Interpretation of expression “five years” occurring in clause 24(1) of Part II of Schedule II immediately preceding issue of prospectus

Interpretation of expression “five years” occurring in clause 24(1) of Part II of Schedule II immediately preceding issue of prospectus https://www.taxtmi.com/circulars?id=10787 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. en-us Mon, 11 Nov 1968 00:00:00 +0530 Fri, 17 Jun 2011 10:22:00 +0530 TaxTMI RSS Generator Interpretation of expression “five years” occurring in clause 24(1) of Part II of Schedule II immediately preceding issue of prospectus https://www.taxtmi.com/circulars?id=10787 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. Circulars Companies Law Mon, 11 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10787