COMPANIES ACT,2013 - STUDENTS UPDATE WOMAN DIRECTOR - TO BE APPOINTED IN CERTAIN COMPANIES UNDER COMPANIES ACT 2013. I. The following class of companies shall appoint at least one woman director-(i) every listed company; (ii) every public company having paid–up share capital of Rs.100 crore or more; or (iii) every public company having turnover of Rs.300 crore or more. II. The paid up share capital or turnover, as the case may be, shall be on the last date of latest audited financial statements. III. Companies which are existing before commencement of this act shall comply with the above requirements within one year from such commencement. IV. If the company which is required to appoint a Woman Director fails to comply with the provisions, then the company and every officer of the company who is in default shall be punishable with fine of Rs.50,000 which may extend to Rs.5,00,000. Source: As per MCA notified Chapter XI rules
Posted on: Mon, 14 Apr 2014 15:45:57 +0000
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