Under section 269, every public company and a private company which isa subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is.

Under section 269, every public company and a private company which is

1.	Under section 269, every public company and a private company which isa subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is.
A.	rs.1 crore or more.
B.	rs.2 crore or more.
C.	rs.5 crore or more.
D.	rs.10 crore or more.
Answer» D. rs.10 crore or more.