SEBI has written to all Stock Exchanges to impose penalties on those companies in which one Woman Director has not been appointed in Board of Directors. This provision of appointment of one woman director applies to all listed companies. Accordingly, all listed companies were required to appoint one woman director in Board of Directors. This provision had been made last year on 17th Apr-2014 by amending the provisions of Clause 49 of Listing Agreement. Last date for appointed was 31st Mar-2015.
| Compliance Status | Fine Structure |
|---|---|
| Listed entities complying between April 1, 2015 and June 30, 2015 | ₹ 50,000/- |
| Listed entities complying between July 1, 2015 and September 30, 2015 | ₹50,000 + ₹1000/- per day w.e.f. July 1, 2015 till the date of compliance |
| Listed entities complying on or after October 1 , 2015 | ₹1,42,000/- + ₹5000/- per day from October 1, 2015 till the date of compliance |