A company may issue, at a discount share in the company of a class already issued if:

The correct answer is D. All the above conditions are fulfilled.

A company may issue, at a discount share in the company of a class already issued if:

• It is authorised by a resolution passed at the General Meeting and approved by the Company Law Board.
• At least one year has elapsed since the receipt of the certificate to commence business.
• The particulars of the discount allowed on the issue of shares are clearly mentioned in the prospectus issued.

The first condition is to ensure that the shareholders have approved the issue of shares at a discount. The second condition is to ensure that the company has been in operation for at least one year. The third condition is to ensure that the investors are aware of the discount that will be applied to the shares.

If all of these conditions are met, then the company may issue shares at a discount.