38. Reciprocity.-
(1) Where any country notified by the Central Government
in this behalf in the Official Gazette, prevents persons of
Indian domicile from becoming members of any institution similar
to the Institute established under this Act or from practising
the pro-fession of Company Secretaryship or subjects them
to unfair discrimination in that country, no subject of any
such country shall be entitled to become a member of the Institute
or practise the profession of Company Secretaries in India.
(2) Subject to the provisions of sub-section (1), the Council
may prescribe the conditions, if any, subject to which foreign
qualifications relating to Company Secretaryship shall be
recognised for the purposes of entry in the Register.
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