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XBRL update – MCA validation tool to be released soon

The XBRL Taxonomy recently released by MCA for the First Phase of Financials for FY ended 31st March, 2011 is final and no further changes are expected for Phase I.

The MCA Validation Tool for validating XBRL instance documents as per the final taxonomy is ready to be released.

If you wish to test and validate a duly prepared XBRL instance document by MCA Validation Tool, you may send the same by e-mail to xbrl.technical@mca.gov.in. This instance document should be based on actual financial data that would be used for MCA filing. Further it should be complete in all respects like valid CIN, correct director details, etc as the instance document would be tested for pre-scrutiny from MCA database related validations. Please note that this exercise is purely to test your XBRL preparation tool, will not be construed to be actual MCA filing of financial statements.

Alternatively, you could send your PDF and Soft financial statements to us at xbrl@emindslegal.com and we can help you convert the same into XBRL and have the same pre-validated by the MCA tool. We have already got the pre-validation done by MCA for some of our clients and found it to be useful in detecting some technical errors well in time.

You would be glad to note that we are also listed at the MCA site as one of the XBRL service providers.

To avoid last minute rush, we would recommend you to take early steps in this direction as XBRL tagging is a time consuming exercise.

Team eMinds Legal Consulting Private Limited

D-126, 2nd Floor, Sushant Lok II

Sector 56, Gurgaon 122011

Haryana, India

Tel: +91 (124) 426-0141

www.emindslegal.com

Tags: xbrlXBRL Reporting

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About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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