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Section 6 – The Securities and Exchange Board of India Act, 1992

The Securities and Exchange Board of India Act, 1992

 

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.

 

 

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The Securities and Exchange Board of India Act, 1992

 

Indian Laws – Bare Acts

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