A Company Secretary in practice expresses his/her opinion on any report or statement given to any business or enterprise in which he/she, his/her firm, or a partner in his/her firm has a substantial interest. Whether he/

Professional Misconduct Covered under the Second schedule: Yes, if a Company Secretary in practice expresses his/her opinion on any report or statement given to any business or enterprise in which his/her, his/her firm, or a partner in his/her firm has a substantial interest, it is a professional misconduct covered under the Second Schedule and comes under its Part-I relating to Professional misconduct in relation to Company Secretaries in Practice. Other misconducts are mentioned as under: PART I - Professional misconduct in relation to Company Secretaries in Practice A Company Secretary in practice shall be deemed to be guilty of professional misconduct, if he- discloses information acquired in the course of his professional engagement to any person other than his client so engaging him, without the consent of his client, or otherwise than as required by any law for the time being in force certifies or submits in his name, or in the name of his firm, a report of an examination of the matters relating to company secretarial practice and related statements unless the examination of such statements has been made by him or by a partner or an employee in his firm or by another Company Secretary in practice permits his name or the name of his firm to be used in connection with any report or statement contingent upon future transactions in a manner which may lead to the belief that he vouches for the accuracy of the forecast expresses his opinion on any report or statement given to any business or enterprise in which he, his firm, or a partner in his firm has a substantial interest fails to disclose a material fact known to him in his report or statement but the disclosure of which is necessary in making such report or statement, where he is concerned with such report or statement in a professional capacity; fails to report a material mis-statement known to him and with which he is concerned in a professional capacity; does not exercise due diligence, or is grossly negligent in the conduct of his professional duties; fails to obtain sufficient information which is necessary for expression of an opinion or its exceptions are sufficiently material to negate the expression of an opinion; fails to invite attention to any material departure from the generally accepted procedure relating to the secretarial practice; fails to keep moneys of his client other than fees or remuneration or money meant to be expended in a separate banking account or to use such moneys for purposes for which they are intended within a reasonable time.