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3 major Indian oil companies face fines from BSE and NSE for 5 quarters due to non-compliance with board composition norms.
India's leading oil companies, including IOC, BPCL, and GAIL, face fines from BSE and NSE for 5 consecutive quarters due to non-compliance with listing norms related to board composition.
The norms mandate the inclusion of a specific number of independent and women directors on their boards.
Despite the fines, the companies argue that the appointment of directors is solely under the purview of the government.
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3 grandes compañías petroleras indias enfrentan multas de BSE y NSE durante 5 trimestres debido al incumplimiento de las normas de composición de la junta directiva.