India Tourism Development Corporation Limited
India Tourism Development Corporation Ltd is a Govt. of India undertaking and was established in October 1966, the company is running hotels, restaurants, providing transport facilities, engaged in production, distribution and sale of tourist publicity literature and providing entertainment and duty free shopping facilities to tourists. It has also diversified into consultancy, tourism, engineering projects…
What India files
- Others52
- Important11
- Board Meeting7
- Dividend/Bonus4
- Updates2
- Results2
ITDC incurred a fine due to insufficient independent directors, including a woman director, on its Board. The company's Board believes this is not their fault as directors are government-appointed and will seek a penalty waiver after achieving compliance.
ITDC received a fine for not meeting director requirements, including independent and woman directors. The Board believes the Government of India is responsible for appointments and will seek a waiver of penalties while addressing director appointments.
ITDC faces a fine over non-compliance regarding its board composition (minimum, independent, and woman directors). The Board asserts directors are government-appointed and not ITDC's fault. They will seek a waiver of the fine after achieving full compliance.
ITDC received a fine for non-compliance regarding the minimum number of directors and independent directors. The Board attributes this to government appointments and plans to seek a waiver once compliance is achieved.
ITDC received approval from the Ministry of Tourism to extend the retirement age for its Board and below-Board level employees from 58 to 60 years. This operational change will impact workforce tenure and HR planning.