Our society had always been a male dominated society, with corporate world not being an exception to this trend. Women since ages had been striving hard to find a place for themselves in our society, and with the inclusion of women on the Board of a certain class of companies, the Indian Government initiated a welcome step towards diversification of our corporate world and thereby opening a plethora of opportunities for women to explore. Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 gives a brief overview of this novel concept.
A new sub-clause in the declaration column of Form DIR-2 and Form DIR-3 has been inserted vide Companies (Appointment and Qualification of Directors) Amendment Rules, 2022 (dated: 1st June, 2022) which states that the Director shall check the declaration as to whether he/she is required to obtain the security clearance from the Ministry of Home Affairs, Government of India before seeking appointment as director or the same has been obtained and is attached, as may be the case.
The Ministry of Corporate Affairs had notified Companies (Appointment and Qualification of Directors) Amendment Rules, 2023 (dated: 20th January, 2023) by which in form DIR-12: