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As the Companies (Appointment and Qualification of Directors) Rules, 2014 stood in 2026, which unlisted public companies must have at least one woman director under rule 3?

Question and options

As the Companies (Appointment and Qualification of Directors) Rules, 2014 stood in 2026, which unlisted public companies must have at least one woman director under rule 3?

  1. Paid-up share capital of ₹10 crore or more, or turnover of ₹100 crore or more

  2. Paid-up share capital of ₹100 crore or more, and turnover of ₹300 crore or more

  3. Paid-up share capital of ₹50 crore or more, or turnover of ₹250 crore or more

  4. Paid-up share capital of ₹100 crore or more, or turnover of ₹300 crore or more

Answer and explanation

Correct answer: D - Paid-up share capital of ₹100 crore or more, or turnover of ₹300 crore or more

Under the second proviso to section 149(1) of the Companies Act, 2013 read with rule 3 of the 2014 Rules, every listed company, and every other public company with paid-up share capital of ₹100 crore or more or turnover of ₹300 crore or more, must appoint at least one woman director. The tests are alternatives, so meeting either one is enough; the figures are taken from the latest audited financial statements.

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