All about Women Directors, mandatory appointment of a Women Director.

As per second proviso to sub section 1 of section 149 , following class of companies to have at least one woman director mandatorily.

As per Rule 3 of Companies (Appointment and Qualifications of Directors) Rule 2014 - Women Director on Board:

Every listed company and
Every Unlisted company having-
(a) PSC of Rs 100 cr or more; or
(b) Turnover of Rs 300 cr or more

to have at least one woman director on Board.

Intermittent vacancy of Women Director:-

It should be filled at the earliest but not later than immediate next board meeting and within 3 months from such vacancy whichever is later.

For example-
Monu Steels Limited, a public company having only one women director on Board. Office of such woman director become vacant due to her sudden demise on 29.09.2020. New women director is appointed in Board Meeting held on 10.01.2021.

The above appointment is valid as per the provisions of Rule 3 provided board meeting held on 10.01.2021 is the immediate next board meeting after 29.09.2020, as the vacancy of woman director should be filled at the earliest but not later than immediate next board meeting or within 3 months whichever is later.

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