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11.6 Lakh Women Directors associated with Public and Private companies

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Nearly 11.6 Lakh Women Directors are associated with Public and Private companies. This information given on 17 December by the Ministry of Corporate Affairs. The Ministry of Corporate Affairs with a view to encourage women participation in decision making at various levels in companies, has included the following provisions in the Companies Act, 2013, Second proviso to sub-section (1) of section 149 of the Companies Act, 2013 (Act) provides that prescribed class of companies shall have at least one-woman director.

Further, as per Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2024, every listed company and every other public company having paid up share capital of Rs. 100 crore or more or having turnover of Rs. 300 crore or more, is required to appoint at least one-woman director.

The Minister of State in the Ministry of Corporate Affairs and Minister of State in the Ministry of Road Transport and Highways, Shri Harsh Malhotra stated this in a written reply in Rajya Sabha on 17 December.