22 PSUs fined for not appointing women directors

Under the Companies Act, 2013, all listed companies are required to have at least one woman director on board

GN Bureau | May 7, 2016


#SEBI   #PSUs  

A total of 1,375 BSE-listed companies and 191 NSE-listed companies have been fined for failing to appoint women directors on their respective boards. Out of these, two are public sector banks and 22 are central public sector enterprises. The information was given by minister of state for finance Jayant Sinha in a written reply to the Lok Sabha.

Under the Companies Act, 2013, all listed companies are required to have at least one woman director on board. The markets regulator SEBI, too, had given the same directive. This was aimed at ensuring gender diversity in boardrooms. According to norms, a woman director can be either executive or non-executive, or independent or non-independent director.

As on March 31, out of 5,451 companies listed on BSE, 1,375 have failed to appoint a woman director on their respective boards. Similarly, of the 1,759 NSE-listed companies, 191 did not comply with the SEBI norms.

In a separate reply, Sinha said that SEBI has not made it mandatory for listed companies to report whether a director is a family member of the promoter.
 

Comments

 

Other News

COP28 discusses climate resilient development in Himalayas

Impacts and implications of Climate Change Vulnerability in the Himalayan Region and ways of creating ‘Climate Resilient Development in Indian Himalayan Region by making mountain communities green and resilient were discussed the side event hosted at the India pavilion at the UN Climate Conference CO

Air Pollution: What needs to be done to tame the silent killer

Air pollution in Delhi has been in headlines, as every year in recent times. Mumbai too has suffered from air pollution, despite being a coastal city. Apart from many other metros such as Bangalore and Kolkata, tier-I and -II cities and rural areas also have high pollution levels. Every year reports and st

Free food grains for 81.35 cr beneficiaries for five years

The central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from January 1, 2024, the cabinet decided on Wednesday. Terming it as a “historic decision”, a

“I wrote ‘Survival at Stake’ to provide food for thought about solutions”

Survival at Stake: How Our Treatment of Animals Is Key to Human Existence By Poorva Joshipura HarperCollins, 328 pages, Rs 499 With science now recognising animal consciousness, intelligence, emotion, and even morality, there must rise an awareness of

‘Bon Voyage’ through the Arctic: Exploring new horizons for India

India`s tryst with trade through the Arctic regions, including the Northern Sea Routes (NSR), has become an impact-making endeavor recently. The Arctic of yore is now a pivot – point of geopolitics, of climate change discussions, and for economic opportunities; 40% of oil and gas reserves said to be

Demystifying Contemporary Finance Theory and other lessons in investment

Investing Decoded: Simple Path To Building A Portfolio In Millions By Anirudh Rathore Penguin India, 320 pages, Rs 499

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter