Amendment status not verified — confirm the current text below against the official source.
(1) The Chairperson or any Member of the Board may relinquish their office by giving a prior notice in writing under his hand addressed to the Central Government, of not less than three months. (2) The Central Government shall remove from office the Chairperson or a Member of Board, who-- (a) has been adjudged an insolvent; (b) has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude; (c) has become physically or mentally incapable of acting as Chairperson or a Member; (d) has acquired such financial or other interest as is likely to affect prejudicially his functions as Chairperson or a Member; or (e) has so abused his position as to render his continuance in office detrimental to the public interest: Provided that no Chairperson or Member shall be removed under clause (d) or clause (e) unless he has been given an opportunity of being heard in the matter.