Comments
Listed companies that have not appointed a woman director face a fine of ₹50,000. If they do not comply by June 30, an additional fine at the rate of ₹1,000 a day will be imposed till a woman director is appointed.
After September 30, the fine will go up to ₹1.42 lakh plus ₹5,000/day till the date of compliance. SEBI issued a circular to this effect on Wednesday. The deadline for appointing at least one woman director expired on March 31.
According to Pranav Haldea, Managing Director, PRIME Database, 180 out of a total relevant 1,456 NSE-listed companies or nearly 12 per cent of the companies, had not appointed a woman director as on April 6.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.