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.
The Securities and Exchange Board of India Act, 1992
