Inclusion of Women in Board of Directors of Companies
IndiaCSR News Network
NEW DELHI: Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 makes it mandatory for every listed company and every public company having paid-up share capital of not less than Rupees 100 crore or turnover of Rupees 300 crore or more to appoint at least one woman director. Smt. Nirmala Sitharaman, Minister of State in the Ministry of Corporate Affairs informed in written reply to a question in the Rajya Sabha on July 15, 2014.
“As per information obtained from MCA21 database, there are 1,26,077 public limited companies in the country. 4,83,323 companies, including public limited companies, are having women Directors as Board Members.” Minister added.