Women on company boards must: SEBI

Women on company boards must: SEBI
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Highlights

India\'s securities markets regulator said on Friday that it would penalise listed companies that do not have even one woman on their board. It is very shameful the listed companies numbering around 8,000 are not able to find one competent woman to be on their board, Securities and Exchange Board of India (SEBI) chairman U K Sinha told reporters on the sidelines of an event here.

Mumbai: India's securities markets regulator said on Friday that it would penalise listed companies that do not have even one woman on their board. It is very shameful the listed companies numbering around 8,000 are not able to find one competent woman to be on their board, Securities and Exchange Board of India (SEBI) chairman U K Sinha told reporters on the sidelines of an event here.

The SEBI has extended the deadline, to April 1, 2015, for companies to comply with its stipulation. According to Sinha, the regulator would take a serious view on the companies that do not abide by the stipulation citing the penalties levied by SEBI on listed companies that did not comply with the regulation of bringing down the promoter holding to 25 per cent.

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