Risk Management Committee.

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.... (2) ^5[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 and in case of a listed entity having outstanding SR equity shares, at least two thirds of the Risk Management Committee shall comprise independent directors.] (3) The Chairperson of the Risk management committee sha....

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....eviewing of the risk management plan to the committee and such other functions as it may deem fit ^2[such function shall specifically cover cyber security]. ^8[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.] ^11[(5) The provisions of this regulation shall be applicable to:....

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....I/LAD-NRO/GN/2021/22 dated 05-05-2021 before it was read as, "The majority of members of Risk Management Committee shall consist of members of the board of directors ^4[and in case of a listed entity having outstanding SR equity shares, at least two thirds of the Risk Management Committee shall comprise of independent directors]." 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/....