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THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 · ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA

Section 6 — Removal of member from office

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.