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15 Public Sector Firms in India violate Sebi’s Norms of appointing atleast One Woman Director on their Respective Boards

These rules are aimed at ensuring gender diversity in boardrooms

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Fifteen PSUs including ONGC and Indian Oil Corporation failed to comply by Sebi's gender diversity directives, Wikimedia

New Delhi, Dec 16, 2016:  Sebi’s regulatory norms of appointing at least one woman director on the respective billboards till December 13, has not been followed by as many as 15 public sector firms including ONGC and Indian Oil Corporation. Reports of it went to the Parliament on Friday.

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As per the new Sebi directives and the Company’s Act, 2013 all the listed firms were required to have at least one woman director on their boards from April 1, 2015. These rules are aimed at ensuring gender diversity in boardrooms.

As on December 13, 2016, Bharat Petroleum Corporation, GAIL, Power Finance Corporation, Rural Electrification Corporation, Chennai Petroleum Corporation, Scooters India, MMTC and Fertilisers & Chemicals Travancore have not appointed women directors on their board, Corporate Affairs Minister Arun Jaitley said in a written reply to Lok Sabha, mentioned PTI.

It was mandatory for PSUs to appoint one women director to their boards
Arun Jaitley Wikimedia

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Other non-complaint firms are State Trading Corporation of India, Hindustan Photo Films Manufacturing Company, Bharat Immunologicals & Biologicals Corp, Rashtriya Chemicals and Fertilisers and Neyveli Lignite Corporation, he added.

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According to the Minister 169 and 1,106 companies listed on the NSE and BSE respectively had not appointed women directors as on September 30, this year. To avert this discrimination by acting against listed firms without a mandatory woman director, Sebi in April 2015 had announced a minimum Rs 50,000 fine. Further action against non-compliance of the directives include action against promoters and directors, if they remain non-compliant beyond six months.

A four stage penalty structure is announced by the market watchdog wherein fines would increase with the passage of time. It had asked the stock exchanges to levy the fines as the violation relates the Listing Agreement.

prepared by Saptaparni Goon of NewsGram. Twitter: @saptaparni_goon

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Violent Relationship ups Mental Disorder Risk in Women, Says New Study

However, a certain amount of unpredictability was actually healthier for women, noted researchers

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For the study, the researchers included 120 women participants, who were assessed concerning the abusive behaviour they faced and the violent environment around them. Pixabay

Women, please take note. If you are in a violent relationship you may be at an increased risk of suffering from mental disorders, suggests a new study.

The study, published in Primary Care Companion for CNS Disorders journal, indicates that the unpredictable violence not only causes physical injuries to women but also leaves the victims at a higher risk of suffering from mental disorders.

“We expect severity and frequency to be the major driver to patient outcomes, but in some cases it isn’t,” said David Katerndahl, Professor at the University of Texas Health Science Center, US.

Women
Representational image. Pixabay

“The nonlinearity, or unpredictability, of the violence is much more of a driver,” he added.

However, a certain amount of unpredictability was actually healthier for women, noted researchers.

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“Women who have what we call ‘optimal nonlinearity’, which means they have some nonlinearity but it’s not extreme, actually did better in the study in general,” said Katerndahl.

For the study, the researchers included 120 women participants, who were assessed concerning the abusive behaviour they faced and the violent environment around them. (IANS)