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Bare acts > Company Law Board (Qualifications, Experience and Other Conditions of Service of Members) Rules, 1993 > Rule 7
 
    


7. Removal of Members from office in certain circumstances.- The Central Government in consultation with the Chief Justice of India may remove from office any Member, who-

(a) has been adjudged an insolvent; or

(b) has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude; or

(c) has become physically or mentally incapable of acting as such Members; or

(d) has acquired such financial or other interest as is likely to affect prejudicially his functions as a Member; or

(e) has so abused his position as to render his continuance in office prejudicial to the public interest:

Provided that nothing contained in this rule shall apply to a Chairman who is Judge of a High Court:

Provided further that where a Member is proposed to be removed on any of the grounds specified in clauses (b) to (c), the Members shall be informed of the charges against him and given a reasonable opportunity of being heard in respect of those charges

 

 

 

 

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