ABC Limited is within the top 1000 listed entities in India. It has 10 directors out of which there is one-woman executive director and 6 non-executive directors. All the non-executive directors are men. Assess whether t

As per Regulation 17 (1) (a) of SEBI (LODR) Regulations, 2015, Board of Directors shall have an optimum combination of executive and non-executive directors with at least one-woman director and not less than fifty per cent of the board of directors shall comprise of non-executive directors. However, the Board of directors of the top 500 listed entities shall have at least one independent woman director by April 1, 2019 and the Board of directors of the top 1000 listed entities shall have at least one independent woman director by April 1, 2020. In the given case, the Company doesn't has one independent woman director hence it is not in compliance with the requirement of SEBI (LODR) Regulations, 2015.