A company can issue shares at a discount subject to which of the following conditions?

A. Two year must have passed since the date at which the company was allowed to commence business

B. The shares to be issued must be of a class already issued

C. Issue must take place within three month after the date of the CLB approval

D. Issue of shares must be authorised by an ordinary resolution of the company

E. Resolution must specify the maximum rate of discount

Choose the correct answer from the options given below: