Posted By : damini
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11-Apr-2020 01:01 PM / View :
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As per Reg 17 ameded via SEBI(LODR)(Amedment) Regulation,2018 the Board of Directors of Top 1000 listed entities shall have at least one independent woman director by April 1, 2020.
An Explanation to this regulation says that top 1000 listed entities shall be determined on the basis of market capitalization at the end of the immediate previous financial year.
My query is, one of our client company(BSE Listed) was not in the list of top 1000 at the end of the financial year ended on 31.03.2019 but said the company is in the list of top 1000 companies as on 31-03-2020, which is issued by BSE in the second week of April,2020.
So, by which date they need to appoint independent women director?
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