Which statement is true regarding a company's share issuance?

A company can indeed issue shares at both a premium and a discount based on the contexts and regulations applicable to share issuance. When shares are issued at a premium, it means they are sold for more than their nominal value, which can be advantageous as it raises additional capital without diluting existing shareholders' equity proportionately. This is often done when the market perceives the company to have a high value or strong prospects.

Conversely, issuing shares at a discount is permitted under certain circumstances, particularly in the context of certain private placements or rights issues where it is seen as a way to incentivize investors to acquire shares, particularly if the company needs to raise funds swiftly or if the market price has fallen below the nominal value of the shares.

It’s important to note that there are legal and regulatory constraints that govern how shares can be issued at both a premium and a discount. For example, the Companies Act may impose specific conditions or limitations regarding discounted shares depending on the jurisdiction. However, fundamentally, a company has the flexibility to pursue both avenues to meet its capital requirements as long as it adheres to the relevant laws and regulations.