Equity Shares/ Preference Shares / Debentures

I'll take a chance, all three of them can be issued at discount

s.53 of Companies Act 2013 allows Company for issue of shares at a discount.

S.53 of the Act

It clearly prohibits the issue of shares at discount as it states in its clause (2) that any share (which means either equity share or preference share) issued by a company at a discounted price shall be void.

It also provides in its clause (3) for penalty, to a company or officer in default, an amount equal to the amount raised through such issue of shares at discount or five lakh rupees, whichever is less. The company shall also be liable to refund all monies received with interest at 12% p.a from date of issue of such shares to the persons to whom such shares have been issued.

iPleaders Blog - Can Shares be issued at a Discount? When?

This is the difference between law and accounting