DIRECTORS & KEY MANAGERIAL PERSONNEL

a) GENDER WISE DISTRIBUTIONS

Introduction of Companies Act 2013, mandated the appointment of a Women Director on Board for certain class of companies, which consequently resulted in rapid increase of women directors in India. This also supports the initiative of Women empowerment, as led by Government of India. This rise is further expected to increase in future, considering the contribution of women in Indian economy.

b) AGE WISE DISTRIBUTIONS

Twinning the Indian Demographics Profile, 2019 the Indian corporate sector too shows similar pattern in age wise distributions of directors and KMPs, currently existing in India. Maximum directors and KMPs belongs to age limit of 30 – 50 years, followed by 50 – 70 years.

FILING STATUS OF COMPANIES

2006 to 2019

Companies Act 2013 made filing of financial statements compulsory in XBRL format for certain class of companies. This change has led to constant increase in filings made by active companies in India. XBRL filing came into picture in 2011 and since then, its filings shows constant rise in every progressing year.



POSITIVE REPORTING

2006 to 2019

With greater emphasis on Corporate Governance, the last decade in India, witnessed a "Positive Trend" in Compliance Reporting. In Year 2020, 8410 companies were reported to have consistently filed their returns since 2006 – 2019. In 2020 alone, there was a percentage rise of 17% over the preceding year. With the stringency in the Penal Provisions contained in the Companies Act, 2013, this number is expected to rise even more rapidly in further years to come.






NUMBER OF DIRECTORS IN FOREIGN COMPANIES EXISTING IN INDIA

2006 to 2019

Economic Liberalization introduced in 90’s brought Foreign Direct Investments (FDI) in India which led to opening of many foreign companies. By providing a comfortable market and efficient human resources, Indian economy is witnessing high rise in opening of foreign companies in last decade.

Maximum Foreign companies existing in India are US based followed by UK and Japan and so the maximum directors of foreign companies existing in India shows same distributions too.





REGISTRATION TREND IN UNION TERRITORIES

2006 to 2019

Delhi being the Union Territory, making highest contribution in India’s GDP, holds approximately 18.2% of total companies’ registrations. Also it is interesting to note that number of Companies in Union Territory like Lakshdweep has been multiplied by 12 times from what it was in 2006. Puducherry becomes the fastest growing Union Territory among all, which indicates growing number of companies since 2012. 2019 formed UT, Leh has shown registration of few companies too.





STATES WITH MAXIMUM DIN REGISTRATIONS

2006 to 2019

Mr. Ratan Tata, chairman TATA Sons, is the first Indian director to be issued DIN by MCA in February, 2006. Since then obtaining of DIN became mandatory for every director in India. Maharastra appears to be the state with highest registration of DINs and is further followed by Delhi and Uttar Pradesh.