Which of the following statements is not true regarding the issue of share capital and debentures under Chapter IV of the Companies Act, 2013?
1
A company can issue shares at a discount.
2
A company may issue preference shares that are redeemable.
3
A company can buy back its own shares.
4
Sweat equity shares can be issued to directors or employees.
5
Debentures can be issued with an option to convert them into shares.