If any listed company is not having a Woman Board Member, penalty of Rs. 1,000 a day will be imposed on the listed companies. The penalty may go to Rs. 1.42 crore plus Rs. 5,000 a day till the woman member is posted after September 2015. Good decision. There are about 1,500 listed companies which are not having woman board members at present.
This should be implemented to non-listed companies also. BSNL need not worry, since it is expected that women board members are expected to be appointed.