asia Ltd Fund                                           287,290.00
             (Coaching Classes & Examiners Seminar)

235 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

1,725.00 HDFC (Actuarial Directory)

1,781.00

131,791.00 CPD / Research Fund

136,030.00

1,372,862.00 GCA & Research Fund

1,417,013.00

12,753,935.00 Building Fund

13,164,102.00

147,753.00 LIC of India (Promotion & Prizes)

152,505.00

117,039.00 ICICI

120,803.00

34,544.00 Employees Relief Fund

35,655.00

103,490.00 Student Support Scheme

195,384.00

15,786,804.49

Total Rs.

16,346,429.00

SCHEDULE

L INVESTMENT INCOME

A) INTEREST ON SAVINGS BANK ACCOUNTS

9,933.00 Bank of India - D.N. Road - A/C No.56426

0.00

2,268.00 Bank of India - D.N. Road - A/C No.2970

11,585.00

4,680.00 Bank of India - D.N. Road - A/C No.2971

0.00

433.00 Bank of India - Nariman Point. - A/C No.4553

0.00

17,314.00

11,585.00

B) INTEREST ON FIXED DEPOSITS WITH BANKS

1,341,039.00 DBS Bank Ltd.

926,836.00

0.00 Axis Bank Ltd

149,607.00

0.00 Dena Bank

250,103.00

914,997.00 IDBI Bank

2,023,448.00

30,323.66 ING Vysya Bank

0.00

1,589,502.35 Karnataka Bank

1,703,547.00

603,840.00 State Bank of Bikaner & Jaipur

507,281.00

0.00 State Bank of Hyderabad

43,039.00

1,167,856.58 Canara Bank

1,248,897.03

1,046,270.00 Punjab National Bank

751,798.00236 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4 1,946,914.00 State Bank of Patiala

898,857.00

1,088,114.00 Oriental Bank of Commerce

135,441.00

1,939,563.00 Union Bank of India

1,706,097.00

1,133,808.42 Vijaya Bank

1,052,259.58

685,924.47 Bank of India

200,700.00

759,612.00 Bank of Maharashtra

0.00

14,247,764.48

11,597,910.61

C) INTEREST/DIVIDEND FROM OTHER INVESTMENTS

1,605,018.23 HDFC Ltd.

2,282,293.32

1,147,793.91 LIC MF Income Plus Fund ( Dividend )

3,684,375.19

1,796,224.00 LIC Housing Finance Ltd

2,428,598.00

0.00 PNB Housing Finance Ltd

972,200.00

1,670,929.00 HUDCO

1,794,893.00

297,836.63 8% Govt. Bonds

322,140.10

86,101.41 Interest Received on Income Tax Refund

0.00

6,603,903.18

11,484,499.61

20,868,981.66

Total Rs. (A+B+C)

23,093,995.22

SCHEDULE

N EDUCATIONAL SERVICES & EXAMINATION FEES

54,797,092.64  Examination Fees                                                            56,929,739.42
19,199,132.65  Study Course and Tution Material Fees                                       23,589,676.51
   647,800.00  Exemption Fees                                                                 787,200.00
 1,610,714.50  Admission Fees                                                               1,779,078.71
 1,024,695.00  Actuary India Magazine Income                                                1,332,017.00

77,279,434.79

Total Rs.

84,417,711.64

237 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

SCHEDULE

O MEMBERS CONTRIBUTION

9,962,073.48 Subscription Fees

9,942,770.65

70,000.00 Penalty / Late Fees

57,500.00

10,032,073.48

Total Rs.

10,000,270.65

SCHEDULE

P SEMINARS FEES

19,400,844.20 On Global Conference of Actuaries

23,633,142.76

880,426.98 On India Fellowship

785,366.46

475,460.93 On Current Issues in Life Assurance

654,174.16

268,369.35 On Current Issue in Retirement Benefits (CIRB)

254,886.90

587,707.62 On New Mathematics for Stochastic & Risk Management Workshop 0.00

193,861.13 On Capacity Building In Health Insurance

0.00

0.00 On Leadership Development Programme - 3

248,275.73

0.00 Workshop on FCAR for General Insurance Fees

535,407.73

0.00 Cap Bldg Sem on Int Rate in Employee Ben & SSS Fee

172,790.81

0.00 Cap Bldg Sem on Key Aspect of Risk Mgnt in LI co Fees

154,848.80

0.00 Sem on Cap Bldg in Intro. To R & Modelling Skill Fees

229,517.40

0.00 Workshop for ESG, CARE Stochastic Model & ALM Fees

762,880.69

0.00 Workshop on Employee Benefits Fees

221,209.44

70,512.25 Workshop on Crop Insuracne Fees

90,715.33

416,230.13 On Current Issues in Health Insurance

0.00

0.00 On IAI Connect

138,593.75

224,550.17 On Capacity Building In Non-Life Industry

0.00

147,977.34 On Current Issue in General Insurance (CIGI)

0.00238 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4 245,881.11 On Enterprises Risk Management (ERM)

248,465.03

273,313.15 On International Financial Reporting Standards (IFRS)

0.00

23,185,134.36

Total Rs.

28,130,274.99

SCHEDULE

Q OTHER INCOME

452,500.00  COP Fees (Renewal & New Issuance)                                             400,000.00
 49,977.00  Sale of Scrap                                                                   14,266.00
  2,595.27  Sundry Balance Written Back                                                          0.00
266,770.00  Research Income                                                                      0.00
699,177.12  Service Tax Credit                                                                   0.00
  2,384.00  Other Income                                                                    27,825.00

1,473,403.39

Total Rs.

442,091.00

INTEREST PROVISION FOR PRIZES AND SCHOLARSHIP FUND(S) :

SCHEDULE M (a)

Prizes and Scholarship Funds	As at 01.04.14	Interest @ 9.63%	Addition during the year	Paid during the year	As at 31.03.15

Aatmaram, Chajuram & Parvati Devi Memorial Scholarship Fund	135,265.00	13,026.00	0.00	10,000.00	138,291.00
Kamal Kumar Noranglal Podar Prize Fund for ST5	128,561.00	12,380.00	0.00	10,000.00	130,941.00
Late A S Gupta Prize Fund	126,269.00	12,160.00	0.00	13,000.00	125,429.00
Late D. Basu Prize Fund	132,063.00	12,718.00	0.00	10,000.00	134,781.00
Late Meena Sidhwani Actuarial Education Fund	295,702.00	28,476.00	0.00	0.00	324,178.00
Late Mrs. Jaya & Miss Kalpa N. Parikh	130,994.00	12,615.00	0.00	11,500.00	132,109.00
Late R.M. Mehta Memorial Fund	91,455.00	8,807.00	0.00	0.00	100,262.00
Late Sushil Dev Charterjee Fund	61,196.00	5,893.00	0.00	24,000.00	43,089.00
Peter Aker's Research Fund for Life Insurance	25,089.00	2,416.00	0.00	0.00	27,505.00
Peter Akers Prize Fund	37,598.00	3,621.00	0.00	15,000.00	26,219.00
Principal PNB Life Insurance Co. Ltd	2,707,693.00	260,751.00	0.00	0.00	2,968,444.00
Prof. G.S. Diwan Birth Centenary Education Fund	197,042.00	18,975.00	0.00	10,000.00	206,017.00
Prof. G.S. Diwan Prize Memorial/Prize/Award Fund - SA2	193,841.00	18,667.00	0.00	10,000.00	202,508.00
R Krishnaswamy Prize Fund - CT1 (Find. Math)	249,666.00	24,043.00	0.00	10,000.00	263,709.00
R Krishnaswamy Prize Fund - CT4 (Models)	255,183.00	24,574.00	0.00	10,000.00	269,757.00
Smt. Vidhyawati & Smt. Santosh Kumari Memorial Scholarship Fund	114,135.00	10,991.00	0.00	10,000.00	115,126.00
The Future Actuary Prize Fund	132,576.00	12,767.00	0.00	10,000.00	135,343.00
Prof. G.S. Diwan Memorial Scholarship Fund	257,032.00	24,752.00	0.00	5,000.00	276,784.00
K.R. Talpade Memorial Scholarship Endowment Fund	14,855.00	1,431.00	0.00	0.00	16,286.00
H.V. Krishnamurthy Prize Fund	112,802.00	10,863.00	0.00	10,000.00	113,665.00
Shanti Trust Endowment Fund	162,661.00	15,664.00	0.00	30,000.00	148,325.00
Canada Life Scholarship Endowment Fund	374,527.00	36,067.00	0.00	10,000.00	400,594.00
K.A. Pandit Memorial Prize Fund	124,244.00	11,965.00	0.00	5,000.00	131,209.00
Janardhan Pundlik Nerurkar Prize Fund	126,049.00	12,139.00	21,000.00	10,000.00	149,188.00
Prof. R.M. Joshi Prize Fund	126,654.00	12,197.00	0.00	10,000.00	128,851.00
J.R. Joshi Prize Fund	112,811.00	10,864.00	0.00	0.00	123,675.00
Late G.S. Diwan 100th Birth Anniversary Memorial	243,666.00	23,465.00	0.00	20,000.00	247,131.00
Total	6,669,629.00	642,287.00	21,000.00	253,500.00	7,079,416.00

239 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) 240 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

INTEREST PROVISION FOR EARMARKED ENDOWMENT FUND(S) :

SCHEDULE M(b)

Earmarked Endowment Fund	As at 01.04.14	Interest @ 9.63%	Addition during the year	Paid during the year	As at 31.03.15
Standard Life (Furniture)	939,392.00	90,463.00	0.00	0.00	1,029,855.00
Swiss Re (Furniture)	541,626.00	52,159.00	0.00	0.00	593,785.00
Swiss Re (Library Infrastructure)	191,543.00	18,446.00	0.00	0.00	209,989.00
Standard Life (UK)	337,597.00	32,511.00	0.00	63,295.00	306,813.00
Prudential Corporation Asia Ltd. ( Prizes for Execellence Perfor)	2,983,281.00	287,290.00	0.00	0.00	3,270,571.00
HDFC ( Actuarial Directory)	18,490.00	1,781.00	0.00	0.00	20,271.00
CPD / Research	1,412,562.00	136,030.00	0.00	0.00	1,548,592.00
GCA and Research Fund	14,714,573.00	1,417,013.00	0.00	0.00	16,131,586.00
Building Fund	136,698,878.00	13,164,102.00	0.00	30,303,030.00	119,559,950.00
Development Reserve Fund	0.00	0.00	65,000,000.00	0.00	65,000,000.00
Total	157,837,942.00	15,199,795.00	65,000,000.00	30,366,325.00	207,671,412.00

INTEREST PROVISION FOR OTHER EARMARKED ENDOWMENT FUND(S) :

SCHEDULE M(c)

Other Earmarked Fund	As at 01.04.14	Interest @ 9.63%	Addition during the year	Paid during the year	As at 31.03.15
Employees Relief Fund	370,245.00	35,655.00	0.00	0.00	405,900.00
LIC of India ( For Promotion of ASI & Prize)	1,583,647.00	152,505.00	0.00	0.00	1,736,152.00
Student Support Scheme	2,028,905.00	195,384.00	1,130,722.00	96,500.00	3,258,511.00
ICICI	1,254,445.00	120,803.00	0.00	0.00	1,375,248.00
Total	5,237,242.00	504,347.00	1,130,722.00	96,500.00	6,775,811.00

241 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

SCHEDULE "F"

FIXED ASSETS

SR NO .	PARTICULARS	R A T E OF DE PR E. %	GROSS BLOCK			DEPRECIATION			NET BLOCK
			AS AT 01.04.2014	ADDITIO NS DURING THE YEAR	AS AT 31.03.2015	UP TO 01.04.2014	FOR THE YEAR	UP TO 31.03.2015	AS AT	AS AT
									31.03.2015	31.03.2014
1	WATER PURIFIER	15	8,429	0	8,429	6,965	220	7,185	1,244	1,464
2	AIR CONDITIONER	15	772,678	111,900	884,578	583,306	36,540	619,846	264,732	189,372
3	AUDIO CONFERENCING SYSTEM	15	51,757	0	51,757	47,421	650	48,071	3,686	4,336
4	CASH BOX	15	4,728	0	4,728	4,113	92	4,205	523	615
5	COMPUTER	60	3,963,882	151,313	4,115,195	3,325,246	444,169	3,769,415	345,780	638,636
6	COMPUTER PRINTER	60	274,498	39,500	313,998	260,839	20,727	281,566	32,432	13,659
7	EPBAX SYSTEM (New)	15	190,849	0	190,849	107,888	12,444	120,332	70,517	82,961
8	FURNITURE	15	3,721,405	0	3,721,405	2,612,118	166,393	2,778,511	942,894	1,109,287
9	FIRE EXTINGUISHER	15	8,235	0	8,235	5,316	438	5,754	2,481	2,919
10	SAFE LOCKER	15	24,789	0	24,789	17,153	1,145	18,298	6,491	7,636
	11 WEIGHT MACHINE	15	3,534	0	3,534	2,399	170	2,569	965	1,135
12	OFFICE EQUIPMENT	15	232,625	6,200	238,825	75,112	23,783	98,895	139,930	157,513
13	AQUA GUARD WATER PURIFIER	15	26,990	0	26,990	4,501	3,373	7,874	19,116	22,489
14	BUSINESS PROJECTOR	15	32,590	38,199	70,789	8,566	3,698	12,264	58,525	24,024
15	TOTAL		9,316,989	347,112	9,664,101	7,060,943	713,842	7,774,785	1,889,316	2,256,046
	CAPITAL WORK IN PROGRESS
	Advance for Office Premises		31,262,130	30,303,030	61,565,160	0	0	0	61,565,160	31,262,130
	TOTAL		40,579,119	30,650,142	71,229,261	7,060,943	713,842	7,774,785	63,454,476	33,518,176
	Previous Year		39,622,710	956,409	40,579,119	6,253,220	807,723	7,060,943	33,518,176	33,369,490

242 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

SCHEDULE – R

NOTES TO ACCOUNTS

A) Significant Accounting Policies:

1. ACCOUNTING CONVENTION

These accounts are drawn up on historical cost basis and have been prepared in accordance with the applicable Accounting Standards issued by the Institute of Chartered Accountants of India and are on accrual basis unless otherwise stated.

2. REVENUE RECOGNITION

a) Admission Fee:

The Admission Fee is recognised as income in the year of admission of students.

b) Subscription Fee:

Subscription Fees for the year is recognised as income on actual receipt basis.

c) Examination Fees:

Examination Fee is recognised on the basis of conduct of examinations.

d) Study Course and Tuition Material Fees:

Revenue from Sale of Study Course & Tuition Material Fee is recognised in the year of Sale of Study Material.

243 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

e) Seminar Fees:

Seminar Fee is recognised on receipt basis.

f) Income on Interest bearing securities and fixed deposits is recognised on accrual basis at the rates applicable to such investments.

3. ALLOCATION / TRANSFER TO EARMARKED FUNDS

Income from investments of Earmarked Funds is allocated to Earmarked Funds proportionately on the basis of Weighted Average Method.

4. FIXED ASSETS AND DEPRECIATION

a) Fixed Assets are stated at historical cost less depreciation.

b) Depreciation is provided on the written down value method at the following rates as approved by the Institute, based on the useful life of the respective assets:

2

Type of Asset	Rate of Depreciation
Water Purifier	15%
Air Conditioner	15%
Audio Conferencing System	15%
Cash Box	15%
Computer	60%
Computer Printer	60%
EPBAX System	15%
Furniture	15%
Fire Extinguisher	15%
Safe Locker	15%
Weight Machine	15%
Office Equipments	15%
Aqua Guard Water Purifier	15%
Business Projector	15%

c) Depreciation on additions is provided on pro-rata basis.

244 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

5. INVESTMENTS

Investments are stated at cost.

6. EMPLOYEE BENEFITS

a) Gratuity :

The Institute provides for Gratuity Liability based on the Payment of Gratuity Act, 1972 and provision is made on pro-rata basis based on Actuarial Valuation.

TABLE 1

Gratuity Plan

Actuarial Calculations under AS15 (revised, 2005)

Net Asset / Liability recognized in the Balance Sheet as at 31 Mar 2014

Local currency – Rupees

A	Net Asset/(Liability) Recognised in Balance Sheet – 31 Mar 2014

1	Present value of Defined Benefit Obligation:	1,856,812
2	Fair Value of Plan Assets	-
3	Funded Status [Surplus/(Deficit)]	-1,856,812
4	Unrecognized Past Service Costs	-
5	Net Asset / (Liability) recognized in the Balance Sheet	-1,856,812
	Assumptions at 31 Mar 2013
	Discount Rate	9.00%

245 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

TABLE 2

Disclosure of employer expense for the year ending 31 Mar 2015

A	Components of Employer Expense
1	Current Service cost (including risk premiums for fully insured benefits)	301,963
2	Interest Cost	167,113
3	Expected Return on Plan Assets	-
4	Curtailment Cost / (Credit)	-
5	Settlement Cost / (Credit)	-
6	Past Service Cost	-
7	Actuarial Losses / (Gains)	321,232
8	Total employer expense recognized in P&L	790,308
	Assumptions at 31 Mar 2013
	Discount Rate	7.98%

TABLE 3

Net Asset / Liability recognized in the Balance Sheet as at 31 Mar 2015

A	Estimated Net Asset/(Liability) Recognised in Balance Sheet – 31 Mar 2015
1	Present value of Defined Benefit Obligation	2,585,966
2	Fair Value of Plan Assets	-
3	Funded status [Surplus/(Deficit)]	-2,585,966
4	Unrecognized Past Service Costs	-
5	Net Asset / (Liability) recognized in the Balance Sheet	-2,585,966
	Assumptions at 31 Mar 2014
	Discount Rate	7.98%

246 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

TABLE 4

Change in obligation and assets over the year ending 31 Mar 2015

A Change in Defined Benefit Obligation
1	DBO at beginning of the period	1,856,812
2	Service Cost	301,963
3	Interest Cost	167,113
4	Curtailment Cost / (Credit)	-
5	Settlement Cost / (Credit)	-
6	Plan Amendments	-
7	Acquisitions	-
8	Actuarial Losses / (Gains)	321,232
9	Benefit Payments	-61,154
10	DBO at end of the period	2,585,966

B Change in Fair Value of Assets
1	Fair Value of Plan Assets at beginning of the period	-
2	Acquisition adjustment	-
3	Expected return on plan assets	-
4	Actual Company contributions	61,154
5	Actuarial Gain/(Loss)	-
6	Benefits payments	-61,154
7	Fair Value of Plan assets at the end of period	-
Assumptions at 31 Mar 2014
Discount Rate		7.98%

247 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

TABLE 5

Reconcilation of Net Asset / Liability recognized in Balance Sheet

1	Net Asset / (Liability) at beginning of period	-1,856,812
2	Employer Expense	790,308
3	Employer Contributions	61,154
4	Acquisitions / Business Combinations	-
5	Net Asset / (Liability) at end of period	-2,585,966

TABLE 6

Experience History

1	Defined Benefit Obligation at end of the period	2,585,966
2	Plan Assets at end of the period	-
3	Funded Status	-2,585,966
4	Experience adjustments on plan liabilities	-140,757
5	Experience adjustments on plan assets	-

B Assumptions

B1.1 One of the principal assumptions is the discount rate, which should be based upon the market yields available on Government bonds at the accounting date with a term that matches that of the liabilities.

B1.2 The financial assumptions employed for the calculations as at 31 Mar 2014

and 31Mar 2015 are as follows.

248 THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938) [PART III—SEC. 4

	31-Mar-14	31-Mar-15
Discount rate	9.00%	7.98%
Expected return on assets	0.00%	0.00%
Salary escalation	10.00%	10.00%
Mortality	IALM (2006-08) Ultimate	IALM (2006- 08) Ultimate

Withdrawal Rate

Age From	31-Mar-14	31-Mar-15
18	10%	10%
21	10%	10%
31	10%	10%
41	10%	10%
45	10%	10%
58	10%	10%

b) Leave Encashment:

The Institute has provided for accumulated Privilege & Sick Leave based on actuarial valuation.

7. PROVISIONS

A provision is recognised when an enterprise has a present obligation as a result of past events: it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimates required to settle the obligations at the Balance Sheet Date. These are reviewed at each Balance Sheet Date and adjusted to reflect the current best estimates.

B) OTHER NOTES:

1) Actuarial Society of India registered under Societies Registration Act, 1860 and the Bombay Public Trust Act, 1950 was dissolved on 09-11-2006 and all the assets and liabilities of ASI were transferred to "Institute of Actuaries of India" which is constituted by an Act of Parliament viz. "The Actuaries Act, 2006".

249 PART III—SEC. 4] THE GAZETTE OF INDIA, JULY 23, 2016 (SRAVANA 1, 1938)

2) Stock of Study Materials, Publications and Stationery etc. are written off in the year of purchase under respective expenses heads of accounts. 3) Income Tax provision has not been made pursuant to order dated 12th September 2013 bearing no. F.No.CCIT/MUM/10(23C)(vi)/378/2013-14 issued by the Chief Commissioner of Income Tax (CCA) Mumbai u/s 10(23C)(vi) of the Income Tax Act w.e.f. AY 2012-2013 onwards.

4) Allocation of Investment Income has been done in the following manner as certified by the President and relied upon by the auditors.

A = Opening Balance as on 01-04-2014 of Investment (+) Opening Cash

and Bank Balances as on 01-04-2014

B = Closing Balance as on 31-03-2015 of Investment (+) Closing Cash

and Bank Balances as on 31-03-2015

I = Investment income during the year 2014-2015.

i = Interest rate for allocation of Investment Income to all funds.

i = (2 x I) / [(A+B) – I]

A = 230,619,682.47

B = 271,713,622.20

I = 23,093,995.22

(A+B)-I = 479,239,309.45

i = 9.63%

N.B: Interest rate for allocation of Investment income to funds is 9.63%.

5) Previous year's figures have been regrouped, rearranged and reclassified wherever necessary.

For Institute of Actuaries of India

For Khandwala & Shah,

Chartered Accountants,

RAJESH DALMIA

President

PREMAL P. GANDHI

Partner

Membership No.45462

SANJEEB KUMAR

Vice President

MUMBAI:

R. ARUNACHALAM

Hon. Secretary

मुद्रण निदेशालय द्वारा, भारत सरकार मुद्रणालय, एन.आई.टी. फरीदाबाद में अपलोड एवं प्रकाशन नियंत्रक, दिल्ली द्वारा ई-प्रकाशित, 2016 UPLOADED BY DIRECTORATE OF PRINTING AT GOVERNMENT OF INDIA PRESS, N.I.T. FARIDABAD AND E-PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 2016

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DOPGIPF—[PART III—SEC.4]