Women in corporate boards

Women in corporate boards

Section 149 second proviso rto sub-section 1 of the Companies Act, 2013 read with Rule 3 of Companies (Appointment and Qualification of Directors) Rules, 2014, provides that 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 mandated to appoint at least one woman director. This aims at providing an opportunity for women's participation in governance and decision making process of corporates.