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Woman Director

vidya burman (student) (15 Points)

30 April 2020

Suppose a Company exceeded it's paid up share capital and turnover in 31/3/18. So now till when the company should appoint a women director?

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4 Replies

sanjith kotni (Articled assistant) (663 Points)
Replied 30 April 2020

You should have appointed within six months from 31/03/2018.

And she should be continued as director in future also.

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vidya burman (student) (15 Points)
Replied 30 April 2020

Can you please give the reference in which section it is written so.

anil jain (Partner) (1072 Points)
Replied 30 April 2020

Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 prescribesfor every listed company and every public company having paid-up share capital of not less than Rupees one hundred crore or turnover of Rupees three hundred crore or more to appoint at least one woman director. There is no prohibition for appointment of a female relative of a director on the board of a company. Further, there is no proposal to prescribe any such restriction.