Section 6 - Removal of member from offic - Securities and Exchange Board of India Act, 1992

Removal of member from office. 6. 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; (d) 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 (1) omitted by Securities Laws (Amendment) Act 1995, w.e.f. 25-1-1995. 2 Omitted, by Securities Laws (Amendment) Act 1995, w.e.f. 25-1-1995. Prior to omission clause (d) read as: (d) is appointed as a director of a company .