Section 286, The Companies Act, 2009

(1) Where a company has given notice under section 284and that notice has not been superseded by a subsequent notice by the company, the new date specified in the notice is the company’s accounting reference date, in substitution for that which, by virtue of 285. , was its accounting reference date at the time when the notice was given. Consequence of giving notice under 284. 212 213 (2) Where by virtue of such a notice one date is substituted for another as the accounting reference date of a company– (a) the current or previous accounting reference period, shortened or extended (as the case may be) in accordance with the notice; and (b) each successive period of 12 months beginning after the end of that accounting reference period (as so shortened or extended) and ending with the new accounting reference date, or (as the case may require) shall be treated as having been an accounting reference period of the company, instead of any period which would be an accounting reference period of the company if the notice had not been given. (3) Section 285 and this section shall not affect any accounting reference period of the company which– (a) in the case of a notice under subsection (1) of section 285 is earlier than the current accounting reference period; or (b) in the case of a notice under subsection (2) of section 285, is earlier than the previous accounting reference period.