08 March 2011

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One Director should be women - Mandatory Provision in New companies Bill

One Director should be women -
Mandatory Provision in New companies Bill

The new Companies Bill makes it mandatory for any board with 5 directors to have at least one woman candidate.

The new Companies Bill will replace a fifty year old act.



Finance Minister Pranab Mukherjee said last week, "The Companies Bill introduced in Parliament in 2009 has been received from Parliamentary Standing Committee.
The proposed bill will be introduced in the Lok Sabha in the ongoing session

This new proposal will be inserted in the Companies Bill before being tabled in Parliament.
The bill is awaiting the Cabinet's nod.


Reality views by sm –
Tuesday, March 08, 2011

Keywords - company law, International Women's day, one female director

4 comments:

DEVIL'S BLOG ON SECURITY March 09, 2011  

I still feel it will not make any difference

sm,  March 09, 2011  

Devil blog,,
thanks

BK Chowla, March 09, 2011  

So what? Now the MD's wife will join the board

sm,  March 09, 2011  

BK chowla,,
thanks.
family females will join.