Women director

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Is women director need to be an independent director?please quote the provisions...
Replies (15)

Below are the provisions from the act:

The category of companies which need to comply with the requirement of having at least of one woman director are as follows:
[section 149(1) of 2013 Act]
(i) Every listed company, within one year from the commencement of second proviso to sub-section (1) of section 149
(ii) Every other public company that has paid–up share capital of one hundred crore rupees or more, or a turnover of three
hundred crore rupees or more within three years from the commencement of second proviso to sub-section (1) of section 149

Hello,

 

i dont think anywhere it is mentioned expressly about the same  so as per my interpretation woman director can be MD/ED/ID .

Further the rule 4 of Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014 say about sitting fees to ID and woman directors , please read that as well.

 

contrary view solicted.

 

 

CA, 2013 and Rules are Silent about Category of Women Director.

No richa....no where it is mentioned that women director has to be an independent director.....recent example is in RIL nita ambani has been appointed as a director on the Board to comply with the requirement.......she definitely is not an ID to it......
Within how much time a listed public company register under Companies Act,2013...shall appoint ID director ??
For independent director there is no transition period, act n rules are silent.
Mohit, ID are tobe appointed within one year from the commencement of the relevant provision.....i.e. sec 149

Hello ,

but if the company is listed , need to comply before 30.09.2014.

Incase of listed company , all the deadlines which are given in The Companies Act 2013 needs to be studied with the requirement of revised clasue 49 of the listing agreement applicable from 01.10.2014.(pl.refer sebi circular of april-14 month)

e.g.we may have one year deadline as per CA-2013 but as per revised cl.49 of Listing agreeent it has to be complied by 30.09.2014.(

Contrary view solicited

regds

Vandana mam....no where is mention in sec.149 n rules there wid...dat ID hv to appoint within one yr....
Plzz..give me source where it is written...

Hello

pl.read the whole section of ID and also the last para .

further , there are two things which is to be studied while reading the sections for transition period there are two terminology -( 1) The companies which are incorporated earlier to the commencement  of CA-2013 (menas under CA-1956) and (2) The Companies which are incorporated under CA-2013.

THEY HAVE GIVEN TWO TYPES OF TRANSITION PERIOD ON THE BASIS OF ABOVE WHICH PLEASE BE NOTED.

 

regds

1 yr given only 4 existing compnay(i.e. regi. before 2013 Act...n it is given in sec.149(5)....correct me...if am wrong...

Yes mohit you are write....it is given in sec 149(5)

ThankU...mam...bt i want 2 knw...dat...nw what is goin in practical life...are company appointing ID dirctors...which are register under CA,2013 ??


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