The Company Secretaries Act, 1980
Sch. I Part I Rule 11. THE FIRST SCHEDULE
PROFESSIONAL MISCONDUCT IN RELATION TO MEMBERS OF THE INSTITUTE IN PRACTICE
A Company Secretary in practice shall be deemed to be guilty of professional misconduct, if he –
(11) Accepts a position as Company Secretary in practice previously held by some other Company Secretary in practice in such conditions as to constitute under-cutting;
The Company Secretaries Act, 1980