Nearly 11.6 Lakh Women Directors associated with Public and Private companies

Multiple initiatives taken to encourage women participation in decision making in companies

The cumulative number of women directors in listed companies, un-listed public companies and private companies as on 30 November 2024 are as follows;

 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.
• If a company makes default in complying with this provision of the Act, the company and every officer of the company who is in default, is liable for penalty provided under section 172 of the Companies Act, 2013.

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 today.