PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROLSecurities and Exchange Board of India Act, 1992
PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROLSecurities and Exchange Board of India Act, 1992
SEBI member removal: government may remove for insolvency, unsound mind, conviction for moral turpitude, or abuse of position. The Central Government may remove a SEBI member where the member is adjudicated insolvent, is of unsound mind as declared by a competent court, has been ... Summary
Referred In :
Securities and Exchange Board of India (Procedure for Board Meetings) Regulations, 2001
SEBI member removal: government may remove for insolvency, unsound mind, conviction for moral turpitude, or abuse of position.
The Central Government may remove a SEBI member where the member is adjudicated insolvent, is of unsound mind as declared by a competent court, has been convicted of an offence involving moral turpitude in the Government's opinion, or has abused his position so as to render continuation detrimental to the public interest; removal under the abuse ground requires that the member be given a reasonable opportunity of being heard. Historical amendments omitted certain prior subparagraphs.
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