XBRL Reporting

Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode for the financial year commencing on or after 01.04.2011- Corrigendum to General Circular No: 39/2012.

General Circular No:  41/ ,2012 No. 17/161/2012-CL-V Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi ” 110001 Dated    18.12.2012 All the Regional Directors, All the Registrar of Companies. Sub: Filing of Balance Sheet and Profit and Loss Account in eXtensible Business  Reporting  Language (XBRL)  mode  for … Read More

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Date Extended for XBRL reporting of Balance Sheet and Profit and Loss Account

General Circular No: 39/2012 No. 17/161/2012-CL-V Government of India Ministry of Corporate Affairs 5th Floor, "A" Wing, Shastri Bhawan, Dr. R.P. Road, New Delhi - 110001 Dated 12.12.2012 All the Regional Directors, All the Registrar of Companies. Sub: Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode for… Read More

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MCA XBRL Filings enabled from 14th Oct, 2012

Final version of the MCA XBRL Validation Tool (for Financial Statements based upon new Schedule VI of the Companies Act, 1956) has been released. XBRL filings of financial statements for accounting year commencing on or after 01.04.2011 have been enabled on MCA website with effect from 14.10.2012. Stakeholders are also advised to refer to the… Read More

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XBRL Filings – White Paper

Please download the White Paper on conversion of Financial Statements into XBRL and XBRL filings thereof containing the following: Elgibility Forms & Filing Manual Time lines for filing XBRL forms Process Overview Steps Involved in XBRL Conversions Information Required from the Company Deliverables Timelines Benefits to You Capability Statement Value Proposition & USP Read More

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Companies to use their own XBRL accounting terms from next fiscal year

The government will allow companies to use their own accounting terms in the new reporting format from the next fiscal year, accommodating an industry request that the new rule be relaxed to make data comparison easy for shareholders. At present, there is a difference in the way a firm's financial data is presented in the… Read More

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Form 23AC XBRL and 23ACA XBRL released by MCA for filing of B/S & P&L in XBRL mode

After releasing the Revised Taxonomy and MCA validation tool some time back, MCA has released XBRL filing form nos. 23AC XBRL and 23ACA XBRL by introducing Companies (Filing of Documents and Forms in eXtensible Business Reporting Language) Rules, 2011 effective from today i.e. 6th October, 2011. The existing Form 23AC and Form 23ACA are not to be… Read More

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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… Read More

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XBRL Reporting in MCA by 15th July

MCA website is likely to have options for XBRL reporting by 15th of July. Specific notification will be made to enable stakeholders for early filing. Pursuant to recent notifications on XBRL, Companies with paid up capital of Rs. 5 crores or turnover of Rs. 100 crores are required to comply with XBRL reporting norms for… Read More

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How to File Annual Accounts in XBRL Format

A step by step guide on How to File  Balance Sheet and Profit and Loss Account in XBRL Format As such, now following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:- Listed Companies and their subsidiaries; Companies having paid up capital of Rs. 5 Crores… Read More

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XBRL goes Topsy Turvy – Unlisted Companies again in the ambit

MCA has issued General Circular 37 dated 7th June, 2011 on XBRL which supercedes its earlier two circulars on the subject. The implication of the above circular no. 37 is that even unlisted companies having a paid-up capital of Rs. 5 crores or more OR a turnover of Rs. 100 crores or more come under… Read More

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Revised Notification and FAQs for filing Balance Sheet & Profit & Loss in XBRL mode

Gen. Circular 37/2011 dated 7th June, 2011, GOI; MCA CLR Note: MCA has issued a circular with regard to the filing of Balance Sheet and Profit & Loss Account in the extensible Business Reporting Language (XBRL) mode, framing a FAQs (Frequently Asked Questions)  for easy understanding of the shareholders. All Regional Directors; All Registrar of… Read More

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Final Taxonomy and Business rules for XBRL reporting

MCA website is likely to have options for XBRL reporting by 15th of July. Specific notification will be made to enable stakeholders for early filing. you can download the Final Taxonomy and Business rules for XBRL reporting by clicking at the Download links below. MCA had vide a  corrigendum recently clarified that in Phase I,… Read More

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