According to Companies Act, 2013 shares can be issued by a company at

The correct answer is C. Par or Premium.

According to the Companies Act, 2013, shares can be issued by a company at par, premium or discount.

• Par value is the nominal or face value of a share. It is the price at which the shares are offered to the public for subscription.
• Premium is the amount by which the issue price of a share is higher than its par value.
• Discount is the amount by which the issue price of a share is lower than its par value.

The Companies Act, 2013 does not allow shares to be issued at a discount. However, it does allow shares to be issued at a premium. The premium can be paid in cash or in kind.

The decision of whether to issue shares at par, premium or discount is a matter of company policy. The company should consider the following factors before making a decision:

• The market conditions
• The financial position of the company
• The type of shares being issued
• The purpose of the issue

The company should also consult with its financial advisors before making a decision.