Press release
For immediate circulation
BSE fines 530 companies for non-compliance of appointment of women director
Mumbai, Monday, 13th July 2015: SEBI vide its circular no. CIR/CFD/CMD/1/2015 dated April 8, 2015 had prescribed the schedule of fines to be levied on companies for non-compliance with the requirement of Clause 49(II)(A)(1) of Listing Agreement i.e, appointment of Woman Director. Pursuant to which, BSE had issued circular no. DCS/COMP/01/2015-16 dated April 9, 2015 to the listed companies.
As per the provisions of the SEBI circular BSE has till date issued advisory letters to 530 companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines.
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For & On behalf of BSE Ltd
Yatin Padia – 022 2272 8516 / Ketan P. Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com/ Ketan.mehta@bseindia.com