News: Rs. 50000 penalty for cos with no women on board

Diversity

Rs. 50000 penalty for cos with no women on board

SEBI announced that companies which have no women directors on board will have to pay a one time fine of Rs 50000 in the first three months. About 12% of over 1450 companies listed in SEBI are in the defaulters list. The regulator is also considering stricter penalties for companies that fail to comply.

SEBI announced that companies which have no women directors on board will have to pay a one time fine of Rs 50000 in the first three months. About 12% of over 1450 companies listed in SEBI are in the defaulters list. The regulator is also considering stricter penalties for companies that fail to comply.

Read the Economic Times news report here.

Read full story

Topics: Diversity, #Current, #Corporate

Did you find this story helpful?

Author

QUICK POLL

What are the top work tech investment focus areas for your company currently?

Have you been reviewing your tech and IT strategy in the aftermath of digital acceleration?

READ our latest issue to find out how others are adapting their digital approach today.