News: SEBI announces penalty for cos. without women directors

Diversity

SEBI announces penalty for cos. without women directors

Listed companies may be penalised up to 25 crore rupees for their inability to appoint a woman director by April 1. The regulator may also take additional action against companies under Section 11B of the SEBI Act. SEBI had launched a warning campaign last week to caution companies who are yet to appoint a woman director.

Listed companies may be penalised up to 25 crore rupees for their inability to appoint a woman director by April 1. The regulator may also take additional action against companies under Section 11B of the SEBI Act. SEBI had launched a warning campaign last week to caution companies who are yet to appoint a woman director.

Read the Economic Times news report here.

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Topics: Diversity, #Current, #Corporate

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