Can debentures be issued at discount? If yes, what is the maximum limit of discount on the issue of debentures?

Cannot be issued at a discount Yes, 5% Yes, 10% Yes, No limit

Yes, No limit

Like shares, debentures may be issued at par, at a premium or at a discount. But the law does not lay down any maximum limit for discount on issue of debentures. The sanction of the Company Law Board is also not needed.