The MCA has excluded the banking companies, insurance companies, power companies, NBFCs and overseas subsidiaries of these companies from the applicability of reporting of Balance sheet and Profit & Loss A/c for the year 2009-10 in XBRL language.
General Circular No.25/2011, dated 12.5.2011
All Regional Directors; All Registrar of Companies
Subject: Filling of Balance Sheet and Profit and Loss account in extensible Business Reporting Language (XBRL) mode.
The undersigned is to draw the attention on the Circular No. 9/2011 dated 31.03.2011 of this Ministry on the subject cited above. The following errata has been noticed which is rectified as under:-
2. In the said circular for clauses (i) and (ii) of paragraph 2 under the Heading Coverage in Phase I, the following shall be substituted and read as:-
“(i) All companies listed in India and their subsidiaries, having paid up capital of Rs. 5 crore and above or a turnover of Rs. 100 crore or above, excluding banking companies, insurance companies, power companies, NBFCs and overseas subsidiaries of these companies.”