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Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU)/Letter of Comfort (LoC) by ADs

RBI/2013-14/374 A.P. (DIR Series) Circular No. 75 November 19, 2013 To All Category - I Authorised Dealer Banks Madam / Sir Trade Credit for imports into India- Online submission of data on issuance of Guarantee/Letter of Undertaking (LoU) /Letter of Comfort (LoC) by ADs Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to A.P.… Read More

Tags: Anno DominiCategories of New Testament manuscriptsFinancial servicesforeign direct investmentForeign Exchange Management ActIndiaReserve Bankxbrl

RBI’s creation of Central Repository on Large Credits

RBI/2013-14/250 DBS.Dir.OSMOS. No. 3327/33.01.001/2013-14 September 11, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Creation of a Central Repository of Large Common Exposures - Across Banks This has a reference to the statement made on September 4, 2013 by Dr. Raghuram Rajan on his taking over the charge as Governor, RBI wherein it was stated RBI proposes to collect… Read More

Tags: BankCommercial bankIndiaRaghuram RajanReserve BankReserve Bank of IndiaRun batted inxbrl

Non-Resident Deposits – Comprehensive Single Return (NRD-CSR): Submission under XBRL

RBI/2013-14/173 A.P. (DIR Series) Circular No. 19 August 7, 2013 To, All Banks Authorised to deal in Foreign Exchange Madam / Sir, Non-Resident Deposits - Comprehensive Single Return (NRD-CSR): Submission under XBRL Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited to A.P. (DIR Series) Circular No.55 dated May 9, 2007 on NRD-CSR software package… Read More

Tags: Central bankForeign Exchange Management ActInformation ManagementrbiReserve BankRun batted inSeptember 2013xbrl

Risk Management and Inter-Bank Dealings Reporting of Unhedged Foreign Currency Exposures of Corporates

RBI/2013-14/151 A.P. (DIR Series) Circular No.17 July 23, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Risk Management and Inter-Bank Dealings Reporting of Unhedged Foreign Currency Exposures of Corporates Attention of Authorised Dealer Category I (AD Category I) banks is invited to Section B paragraph 1(i)(h) and Section G Para (ii)… Read More

Tags: Categories of New Testament manuscriptsFederal Emergency Management AgencyForeign Exchange Management ActGeneral managerOver-the-counter (finance)Risk managementxbrl

Draft XBRL Taxonomies for Insurance Companies

Tomorrow is the last date for sending the comments to the Institute of Chartered Accountants of India (ICAI) on the Draft Templates of Taxonomy for Life and Non-life Insurance Companies. The Comments may be sent by e-mail at xbrl@icai.in so as to be received not later than July 12, 2013. ICAI has prepared these separate Drafts… Read More

Tags: BusinessFinancial servicesFinancial statementInstitute of Chartered Accountants of IndiaInsuranceInsurance ActLifexbrl

CLR Urgent :: New Norms for XBRL Filing

New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of  2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question… Read More

Tags: Balance sheetICAIInstitute of Chartered Accountants of IndiaLok SabhaMinistry of Corporate AffairsSachin PilotTaxonomyxbrl

Penal Action Against Fraudulent Companies

Sachin Pilot, Minister for Coroporate Affairs During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of companies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default for… Read More

Tags: Balance sheetCompanies ActCorporate Affairs MinistryMarket ResearchRajya SabhaSachin PilotThe Companies Act 1956xbrl

XBRL Filing last date extended to 15th Feb’13

The Ministry of Corporate Affairs has extended the last date for filing of XBRL data for financial year starting FY 2011-12 till 15th February 2013. The circular is attached here for reference. No.   17/161/2012-CL-V Government of India Ministry of Corporate Affairs 5th Floor-, "A" Wing, Sllaslri Bhawan, Dr. R.P. Road, New Delhi-110001 Dated 15/01/2013… Read More

Tag: xbrl

Filing of Cost Audit Report and Compliance Report in the eXtensible Business Reporting Language (XBRL) mode.

General Circular No. 43/2012 52/17/CAB-2011 Government of India Ministry of Corporate Affairs Cost Audit Branch ***** ˜B-1™ Wing, 2nd Floor, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi 110 003 Dated the December 26, 2012 To, The President, Institute of Cost Accountants of India, 12, Sudder Street, Kolkata 700 016 Subject: Filing of Cost Audit… Read More

Tags: Compliance reportCost Audit ReporteXtensible Business Reporting Languagexbrl

Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2012

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION  New Delhi dated the 30th November, 2012 G.S.R. 869(E).- In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956),… Read More

Tags: rulesxbrl

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

Tags: CircularMCAxbrlXBRL Reporting

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

Tags: Taxonomy for XBRL ReportingxbrlXBRL Reporting

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

Tags: xbrlXBRL Reporting

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