ICAI Handbook on Role of Women Directors in Companies
As per the statement given in the Govt., Rajya Sabha as on as on 31.03.2017, 25.01% of the directors on the boards of companies were women directors.
Section 149 of the Companies Act 2013 provides that every company shall have a Board of Directors. It also provides for minimum and maximum number of directors.
Rule 3 of the companies (Appointment and Qualification of Directors) Rules 2014, prescribes the class/classes of the companies to have at least one woman director.
Securities and Exchange Board of India (SEBI) has also mandated under SEBI (Listing Obligations and Disclosure Requirements) Regulations (LODR) 2015Â for appointment of at least one woman director on the boards of listed companies.
The requirements provided in SEBI LODR on composition of Board are different from those prescribed under the Companies Act.Â
ICAI, has issued a handbook on the role of women directors in companies which would serve as a reference book for the benefit and guidance of the women directors. It covers all the relevant provisions related to functioning of directors. It also contains important FAQs, checklists, Code of Conduct etc.
Download ICAI Handbook Click Here >>
- Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT
- Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT
- Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT
- Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII
- Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment
