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

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....eceding issue of prospectus Clause 24(1) in Part II of Schedule II has been recently amended, vide Notification No. GSR 129, dated 3‑1‑1968, whereby the companies are now required to furnish in the prospectus the accounts up to a date not earlier than six months from the date of issue of the prospectus. The said amendment was made with a view to giving the prospective subscribers the ....

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....on a date three months before the issue of the prospectus but no accounts for that year have been made till the date of issue of the prospectus. On the other hand, if the period of five years refers to a simple period of five years ending on a date three months before the date of issue of the prospectus, every company which issues a prospectus will be required to furnish accounts up to a date not ....