Media Release

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.




BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE, is Asia’s first Stock Exchange and now India’s fastest exchange with a speed of 200 microseconds. BSE is one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME).


BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full innovation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.



For & On behalf of BSE Ltd

Yatin Padia – 022 2272 8516 / Ketan P. Mehta – 022 2272 8321
Marketing Communications