The pursuant to the Second proviso to section 149 of the Companies Act, 2013 read with their rules, The following class or classes of companies shall be appointed at least one women director in a company:-
- Every Listed Company.
- Every other public company having:
- Paid-up share capital 100 Cr or more.
- Turnover 300 Cr or more.
A company that has been incorporated under the Companies Act, 2013 and covered under this provision complies with such provision within a period of six months from the date of its incorporation.
Provided that any intermittent vacancy of women director shall be filled up by the board at the earliest but not later than the next board meeting or three months from the date of such vacancy, whichever is later.