Removal of member from office
Section 6 of the Securities and Exchange Board of India Act, 1992 deals with 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; The Act came into force on 30 Jan 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.
Section 6, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).
Made under this section, and citing it
6 instruments name this provision in its title or its text without being made under it.
- the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations,1993. Last amended on May 30, 2018Regulation 2018
- the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017Regulation 2017
- Companies (Share Capital and debentures) Rules, 2014Rule 2014
- Securities and Exchange Board of India (Procedure for Board Meetings) Regulations, 2001.Regulation 2001
- the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. Last amended on May 10, 2019Regulation 1993
- Securities Contracts (Regulations) Rules, 1957Rule 1957
Questions about Section 6
What does Section 6 of the Securities and Exchange Board of India Act deal with?
Section 6 of the Securities and Exchange Board of India Act is headed "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;
How do I find court cases under Section 6 of the Securities and Exchange Board of India Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Sebi Act 6, section 6 Sebi Act, section 6 of the Securities and Exchange Board of India Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 6 of the Securities and Exchange Board of India Act, and has it changed?
6 instruments name it without being made under it, most recently the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations,1993. Last amended on May 30, 2018 (2018), then the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017 (2017).
When did Section 6 of the Securities and Exchange Board of India Act come into force?
Section 6 of the Securities and Exchange Board of India Act, cited as Sebi Act 6, came into force on 30 Jan 1992, having been enacted on 04 Apr 1992. It is in force as at the date shown on this page.
Other sections of this Act
- 11. Functions of Board1315 words
- 11C. Investigation1145 words
- 12. Registration of stock-brokers, sub-brokers, share transfer agents, etc678 words
- 28A. Recovery of amounts629 words
- 15U. Procedure and powers of the Securities Appellate Tribunal494 words
- 15D. Penalty for certain defaults in case of mutual funds464 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.