BSE slaps fine on 370 companies for not appointing woman directors as per Sebi norms

Mumbai, Oct 8 (KNN) Leading stock exchange BSE has imposed a fine on 370 companies for not complying with SEBI norms to appoint at least one woman director on their respective boards within the prescribed timelines. 

It had earlier issued notices to 530 companies in July for not complying with the provision by June 30. 

Sebi had issued guidelines in February last year asking companies to appoint at least one woman director on their boards by October 1, 2014, which was later relaxed to April 1, 2015. 

In a statement BSE said it has "issued fresh advisory letters to 370 active companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines of September 30, 2015. (KNN Bureau)