Class of companies designation: public companies meeting capital and turnover thresholds permitted multiple CEOs under section 203. Public companies with paid-up share capital of one hundred crore or more and annual turnover of one thousand crore or more are designated as a class for the second proviso to sub-section (1) of section 203 where they engage in multiple businesses and have appointed a Chief Executive Officer for each such business; thresholds are determined from the latest audited balance sheet.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Class of companies designation: public companies meeting capital and turnover thresholds permitted multiple CEOs under section 203.
Public companies with paid-up share capital of one hundred crore or more and annual turnover of one thousand crore or more are designated as a class for the second proviso to sub-section (1) of section 203 where they engage in multiple businesses and have appointed a Chief Executive Officer for each such business; thresholds are determined from the latest audited balance sheet.
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