Inclusion of Women Director in Company Board of Directors: Gain or Loss for the Company under the New Companies Act 2013
Lead author · Corresponding
Dr. Biranchi Narayan P Panda
Assistant Professor at Xavier Law School, XIM University Bhubaneswar, India
Co-author
Dr. Narayan Chandra Sarangi
Dean Academics at Xavier Law School, XIM University Bhubaneswar, India
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DOIhttps://doij.org/10.10000/IJLMH.114201
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.
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