Oil companies fined for flouting board norms
In separate filings, the companies detailed the fines for either not having the requisite number of independent directors or the mandated women director, but were quick to point out that appointments are done by government.
New Delhi: oil and gas giants including Indian Oil, and (India) Ltd have been slapped with for the fourth straight quarter for failing to meet of having the requisite number of on their board.imposed a cumulative fine of Rs 34 lakh on refining and fuel marketing giants (IOC), (HPCL) and (BPCL), explorers (ONGC) and Oil India Ltd (OIL), gas utility GAIL, and refiner Mangalore Refinery and Petrochemicals Ltd () for not meeting the listing requirement in the March quarter, exchange filings showed.
In separate filings, the detailed the fines for either not having the requisite number of independent directors or the mandated women director, but were quick to point out that appointments are done by .
