(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 Centra] Government, involves- a moral turpitude.
(d) is appointed as a director of u company;
(e) has, in the opinion of the Central Government, so abused his position as to render his continuation in office deterimental to the, public interest ;
Terms of office and conditions of service of Chairman and members of the Board.
Removal of member from office.
4 THE GAZETTE OF INDIA EXTRAORDINARY [PACT I t -
Provided that no member shall be removed under this clause unless he has been given a reasonable opportunity of being heard in the matter.