Penalise firms without female director: SEBI to Exchanges
SEBI has expressed displeasure over failure of exchanges to get all listed companies to comply with Companies Act regulation of having at least one woman director on board. "Penalties which the NSE can impose and collect, even in that there is laxity. Similarly, with BSE. Whatever the law is there, that (fine) should be collected," SEBI Chairman Ajay Tyagi said.