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Director Responsibility Matrix

Statutory and contractual duties per NBFC role with certifications, investor-protection outcome, and the live count of compliance points from the 3,300-point register that touch each role.

Managing Director / CEO
Risk: High
Statutory Duties
  • Overall NBFC operations
  • RBI representation
  • Board reporting
  • Investor representations
Certifications
  • Fit & Proper (RBI)
  • Annual compliance certificate
Investor Outcome

Single accountable signatory on representations & warranties

CFO
Risk: High
Statutory Duties
  • Capital adequacy
  • Cash flow & ALM
  • Investor financial reporting
  • Audit liaison
Certifications
  • CFO certificate u/s 134
  • Investor financial certificate
Investor Outcome

Financial transparency, anti-dilution math, valuation integrity

Compliance Officer
Risk: Critical
Statutory Duties
  • RBI Master Directions
  • Fair Practice Code
  • KYC/AML/PMLA
  • Suspicious transaction reporting
Certifications
  • RBI Compliance Officer registration
  • PMLA principal officer
Investor Outcome

Regulatory protection; clean license; no enforcement surprises

Company Secretary
Risk: Medium
Statutory Duties
  • Board governance
  • ROC filings
  • Resolutions & minutes
  • Disclosure schedules
Certifications
  • ICSI member
  • Secretarial audit u/s 204
Investor Outcome

Corporate hygiene; reserved matters enforceable

Independent Directors
Risk: High
Statutory Duties
  • Audit Committee oversight
  • Related-party scrutiny
  • Risk governance
  • Whistle-blower
Certifications
  • IICA databank
  • Independence declarations
Investor Outcome

Minority protection on related-party & reserved matters

Chief Risk Officer
Risk: High
Statutory Duties
  • Credit/operational/market risk
  • Concentration limits
  • Stress testing
Certifications
  • RBI CRO appointment letter
Investor Outcome

Downside protection; defensible risk posture

Recovery Head
Risk: Medium
Statutory Duties
  • NPA recovery
  • SARFAESI / DRT / IBC
  • Auctions and enforcement
Certifications
  • Authorised officer u/s 13(12) SARFAESI
Investor Outcome

Capital preservation through enforceable recovery

CTO / CISO
Risk: High
Statutory Duties
  • Digital lending controls
  • DPDP & cyber
  • Outsourcing & vendor IT risk
Certifications
  • DPDP DPO appointment
  • Cyber crisis plan sign-off
Investor Outcome

Data, cyber and AI risk absorbed before investor liability

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