Lok Sabha Question No. 935 (UNSTARRED), answered on 2024-12-02
Subject: Women’s representation in Board of Directors in Companies
Ministry: CORPORATE AFFAIRS
Asked by: Shri S Venkatesan, Shri Lavu Sri Krishna Devarayalu

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 935 ANSWERED ON MONDAY, 02 nd  DECEMBER 2024 AGRAHAYANA 11, 1946 (SAKA)

Women's representation in Board of Directors in Companies

935.  Shri Lavu Sri Krishna Devarayalu:
2. Shri S Venkatesan:

Will the Minister of CORPORATE AFFAIR be pleased to state:

- (a) the number of listed and unlisted public companies with paid-up capital of Rs. 100 crore or turnover of Rs. 300 crore in the country;
- (b) the total number of Directors in the Board of these companies and women Directors among them, company-wise;
- (c) the details of the number of companies nationwide and specifically  in  Andhra  Pradesh  that  have  been  subjected  to  penal action  for  non-compliance  of  appointing  a  woman  director  on  their board, along with year-wise details of penalties imposed and collected;
- (d) whether the Government has reviewed the impact of this mandate on gender diversity in corporate boards across the country and if so, the details thereof; and
- (e) whether there are any further plans to strengthen gender diversity initiatives within companies and if so, the details thereof?

## ANSWER

Minister of State in the Ministry of Corporate Affairs; Minister of State in the Ministry of Road Transport and Highways.

(Shri Harsh Malhotra)

- (a) :  As  on  15.11.2024,  there  are  1,708  no.of  ListedCompanies  and 3,383 no. of UnlistedPublic Companies having a paid-up capital of Rs. 100 crore and more or turnover of Rs. 300 crore and more.
- (b) :  As per the Companies Act, 2013, private companies are required to have minimum 2 directors and public companies are required to have minimum 3 directors on their Board.  As such the total no. of directors in  the  above-mentioned  companies  are  34,121  out  of  which  6,639
- directors are women. List of these companies can be seen at the link :

https://www.mca.gov.in/bin/dms/getdocument?mds=TBcEyK2hZgZSiV1 %252BDwMYTw%253D%253D&type=open  and https://www.mca.gov.in/bin/dms/getdocument?mds=%252BD%252BoVG GX%252FaE2wYigRPBl%252BQ%253D%253D&type=open

(c) : As per Second proviso to sub-section (1) of section 149 of the Act a prescribed class of companies  shall have at least one-woman director. As per Rule 3 of Companies  (Appointment and Qualification of Directors)  Rules,  2014,  every  listed  company  and  every  other  public company  having  paid  up  share  capital  of  Rs.  100  crore  or  more  or having  a  turnover  of  Rs.  300  crore  or  more  is  required  to  appoint  at least one-woman directoron its board. In case a company makes default in  complying  with  this  provision  of  the  Act,  the  company  and  every officer of the company who is in default is liable for penalty provided under section 172 of the Act.

Section 172 of the Act was a criminal offence till the Companies (Amendment) Act, 2020 on 28.9.2020.  The violation of section 149 of the  Act  after  notification  is  subject  to  adjudication.    In  case  of  nonpayment  of  adjudication  penalty,  prosecution  is  filed  by  Registrar  of Companies u/s 454 of the Act.  Year-wise details of penalties imposed and collected, for the last 3 years is attached as per Annexure -I and the list of prosecutionsfiled are as per Annexure -II.Penal action has not been taken against any company registered in the State of Andhra Pradesh.

- (d) &  (e)  :  There  were  no  provisions  making  it  mandatory  for  a prescribed class of companies to have at least one-woman director, as mentioned  above,  in  the  Companies  Act,  1956.  The  above-mentioned provisions in the Act have been inserted with a view to encourage the participation  of  women  in  the  management  and  decision  making process in the identified class of companies.   There is no proposal to further amend the above provisions at present.

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Annexure -I

List of year-wise  details  of  penalties  imposed  and  collected  for violation of Section 149 of the Companies Act, 2013.

|   S. No. | Financial Year   | Companies Name                            | CIN                    | Penalty imposed   | Penalty collected   |
|----------|------------------|-------------------------------------------|------------------------|-------------------|---------------------|
|        1 | 2021-22          | Reliance Broadcast Network Limited        | U64200MH200 5PLC158355 | 6,10,500          | 6,10,500            |
|        2 | 2021-22          | Great Western Industries Limited          | U93090TN199 7PLC037593 | 1,59,000          | 1,59,000            |
|        3 | 2022-23          | UGL Engineering Private Limited           | U74999MH201 3PTC246084 | 2,70,000          | 2,70,000            |
|        4 | 2022-23          | Juhu Beach Resorts Limited                | U55200MH197 4PLC017128 | 2,50,000          | 2,50,000            |
|        5 | 2022-23          | Securekloud Technologies Limited          | L72300TN199 3PLC101852 | 2,50,000          | 2,50,000            |
|        6 | 2022-23          | Premier Energy and Infrastructure Limited | L45201TN198 8PLC015521 | 1,50,000          | 1,50,000            |
|        7 | 2022-23          | Gemmia Oiltech (India) Limited            | L74999TN199 3PLC026312 | 1,00,000          | 1,00,000            |
|        8 | 2022-23          | Sapphire Media And Infrastructure Limited | L93090TN199 7PLC039630 | 2,00,000          | 2,00,000            |
|        9 | 2022-23          | Sarash Industries Limited                 | L51909TN199 5PLC030554 | 2,00,000          | 2,00,000            |
|       10 | 2022-23          | Easun Reyrolle                            | L31900TN197 4PLC006695 | 50,000            | 50,000              |

|    |         | Limited                                            |                        |          | 7,50,000         |
|----|---------|----------------------------------------------------|------------------------|----------|------------------|
| 12 | 2023-24 | JM Financial Properties and Holdings Limited       | U65990MH201 0PLC201513 | 4,85,500 | 4,85,500         |
| 13 | 2023-24 | MSRDC Sea Link Limited                             | U45200MH201 8SGC315536 | 1,85,000 | Penalty not paid |
| 14 | 2023-24 | Krishna Solvechem Limited                          | U51102MH200 6PLC160204 | 4,85,000 | Penalty not paid |
| 15 | 2023-24 | Shankar Packaging Limited                          | U25202MH198 5PLC036120 | 4,85,000 | 4,85,000         |
| 16 | 2023-24 | City Corporation Limited                           | U45202PN200 3PLC018435 | 5,20,500 | 5,20,500         |
| 17 | 2023-24 | Info-Drive Software Limited                        | L36999TN198 8PLC015475 | 1,00,000 | 1,00,000         |
| 18 | 2023-24 | Pentagon Global Solutions Limited                  | U73100TN199 5PLC030734 | 4,00,000 | Penalty not paid |
| 19 | 2023-24 | Helios And Matheson Information Technology Limited | L72291TN199 1PLC020443 | 2,00,000 | 2,00,000         |
| 20 | 2023-24 | Dolariel Financial Services Limited                | U65191TN199 3PLC026395 | 1,00,000 | 1,00,000         |
| 21 | 2023-24 | Rock Hard Petro Chemical Industries Ltd            | L24111MP197 4PLC001297 | 8,00,000 | Penalty not paid |
| 22 | 2023-24 | DujohnLabora                                       | L24232MP199            | 6,00,000 | Penalty          |

|    |         | tori Limited                          | 2FLC007258             |          | not paid         |
|----|---------|---------------------------------------|------------------------|----------|------------------|
| 23 | 2023-24 | Maya Spinners Limited                 | L17124MP198 4PLC002612 | 6,00,000 | Penalty not paid |
| 24 | 2023-24 | Sanghvi Asbestos Cements Limited      | L26942MP198 4PLC002520 | 5,00,000 | Penalty not paid |
| 25 | 2023-24 | We Internet Limited                   | L70100MP198 0P1C001643 | 6,00,000 | Penalty not paid |
| 26 | 2023-24 | GFI Financials India Limited          | L67120MP199 2PLC007196 | 4,00,000 | Penalty not paid |
| 27 | 2023-24 | C.T. Cotton Yarn Limited              | L17111MP199 3PLC007834 | 6,00,000 | Penalty not paid |
| 28 | 2023-24 | E-Metals India Limited                | L67120MP199 3PLC007899 | 5,00,000 | Penalty not paid |
| 29 | 2023-24 | M.P. Telelinks Limited                | L31200MP199 4PLC008359 | 6,00,000 | Penalty not paid |
| 30 | 2023-24 | Endo Labs Limited                     | L24232MP199 4PLC008476 | 8,00,000 | Penalty not paid |
| 31 | 2023-24 | Global Films and Broadcasting Limited | L09233MP199 5PLC009505 | 5,00,000 | Penalty not paid |

*******

## List of the year-wise of prosecution filed for violation of Section 149 of the A Companies Act, 2013.

|   S. No. | Financial Year   | Companies Name                          | CIN                   |
|----------|------------------|-----------------------------------------|-----------------------|
|        1 | 2021-22          | Acclaim Industries Limited              | L74950MH1991PLC068270 |
|        2 | 2021-22          | SuryodayAllo-Metal Powders Limited      | U27203PN1993PLC074773 |
|        3 | 2023-24          | Satkar Electronics Limited              | L32300MH1987PLC045274 |
|        4 | 2023-24          | Ghodwat Consumer Limited                | U15100PN2002PLC017370 |
|        5 | 2023-24          | Marmagoa Steel Limited                  | L27106GA1987PLC000764 |
|        6 | 2023-24          | Rock Hard Petro Chemical Industries Ltd | L24111MP1974PLC001297 |
|        7 | 2023-24          | DujohnLaboratory Limited                | L24232MP1992FLC007258 |
|        8 | 2023-24          | Maya Spinners Limited                   | L17124MP1984PLC002612 |
|        9 | 2023-24          | Sanghvi Asbestos Cements Limited        | L26942MP1984PLC002520 |
|       10 | 2023-24          | We Internet Limited                     | L70100MP1980P1C001643 |
|       11 | 2023-24          | GFI Financials India Limited            | L67120MP1992PLC007196 |
|       12 | 2023-24          | C.T. Cotton Yarn Limited                | L17111MP1993PLC007834 |
|       13 | 2023-24          | E-Metals India Limited                  | L67120MP1993PLC007899 |
|       14 | 2023-24          | M.P. Telelinks Limited                  | L31200MP1994PLC008359 |
|       15 | 2023-24          | Endo Labs Limited                       | L24232MP1994PLC008476 |
|       16 | 2023-24          | Global Films and Broadcasting Limited   | L09233MP1995PLC009505 |

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