(1) The Chairperson or any other Member may, by notice in writing under his hand addressed to the Central Government, resign his office:

Provided that the Chairperson or other Member shall, unless he is permitted by the Central Government to relinquish his office sooner, continue to hold office until the expiry of three months from the date of receipt of such notice or until a person duly appointed as his successor enters upon his office or until the expiry of his term of office, whichever is the earliest.

(2) The Central Government may remove from office the Chairperson or any other Member, who—

1. has been adjudged an insolvent; or
2. has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude; or
3. has become physically or mentally incapable of acting as the Chairperson or as a Member; or
4. has acquired such financial or other interest as is likely to affect prejudicially his functions as a Member; or
5. has so abused his position as to render his continuance in office prejudicial to the public interest.

(3) Notwithstanding anything in sub-section (2), the Chairperson or other Member shall not be removed from his office on the ground specified in clause (d) or clause (e) of sub-section (2) except by an order made by the Central Government after an inquiry made in this behalf by the Supreme Court in which the Chairperson or other Member concerned had been informed of the charges against him and given a reasonable opportunity of being heard in respect of those charges.

(4) The Central Government may suspend from office the Chairperson or a Member in respect of whom a reference has been made to the Supreme Court under sub-section (3), until the Central Government has passed an order on receipt of the report of the Supreme Court on such reference.