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[Cites 0, Cited by 0] [Section 10FV] [Entire Act]

Union of India - Subsection

Section 10FV(1) in The Companies Act, 1956

(1)The Central Government may, in consultation with the Chief Justice of India, remove from office the Chairperson or any Member of the Appellate Tribunal, 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 Chairperson or Member of the Appellate Tribunal; or
(d)has acquired such financial or other interest as is likely to affect prejudicially his functions as such Chairperson or Member of the Appellate Tribunal; or
(e)has so abused his position as to render his continuance in office prejudicial to the public interest.