Oct 9 (Mumbai Mirror): The Bombay Stock Exchange on Thursday said it has penalised 370 companies for not complying with Sebi norms to appoint at least one woman director on their respective boards within the prescribed timelines.

The exchange had earlier issued notices to 530 companies in July for not complying with the provision by June 30. Market watchdog Sebi had issued guidelines in February last year asking companies to appoint at least one woman director on their boards by October 1, 2014, which was later relaxed to April 1, 2015.

In a statement BSE said it has "issued fresh advisory letters to 370 active companies regarding levy of fines for non-compliance with the said provision within the prescribed timelines of September 30, 2015.

Acting against listed firms without a mandatory woman director, market regulator Sebi in April announced a minimum Rs 50,000 fine and warned of further action, including against promoters and directors, if they remain non-compliant beyond six months. PTI

HC seeks implementation of 2011 resolution on illegal shrines

The Bombay High Court on Thursday directed the Maharashtra government to ensure that it implements a May 2011 resolution for appropriate action against illegal religious structures in terms of regularisation, relocation and removal.

A division bench of Justices A S Oka and V L Achiliya sought a time-bound schedule from the government for demolition of such shrines that have been constructed without requisite permission.

The government had on May 5, 2011 issued a GR following an order passed by the Supreme Court in 2009 directing all state governments to initiate steps towards illegal shrines.