The Prevention of Money-Laundering Act, 2002
32. Resignation and
removal.-
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 any 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
personally appointed as his successor enters upon his office or until the
expiry of his term of office, whichever is the earliest.
2. The
Chairperson or any other 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 person appointed by the President in
which such hair person or any other Member concerned had been informed of the
charges against him and given a reasonable opportunity of being heard in
respect of those charges.