Under the Companies Act, the government has set off the process necessary for the private companies.
“In order to ensure that private sector companies also constitute ICC as mandated under Sexual Harassment at Workplace (Prevention, Prohibition and Redressal) Act 2013, it will be appropriate to ask the companies to disclose the constitution of the IIC in their Annual Disclosures filed under the provision of Section 134 of the Companies Act 2013,”.
“While adequate protection is available in government structures to women, it is important that women in the private sector are also given the same level of protection. We had taken up this matter with Chambers of business but we have not been able to cut much ice with them,”.
Section 134 of the Act enables the Central government to mandate any non-financial disclosure to be made in the Directors’ Report of a company.
“Since companies did not show much interest on the matter, we have decided to make it mandatory for them under the Companies Act, 2013.There has been an increase in the number of cases of sexual harassment at workplace being brought up by women employees in different organizations.
As per this law penalty of Rs 50,000 on employers who are unable to implement its various provisions.