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Your partner from St...ย โ€ขย 14h

MCA Cracks the Whip: Non-Appointment of Woman Director Now Under the Scanner A fresh notice from the Ministry of Corporate Affairs (MCA) has put companies on alert penalizing those who failed to appoint a Woman Director under Section 149(1) of the Companies Act, 2013. What does the law mandate? Every listed company and every public company with: Paid-up share capital of โ‚น100 crore or more, or Turnover of โ‚น300 crore or more must appoint at least one woman director on its board. Yet, despite the clarity of the law, many companies remain unaware or negligent โ€” and now face financial penalties and compliance scrutiny. This recent enforcement move is a wake-up call for company directors and compliance officers across India. This isnโ€™t just a tick-box regulation. It reflects a larger shift toward inclusive and diverse corporate governance โ€” and the MCA is making it clear: compliance is non-negotiable. If you're part of a leadership team, ask yourself: Is our board structure compliant? Have we conducted a recent compliance audit? Are we aware of real-time MCA enforcement trends? Staying updated with evolving corporate law is not just good governance itโ€™s essential risk management. Letโ€™s use this moment to drive awareness, encourage better board practices, and promote gender diversity where it matters most at the top. #CorporateLaw #CompaniesAct2013 #MCA #WomanDirector #BoardCompliance #Governance #CompanySecretaries #BusinessLaw #Leadership #WomenInLeadership #ComplianceAlert #IndiaBusiness #Entrepreneurship #LegalUpdate

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