Home       Top Rated       Submit Article     Advanced Search     FAQ       Contact Us       Lawyers in India       Law Forum     RSS Feeds     

Register your Copyright Online

We offer copyright registration right from your desktop click here for details.

Latest Articles | Articles 2014 | Articles 2013 | Articles 2012 | Articles 2011 | Articles 2010 | Articles 2009 | Articles 2008 | Articles 2007 | Articles 2006 | Articles 2000-05

Search On:Laws in IndiaLawyers Search

Mutual Consent Divorce in Delhi
We provide fast, cost effective and Hassle free solution.
Contact us at Ph no: 9650499965 (Divorce Law Firm Delhi)

E-mail login                       Password

Free Email Sign Up

Main Categories
 Accident Law
 Aviation Law
 Banking and Finance laws
 Case Laws
 Civil Laws
 Company Law
 Constitutional Law
 Consumer laws
 Contracts laws
 Criminal law
 Drug laws
 Dubai laws
 Educational laws
 Employment / Labour laws
 Environmental Law
 family law
 Gay laws and Third Gender
 Human Rights laws
 Immigration laws
 Insurance / Accident Claim
 Intellectual Property
 International Law
 Juvenile Laws
 Law - lawyers & legal Profession
 Legal Aid and Lok Adalat
 Legal outsourcing
 Media laws
 Medico legal
 Real estate laws
 Right To Information
 Tax Laws
 Torts Law
 Woman Issues
 Workplace Equality & Non-Discrimination
 Yet Another Category

More Options
 Most read articles
 Most rated articles

Subscribe now and receive free articles and updates instantly.


Copyright Registration

To Copyright Your Books, Videos, Songs, Scripts etc
Call us at: 9891244487 / or email at: admin@legalserviceindia.com
Top Law Colleges

Law Updates:

# Income-Tax
# Family law
# Company Law
# Constitutional Law
# Partnership firms
# Immigration Law
# Cyber Law
# Lok Adalat, legal Aid & PIL
# Forms
# Trademarks
# Woman issues
# Medico Legal
# Consumer laws
# Criminal laws
# Supreme Court Judgments

Published : October 05, 2014 | Author : harshalmorwale
Category : Company Law | Total Views : 3235 | Rating :

Harshal Morwale 2nd Year Law Student [LLB 5 years] From Akola, India Blogger on Law Web.

Has Companies Act, 2013 really enhanced position of women in corporate world?

At the start of this millennium, people of all the democracies all over the world had a dream in those eyes – To tear all the boundaries, destroy all the inequalities in the society and establish an equal and justly community. World has always been, diseased with caste system, gender bias and economical differences. But as I mentioned, we are trying to change and one of the important part of this change is “Companies Act, 2013”. Companies Act, 2013 has made provisions for gender equality, but are the corporate giants skirting these provisions?

New provisions about woman in Companies Act, 2013

Section 149 (1) of Companies Act, 2013[1] makes it necessary for the listed companies and certain other public companies to appoint at least 1 woman director on its board. Companies incorporated under Companies Act, 2013 shall be required to comply with this provision within 6 months from date of incorporation. In case of companies incorporated under Companies Act, 1956, companies are required to comply with the provision within a period of 1 year from the commencement of the act.

Why are these provisions added to the act?
Gender bias has been the problem not only in India, but even in developed countries like USA, UK, etc. So, yes there’s much scope for us to change. It’s time we give our female counterparts equal opportunities for betterment of humanity. To reduce this gender bias a provision in law can prove enough. And there might be a question in your mind do they really add value to the company? Answer is in the next point.

Do women on the board of directors really add significance?

According to a research paper –“Women on Boards of Directors" [2], presence of women on board of directors appears to have a positive influence on shareholder value at the global level. Also according to the report of research organization “Catalyst” [3] - Fortune 500 companies with the highest representation of women board directors attained significantly higher financial performance, on average, than those with the lowest representation of women board directors. So, yes inclusion of women on board of directors does add value to company’s financial performance.

Has the act really augmented the position of women in Indian Corporate Jungle?
The Act was really supposed to improve the position of women or dignify them but still, after one year of the commencement of the Act we’re skeptical about it.

The reasons behind it? Let’s see-
1. According to a report published on Economic Times’ online edition on Jun 10, 2014 –“India Inc still favours women of family, friends or prefer well-known names” [4]. The report mentions the name of several companies and their recently appointed women directors, who are either too popular or a family member. We can clearly see here, may be the competent women are not securing the spots here.

2. Only 4% of Indian company directors are women according to a report [5]. India has two companies in the Fortune 500, Reliance Industries and Indian Oil, but only one of their total of 30 directors is a woman, the report noted.

3. In August, 2014 just 2 months away from deadline of compliance of condition to appoint women on board of directors, 904 listed companies were yet to appoint women directors [6]. This non-compliance was a serious issue until the Securities and Exchange Board of India (Sebi) [7] threw a lifeline at India Inc extending the deadline till April, 2015. The point here to consider is, do these corporate giants still consider the conditions seriously, because it clearly looks like they don’t.

Last Word
Companies Act, 2013 has done its part, by putting provisions but now it’s up to these companies to use these provisions in a constructive way. One of such constructive way was keenness of India Inc to build a pipeline of women executive directors from within the rank and file through rigorous mentoring programmes. The programme initiated by Arun Duggal, the chairman of Shriram Capital is expected to create 100 board-ready women by this year. Among other mentoring initiatives, the Women in Leadership (WILL) Forum has been running a programme called 'Women on Boards Mentoring Series'. Corporates like TCS, Aditya Birla Group, Vodafone and Capgemini are members of the WILL Forum and have been putting high-potential women executives through such mentoring programmes to build their aspiration levels for board positions [4]. Let’s hope in recent future these initiatives and the Act, gives a whole new point where we have equal rights for women to vote on our boards.
[1] Companies Act, 2013 - http://indiacode.nic.in/acts-in-pdf/182013.pdf
[2] Women on Boards of Directors -Do they add value? By - Eleonora Cenci, Andreas Hoepner, Michael Rezec & Andrea Schertler –
[3] The Bottom Line: Corporate Performance and Women’s Representation on Boards – Catalyst - http://www.catalyst.org/media/companies-more-women-board-directors-experience-higher-financial-performance-according-latest
[4] India Inc still favours women of family, friends or prefer well-known names – The Economic Times – June 10, 2014 - http://articles.economictimes.indiatimes.com/2014-06-10/news/50478535_1_women-executives-will-forum-board-positions
[5] Only 4% of Indian company directors are women: report – Business Standard - http://www.business-standard.com/article/reuters/only-four-percent-of-indian-company-directors-are-women-report-114080701248_1.html
[6] 904 listed companies yet to appoint women directors: Report – The Economic Times - http://articles.economictimes.indiatimes.com/2014-07-07/news/51133455_1_sebi-norms-women-directors-woman-director
[7] Corporate India gets reprieve on governance norms – Business Standard - http://www.business-standard.com/article/reuters/only-four-percent-of-indian-company-directors-are-women-report-114080701248_1.html


1 2 3 4 5
Rate this article!     Poor

Most viewed articles in Company Law category
Globalization & its impact on Indian Economy: Developments and Challenges
Winding Up of a Company
Retrenchment under Industrial Dispute Act, 1947
Dissolution of partnership firm
Articles of Association & Alteration of Articles
ADR Mechanism in India
Which employees do not fall under the ambit of Industrial Dispute Act, 1947
Demerger under Company Law
Directors & Their Liabilities
Corporate Personality
Prevention of oppression & mismanagement
Appointment, Disqualification And Liabilities Of Directors of A Company: A Legal Perspective
Remuneration of Directors
Position of a promoter in establishing a Company
Minority Rights on Oppression and Mismanagement Under Companies Act, 1956 And Companies Bill, 2011
Corporate Social Responsibility
Most recent articles in Company Law category
Various Committees and provisions under Companies Act, 2013
Incorporation of A Public limited Company
Competition Law and Role of merger
Incorporation of A Private limited Company Under Companies Act 2013
One Person Company
Corporate Criminal Liability: A Jurisprudential and Comparative Approach
Distribution arrangement, whether it creates a permanent establishment
Doctrine of Alter Ego and Attribution
Fast Track Exit
Voluntary winding-up of the Company by Members
Corporate Renaissance
Trade, Commerce and Intercourse
The Corporate as a Criminal
Need For Corporate Social Responsibility
Role of Securities Exchange Board of India
Establishment of Foreign Entity in India

Article Comments

there are no comments...

Post Your Comments


Your comments

Note : Your email address is only visible to admin, other members / users cannot see it.

You can use following FXCodes

BOLD : [b]
Italic : [i]

[b] Legal Services India [/b] is a [i]nice website[/i].
[url= http://www.legalservicesindia.com/article/ ]click here to visit.[/url]

Legal Services India is a nice website.
Click here to visit


Note : Currently, user comments are moderated and will be posted only after approval.

Please login or register a new free account.

Random Pick
Through this article an attempt has been made to compare the concepts of common intention and common object under the Indian Penal Code, 1860 in a very lucid manner by taking into consideration the relevant provisions and case laws on the point. The distinction between common intention and common object has also been pointed out elaborately...

» Total Articles
» Total Authors
» Total Views
» Total categories

Law Forum

Legal Articles

Lawyers in India- Click on a link below for legal Services

lawyers in Chennai
lawyers in Bangalore
lawyers in Hyderabad
lawyers in Cochin
lawyers in Pondicherry
lawyers in Guwahati
lawyers in Nashik

lawyers in Jaipur
lawyers in New Delhi
lawyers in Dimapur
lawyers in Agra
Noida lawyers
lawyers in Siliguri

For Mutual consent Divorce in Delhi

Ph no: 9650499965
For online Copyright Registration

Ph no: 9891244487
Law Articles

lawyers in Delhi
lawyers in Chandigarh
lawyers in Allahabad
lawyers in Lucknow
lawyers in Jodhpur
Faridabad lawyers

lawyers in Mumbai
lawyers in Pune
lawyers in Nagpur
lawyers in Ahmedabad
lawyers in Surat
Ghaziabad lawyers

lawyers in Kolkata
lawyers in Janjgir
lawyers in Rajkot
lawyers in Indore
lawyers in Ludhiana
Gurgaon lawyers


India's Most Trusted Online law library
Legal Services India is Copyrighted under the Registrar of Copyright Act ( Govt of India) 2000-2017
 ISBN No: 978-81-928510-1-3