Board composition requirement breaches trigger escalating fines and enforcement actions for delayed appointment of a woman director. SEBI prescribes a graduated penalty regime for failure to meet the Clause 49(II)(A)(1) requirement of a board-level woman director, directing stock exchanges to levy specified fines for entities that comply after the March 31, 2015 timeline according to defined compliance windows and daily rates, and warning that SEBI may take further action against non compliant entities, promoters or directors for breaches beyond the stated period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board composition requirement breaches trigger escalating fines and enforcement actions for delayed appointment of a woman director.
SEBI prescribes a graduated penalty regime for failure to meet the Clause 49(II)(A)(1) requirement of a board-level woman director, directing stock exchanges to levy specified fines for entities that comply after the March 31, 2015 timeline according to defined compliance windows and daily rates, and warning that SEBI may take further action against non compliant entities, promoters or directors for breaches beyond the stated period.
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