Preceding and immediately preceding financial year

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(Querist)
08 May 2018 In Companies Act , is there any difference between the term "Preceding financial year" & "Immediately preceding financial year* .?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 May 2018 Yes, there is difference like 'child' and 'minor child'.
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Aditi

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Aditi (Querist)
08 May 2018 Sir , can u explain it with a help of example , the difference between both
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