The Tax Publishers

2. Definitions

In this Act, unless the context requires otherwise,

(1) 'Act' means the Indian Financial Code, 2015 and all rules, regulations and bye-laws made under it.

(2) 'actuary' means a person certified to practice as such by the Institute of Actuaries of India under section 9 of the Actuaries Act, 2006 (35 of 2006).

(3) 'administrative law member' means

(a) in the case of a Financial Agency, other than the Council, an executive member of the board who is qualified in the field of law and is designated as such under section 89; and

(b) in the case of the Council, a member of the Executive Committee who is qualified in the field of law and is appointed as such under section 89.

(4) 'administrative law officer' means an employee of the Financial Agency who is qualified in the field of law and is appointed as such under section 89.

(5) 'administrative law wing' means a wing of the Financial Agency as constituted under Chapter 24.

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