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SEBI Act, 1992 Bare Act |
| 6. REMOVAL OF MEMBER
FROM OFFICE.
The Central Government shall remove a member from office if he - (a) is, or at any time has been, adjudicated as insolvent; (b) is of unsound mind and stands so declared by a competent court; (c) has been convicted of an offence which, in the opinion of the Central Government, involves a moral turpitude; (d) * * * (e) has, in the opinion of the Central Government, so abused his position as to render his continuation in office detrimental to the public interest : Provided that no member shall be removed under this clause unless he has been given a reasonable opportunity of being heard in the matter. |