The Insolvency and Bankruptcy Code, 2016
PART IV Regulation of Insolvency Professionals Agencies and Information Utilities
CHAPTER I The Insolvency and Bankruptcy Board of India
Section 190: Removal of member from office:
*190. The Central Government may remove a member from office if he—
(a) is an undischarged bankrupt as defined under Part III;
(b) has become physically or mentally incapable of acting as a member;
(c) has been convicted of an offence, which in the opinion of the Central Government involves moral turpitude;
(d) has, so abused his position as to render his continuation in office detrimental to the public interest:
Provided that no member shall be removed under clause (d) unless he has been given a reasonable opportunity of being heard in the matter.
Notifications & Circulars
*This shall come into force w.e.f. from 05.08.2016.