Do you know, Director report of 2018 year to include POSH Act,2013, note.

The Corporate Affairs Ministry has amended the Companies (Accounts) Rules, 2014, governed by the Companies Act, 2013, mandating the disclosure.

The amended rules were notified on July 31. It adds a clause to a rule on matters that should be part of the Board’s report.

The new clause says that the report will have to contain “a statement that the Company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.”

Under the Sexual Harassment at Workplace Act, it is mandatory for any organisation with 10 or more employees to constitute an ICC. An employer who doesn’t do so could face a fine of up to ₹ 50,000.

An ICC should consist of a presiding officer who is a woman employee at a senior level in the same organisation, at least two employees “preferably committed to the cause of women”, and a member from an NGO or a person “familiar with issues relating to sexual harassment.”

Like civil court,the committee would have powers similar to those of a civil court and would have to complete its inquiry within 90 days.

It may be noted that annual complaince list will have to include annual filing under POSH Act.

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