# The Securities and Exchange Board of India Act, 1992, Section 6: Removal of member from office

- Act: The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992)
- In force from: 1992-01-30
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/sebi-act/section/6/

## Text

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.

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