Case Law Analysis
|Calcutta High Court
Section 149 Companies Act | Substantive Proof Required for Women Director Compliance, Not Just Penalty Payment : Calcutta HC
Calcutta High Court ruled that mere payment of penalty does not constitute compliance with Section 149 of the Companies Act, 2013, requiring appointment of a woman director. The Court held that the question of compliance is a triable issue necessitating substantive evidence, impacting corporate governance standards for unlisted companies.