Explain in brief: Appointment of Woman Director under Company Act, 2013.

CS Professional · Ethics, Governance and Sustainability · PYQS · December 2021
Explain in brief: Appointment of Woman Director under Company Act, 2013.

Answer & Explanation:

Section 149(1) of the Companies Act, 2013 and Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2014 provides that the following class of company shall appoint at least one woman director: every listed company; every other public company having :- paid-up share capital of one hundred crore rupees or more; or turnover of three hundred crore rupees or more. A company shall comply with the provisions within a period of six months from the date of its incorporation. However, any intermittent vacancy of a woman director shall be filled-up by the Board at the earliest but not later than immediate next Board meeting or three months from the date of such vacancy whichever is later.

Topics: Corporate Governance

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