law: Companies Act, 2013 
  417.
  
    Removal
  
  of Members.
  1.      The Central
  
  Government may, after consultation with the Chief Justice of India, remove from
  
  office the President, Chairperson or any Member, who—
  a.     
  
    has
  
  been adjudged an insolvent; or
  b.    
  
    has
  
  been convicted of an offence which, in the opinion of the Central Government,
  
  involves moral turpitude; or
  c.     
  
    has
  
  become physically or mentally incapable of acting as such President, the
  
  Chairperson, or Member; or
  d.    
  
    has
  
  acquired such financial or other interest as is likely to affect prejudicially
  
  his functions as such President, the Chairperson or Member; or
  e.     
  
    has
  
  so abused his position as to render his continuance in office prejudicial to
  
  the public interest:
  Provided
  
  that the President, the Chairperson or the Member shall not be removed on any
  
  of the grounds specified in clauses (b ) to (e ) without giving him
  
  a reasonable opportunity of being heard.
  1.     
  2.      Without prejudice to
  
  the provisions of sub-section (1 ), the President, the Chairperson or the
  
  Member shall not be removed from his office except by an order made by the
  
  Central Government on the ground of proved misbehaviour or incapacity after an
  
  inquiry made by a Judge of the Supreme Court nominated by the Chief Justice of
  
  India on a reference made to him by the Central Government in which such
  
  President, the Chairperson or Member had been informed of the charges against
  
  him and given a reasonable opportunity of being heard.
  3.      The Central
  
  Government may, with the concurrence of the Chief Justice of India, suspend
  
  from office, the President, the Chairperson or Member in respect of whom
  
  reference has been made to the Judge of the Supreme Court under sub-section (2 )
  
  until the Central Government has passed orders on receipt of the report of the
  
  Judge of the Supreme Court on such reference.
  4.      The Central
  
  Government shall, after consultation with the Supreme Court, make rules to
  
  regulate the procedure for the inquiry on the ground of proved misbehaviour or
  
  incapacity referred to in sub-section (2 ).