Non Compliance of Rules in Appointing Woman Director to the Boards of Public Sector Banks and Public Sector Enterprises

Non Compliance of Rules in Appointing Woman Director to the Boards of Public Sector Banks and Public Sector Enterprises

The status as on March 31, 2016 for the listed companies that have not complied with the requirement of appointing woman director on their Board is as under:

	Active Companies	Suspended Companies	Total
BSE	201	1174	1375
NSE	42	149	191

Fines have been levied on these companies as specified in the Securities and Exchange Board of India (SEBI) Circular No. CIR/CFD/CMD/1/2015 dated April 8, 2015.

The status as on March 31, 2016 for Public Sector Enterprises and Public Sector Banks which have not complied with the requirement of appointment a woman director is as under:

	NSE	BSE
Public Sector Enterprises	17	22
Public Sector Banks	2	2

Fines have been levied on these companies as specified in the Securities and Exchange Board of India (SEBI) Circular No. CIR/CFD/CMD/1/2015 dated April 8, 2015.

All efforts are being made by the Government to ensure compliance with the rules of appointing a woman director to their Board.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Source:PIBNEWS