417Removal 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.
(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 subsection (2).
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- 407 Definition
- 408 Constitution of National Company Law Tribunal
- 409 Qualification of President and Members of Tribuna
- 410 Constitution of Appellate Tribunal
- 411 Qualifications of Chairperson and members of Appellate Tribunal
- 412 Selection of Members of Tribunal and Appellate Tribunal
- 413 Term of office of President, Chairperson and other Member
- 414 Salary, allowances and other terms and conditions of service of Members
- 415 Acting President and Chairperson of Tribunal or Appellate Tribunal
- 416 Resignation of Members
- 417 Removal of Members
- 417A Qualifications, terms and conditions of service of Chairperson and Member
- 418 Staff of Tribunal and Appellate Tribuna
- 419 Benches of Tribunal
- 420 Orders of Tribunal
- 421 Appeal from orders of Tribuna
- 422 Expeditious disposal by Tribunal and Appellate Tribuna
- 423 Appeal to Supreme Court
- 424 Procedure before Tribunal and Appellate Tribunal
- 425 Power to punish for contempt
- 426 Delegation of power
- 427 President, Members, officers, etc., to be public servant
- 428 Protection of action taken in good faith
- 429 Power to seek assistance of Chief Metropolitan Magistrate, etc
- 430 Civil court not to have jurisdiction
- 431 Vacancy in Tribunal or Appellate Tribunal not to invalidate acts or proceedings
- 432 Right to legal representation
- 433 Limitation
- 434 Transfer of certain pending proceeding