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.

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Topics: Diversity, #Current, #Corporate

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