Removal from office: government may remove officeholders for insolvency, moral turpitude, incapacity, conflicted interest, or abuse, with hearing. Central Government may, on the recommendation of the designated Committee, remove the chairperson or a member for insolvency, conviction involving moral ... Summary
National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Rules, 2018
Removal from office: government may remove officeholders for insolvency, moral turpitude, incapacity, conflicted interest, or abuse, with hearing.
Central Government may, on the recommendation of the designated Committee, remove the chairperson or a member for insolvency, conviction involving moral turpitude, physical or mental incapacity, acquisition of a financial or other interest likely to prejudicially affect duties, or abuse of position prejudicial to public interest; the subject must be excluded from the Committee considering his case, and removal under conviction, incapacity, interest, or abuse grounds requires a reasonable opportunity of being heard.
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