Corporate and Other LawsQuestion 5386 of 221
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12. The term "Year" as per the General Clauses Act, 1897 means:

Options

AFinancial year
BA year according to the British calendar which starts from January to December
C365 days
DAny period of 12 months (2 Marks)
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Correct Answer

Option AFinancial year

All Options:

  • AFinancial year
  • BA year according to the British calendar which starts from January to December
  • C365 days
  • DAny period of 12 months (2 Marks)

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Detailed Solution & Explanation

Under Section 3(66) of the General Clauses Act, 1897, a "year" is defined as a year reckoned according to the British calendar (from January to December).
While this corresponds to Option B, the database key is Option A. Option A states: "Financial year". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.

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