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of <h1>Government Can Remove Financial Authority Members for Insolvency, Incapacity, Conviction, Conflict of Interest, or Position Abuse</h1> The Central Government has the authority to remove a Member from office under the International Financial Services Centres Authority Act, 2019, if the Member is adjudged insolvent, becomes physically or mentally incapable, is convicted of an offense involving moral turpitude, acquires conflicting financial interests, or abuses their position to the detriment of public interest. However, removal under clauses related to financial interest or abuse of position requires that the Member be given a reasonable opportunity to be heard.
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