Share can be issued at a discount only after . . . . . . . . year from the commencement of business.

shares can not be issued at discount
one
two
two and a half

The correct answer is: A. shares can not be issued at discount.

A company cannot issue shares at a discount on its face value. This is because the face value of a share is the amount that the company is legally obliged to pay to the shareholder on redemption of the share. If a company issues shares at a discount, it would be effectively paying less than the face value of the share to the shareholder, which would be illegal.

There are a few exceptions to this rule. For example, a company may issue shares at a discount if it is a private company and the shares are being issued to employees or directors of the company. Additionally, a company may issue shares at a discount if it is a listed company and the shares are being issued to a new shareholder in exchange for assets or services.

However, these exceptions are limited and, in general, companies cannot issue shares at a discount.

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