Regulation 62I - Risk Management Committee - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

1 [Risk Management Committee. 62I . (1) The board of directors shall ensure that the functions of the Risk Management Committee as specified in Part D of the Schedule II are discharged by audit committee or by the board of directors or a risk management committee constituted by the board of directors as per this regulation. (2) The risk management committee shall have minimum three members with majority of them being members of the board of directors, including at least one independent director. (3) The chairperson of the risk management committee shall be a member of the board of directors and senior executives of the HVDLE may be members of the committee. (4) The risk management committee shall meet at least twice in a year and not more than two hundred and ten days shall elapse between any two consecutive meetings. (5) The quorum for a meeting of the risk management committee shall be either two members or one third of the members of the committee, whichever is higher, including at least one member of the board of directors in attendance. (6) The board of directors shall define the role and responsibility of the risk management committee and may delegate monitoring and reviewing of the risk management plan to the committee and such other functions as it may deem fit including cyber security: Provided that the role and responsibilities of the risk management committee shall mandatorily include the performance of functions specified in Part D of Schedule II. (7) The risk management committee shall have powers to seek information from any employee, obtain outside legal or other professional advice and secure attendance of outsiders with relevant expertise, if it considers necessary. ] **************** NOTES:- 1 . Inserted vide F. No. SEBI/LAD-NRO/GN/2025/239 dated 27-03-2025