To ensure safety of workplaces in the private sector, the Ministry of Corporate Affairs, vide a notification amended the Companies (Account) Rules, 2014 has made it mandatory for all PRIVATE COMPANIES to make disclosure of compliance under POSH through their Annual Board Report.
Companies will now need to ensure full compliance with the POSH Act within their offices. Among many other mandatory guidelines provided under POSH Act,
a] every Company with more than 10 members needs to ensure that they have a Anti-Sexual Harassment Policy within their companies;
b] form Internal Committees within their offices,
c] ensure that mandatory trainings are completed each year for their employees and Internal Complaints Committee;
d] ensure that mandatory disclosures on the number of complaints received and disposed are made in the annual report required under the Act itself.
Even though compliance of the POSH Act is mandatory through the 2013 Act itself, yet thousands of companies in India were still non-compliant due to lack of checks by an appropriate authority.
This amendment in the larger framework of Companies Act 2013 will push the issue of ensuring safety at workplace in the forefront and will not be seen as a mere social responsibility by corporates.
Get in touch with GenderLegaL team at 9561852500/ 8407816842 or write to us at email@example.com to understand more about the compliance required to be done at your workplace under POSH.