Jet Airways has appointed Anita Goyal, wife of founder-Chairman Naresh Goyal, as additional director to comply with the Sebi’s norm for listed companies to have at least one woman director on board. Anita would be additional director in a non-executive and non-independent role with effect from April 8, Jet Airways today said in a filing to the stock exchanges.
She is the only woman on Jet Airways’ board. However, she was already a part of the senior management team as Executive Vice President (Revenue Management and Network Planning). Jet Airways said: “The Board of Directors of the Company has appointed Anita Naresh Goyal as an Additional Director (non-executive and non-independent) with effect from April 8, 2015.”
The company would still have to pay a fine of Rs50,000 as it failed to appoint at least one woman director within the stipulated deadline of March 31. The capital markets regulator Sebi yesterday had announced a four-stage penalty structure wherein fines would increase with the passage of time.
According to Sebi, listed companies complying between April 1 and June 30 will have to pay only Rs50,000. Those complying between July 1 and September 30 this year would need to pay Rs50,000 and an additional Rs1,000 per day till they comply.
The listed companies complying on or after October 1, 2015 will have to pay Rs1.42 lakh, plus Rs5,000 per day till the date of compliance.