Prospectus account recency requirement: companies must include accounts up to a date not earlier than six months before issue. The five year reference in the last paragraph of clause 24(1) is a simple five year period ending three months before issue; therefore every company issuing a prospectus must furnish accounts in the prospectus up to a date not earlier than six months from the date of issue, irrespective of whether the company's financial year closed on a date three months before issue.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prospectus account recency requirement: companies must include accounts up to a date not earlier than six months before issue.
The five year reference in the last paragraph of clause 24(1) is a simple five year period ending three months before issue; therefore every company issuing a prospectus must furnish accounts in the prospectus up to a date not earlier than six months from the date of issue, irrespective of whether the company's financial year closed on a date three months before issue.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
