raghava (cs) (43 Points)
02 April 2015Dear Professionals,
I have query regarding appointment of woman Director on the Board by Unlisted public companies (mandatorily appoint woman director on the Board on or before 31.03.2015)
1. If a Unlisted Public company does not appoint woman director as per the provisions of 149(1) of the Act what are the remedies available can they seek any extension with CLB /RD
2. If not what are the consquences to be faced by the company
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 02 April 2015
There is no provision for extension of time. In case of contravention the company shall be liable for penalty u/s 450.
CAclubindia
