<h1>SEBI mandates at least one woman director on boards u/s 149 of the Companies Act, 2013.</h1> The Securities and Exchange Board of India (SEBI) requires listed companies to appoint at least one woman director on their boards, as per Section 149 of the Companies Act, 2013. By March 31, 2016, 4,128 out of 5,451 companies listed on the Bombay Stock Exchange (BSE) and 1,568 out of 1,759 on the National Stock Exchange (NSE) had complied. However, 1,323 BSE and 191 NSE companies had not appointed a woman director. SEBI does not require companies to report if a woman director is a family member of promoters or top executives.