2(41) is mandatory or optional

As per understanding of the provisions wrt Financial year the company should prepare the annual Financial result of entire 15 months initially to provide full Fledged information. 

For example Co. Incorporated in between January to March 2020  suppose 28 Jan 2020 and the first financial years shall be consider March 2021.

Now the financial reporting period should be (12 months, April to March  +2 (Feb +March) months. Almost 14 months should be considered.