ROC Kolkata has penalized a company and its directors for failing to appoint a woman director in time, stipulating that operational difficulties do not excuse non-compliance with statutory mandates.
Penalties for Failure to Appoint Woman Director
The ROC Kolkata has penalized a company and its directors ₹5 lakh for not appointing a woman director within the legally prescribed timeframe after surpassing a turnover of ₹300 crore. The ruling emphasizes that factors like operational difficulties or delays in identifying suitable candidates cannot justify statutory non-compliance.
This ruling reinforces the mandate for woman directors in Indian companies to promote gender diversity at the board level, aligning with the objectives of corporate governance regulations.
Practitioners should ensure compliance with gender representation mandates to avoid penalties and enhance diversity within corporations.
Citations
- Woman Director Non-Compliance (2026) ROC Kolkata
