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.