law: Securities and Exchange Board of India Act, 1992
  6.Removal of member
  
  from office.- 
  (1) The Central
  
  Government shall remove a member from office if he- 
  (a)
  
  is, or at any time has been, adjudicated as insolvent;
  (b)
  
  is of unsound mind and stands so declared by a competent court;
  (c)
  
  has been convicted of an offence which, in the opinion of the Central
  
  Government, involves a moral turpitude;
  (d)
  
  is appointed as a director of a company;
  (e)
  
  has, in the opinion of the Central Government, so abused his position as to
  
  render his continuation in office detrimental to the public interest:
  Provided
  
    that no member shall be removed under
  
  this clause unless he has been given a reasonable opportunity of being heard in
  
  the matter.