Companies Act 2013 makes Appointment of Women Directors mandatory by certain companies

As per Provisions of sub section ‘1’ of Section 149 of Companies Act, 2013:

As per Provisions of Section 149 of Companies Act, 2013 read with Rule 3 Chapter XI, Companies (Appointment and Qualification of Directors) Rules, 2014:

The following class of companies shall be required to Appoint Women Director, namely:-

a)    All Listed Companies

b)   Every Public Company having a Paid-Up Share Capital of Rs. 100 Crore (One Hundred crore rupees) or more.

c)   Every Public Company having a Turnover of Rs. 300 Crore (Three Hundred crore rupees) or more

Transitional Period: Existing Company covered under any of the above criteria shall

Comply with the requirements within One year from 01^st April, 2014. (As per Section-149 sub section 5.)