Regulation 10 - High powered advisory committee - Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014

CHAPTER V COMMITTEES High powered advisory committee. 10. (1)The Board shall constitute a high powered advisory committee for consideration and recommendation of the terms of settlement. (2) The high powered advisory committee shall consist of a retired Judge of a High Court and three external experts having expertise in securities market or in matters connected therewith or incidental thereto. (3) The quorum of the high powered advisory committee shall be of three members. (4) The term of the members of the high powered advisory committee shall be three years which may be extended for a further period of two years. (5) The high powered advisory committee shall conduct its meetings in the manner specified by the Board in this regard.