Press Information Bureau
Government of India
Ministry of Corporate Affairs
10-May-2016

Compliance of SEBI Directive on Women Director

The requirement of appointment of woman director emanates from Section 149 of Companies Act, 2013.  SEBI has mandated that listed companies to appoint one woman director on its board.  Companies can appoint any woman as director who is not otherwise disqualified for appointment as a director in terms of requirements of the Companies Act, 2013 and such a director can be either executive or non-executive or independent or non-independent director.

As per inputs of SEBI, details of woman directors on the boards of listed companies as on March 31, 2016 is as under:

ParticularsBSENSE
Total number of listed companies54511759
Number of companies that have appointed woman director41281568
Number of companies that have not appointed woman director1323191
Number of non-compliant active companies18742
Number of non-compliant suspended companies1136149

SEBI has not mandated any requirement for listed companies to report whether a director is a family member of promoter or top executive.  Therefore, data related to woman director being family member of promoters or top executives is not available with stock exchanges.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha today.

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Tags : Companies Act (1525) Companies Act 2013 (1279) directors (6)

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