25% of directors on board of companies are women: Govt
Published: Dec 19, 2017
By TIOLCORPLAWS News Service
NEW DELHI, DEC 19, 2017: IN reply to a question in Rajya Sabha, the Minister of State for Law & Justice or Corporate Affairs, Mr. PP Chaudhary stated that as per information extracted from MCA21 Registry, as on March 31, 2017, 25.01% of the directors on the boards of companies are women directors. The Government and Securities and Exchange Board of India (SEBI) have not prescribed any target for companies to have 20% women on the boards of the companies by the year 2020.
Section 149 of Companies Act, 2013 read with the corresponding rules requires every listed company and prescribed class of companies to have a women director. The SEBI has also mandated under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for appointment of at least one woman director on the boards of listed companies.