The Companies Act mandates every listed company and every public limited company with paid-up capital of ₹100 crore or more, or sales of ₹300 crore or more, to have at least one woman director. They also have to fill up intermittent vacancy of the woman director diligently.
Several companies, including state-owned ones under the jurisdictions of Registrars of Companies (RoCs) in Delhi, Kanpur and Bihar, have been found to be in default, one of the two people cited above said on the condition of anonymity. Authorities have already taken up the matter with several companies, and in some cases, notices are about to be issued.
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