BSE fines 530 companies for delay in appointing women directors

http://timesofindia.indiatimes.com/business/india-business/BSE-fines-530-companies-for-delay-in-appointing-women-directors/articleshow/48082054.cms

"...The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet deadline to appoint a women director and boost gender diversity in their boardrooms, a BSE official said on Tuesday...

...The BSE said in a statement that SEBI rules meant companies who failed to comply would face a scheduled fine. This ranging from 50,000 rupees ($790) to 142,000 rupees ($2,240) to Oct. 1, 2015. After this, they would pay an additional 5,000 rupees ($78) per day until they complied..."