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Inclusion of Women Director in Company Board of Directors: Gain or Loss for the Company under the New Companies Act 2013
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Dr. Biranchi Narayan P Panda
Assistant Professor at Xavier Law School, XIM University Bhubaneswar, India
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Dr. Narayan Chandra Sarangi
Dean Academics at Xavier Law School, XIM University Bhubaneswar, India
Abstract
Since its inception, Indian society has been dominated by men. Women were always thought to be inferior to men. But the time has passed. In the Indian society, various laws are enacted to provide women with security and special status. For many years, the government has also provided tax breaks to women. Some legal provisions exist solely to benefit women in society. The second proviso to section 149(1) of the Companies Act, 2013, which provides for the appointment of women directors, is an effort to empower women in India. The current paper focuses on the inclusion of women director in company board of directors, issues and challenges of female board representation and assessed whether the inclusion has profited the company or not.
Type
Article
Information
International Journal of Law Management and Humanities, Volume 6, Issue 1, Page 1416 - 1424
DOI: https://doij.org/10.10000/IJLMH.114201Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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