State with reasons, the composition of directors in a listed company: PQR Limited is a listed entity having one Executive woman Director on the Board. The Company is in the list of top 1000 listed entities. Whether the C
CS Executive · Securities Laws and Capital Markets · PYQS · June 2024
State with reasons, the composition of directors in a listed company: PQR Limited is a listed entity having one Executive woman Director on the Board. The Company is in the list of top 1000 listed entities. Whether the Company still requires appointment of another woman Director?
Answer & Explanation:
Regulation 17(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 provides that the top 1000 listed entities shall have at least one independent woman director by April 1, 2020. In the given case, PQR Limited is having one Executive woman director and hence, it will be required to appoint one independent woman director to meet the requirement as stated above.
Topics: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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