Logo
Court Book - India Code App - Play Store

advertisement

Section 6

Removal of Member From Office.

The Securities and Exchange Board of India Act, 1992
1*** 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;

2*****

(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.




1. The brackets and figure "(1)" omitted by Act 9 of 1995, s. 3 (w.e.f. 25-1-1995).
11. Clause (d) omitted by Act 9 of 1995, s. 3 (w.e.f. 25-1-1995).