Securities and Exchange Board of India Act : Removal of member from office. Indian Bare Acts :

Securities and Exchange Board of India Act,1992

Act No : 15

Section : Removal of member from office.

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; 1* * * * * (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.