General circular 16_1_2012_xbrl
Upcoming SlideShare
Loading in...5
×
 

General circular 16_1_2012_xbrl

on

  • 501 views

The latest circular on implementation of XBRL filing with MCA 21

The latest circular on implementation of XBRL filing with MCA 21

Statistics

Views

Total Views
501
Views on SlideShare
497
Embed Views
4

Actions

Likes
0
Downloads
1
Comments
0

2 Embeds 4

http://www.linkedin.com 2
https://www.linkedin.com 2

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

General circular 16_1_2012_xbrl General circular 16_1_2012_xbrl Document Transcript

  • General Circular No. 16/ 2012 No. 17/ 161/ 2012-CL-V Government of India Ministry of Corporate Affairs ****** 5 th Floor, Shastri Bhawan, New Delhi 110001. Dat ed: July 6, 2012To All Regional Direct ors All Regist rars of CompaniesSubj ect :- Filing of Balance Sheet and Profit and Loss Account in Ext ensible Business Report ing Language (XBRL) Mode for financial year commencing on or aft er 1.4.2011.Sir, Vide Companies (Filing of document s and forms in Ext ensible BusinessReport ing Language) Rules, 2011 not ified vide GSR No. 748E dat ed 5.10.2011, selectclass of companies are required t o file t heir Balance Sheet and Profit & Loss Accountand ot her document s as required u/ s 220 of Companies Act , 1956 wit h t he Regist rarof Companies for t he financial year ending on or aft er 31st March, 2011.2. It has now been decided by t he Minist ry t o mandat e t he following select classof companies t o file t heir Balance Sheet and Profit & Loss Account in XBRL mode fort he financial year commencing on or aft er 1.4.2011 : (i) all companies list ed wit h any St ock Exchange(s) in India and t heir Indian subsidiaries; or (ii) all companies having paid up capit al of Rupees five crore and above; or (iii) all companies having t urnover of Rupees one hundred crore and above; or (i) all companies who were required t o file t heir financial st at ement s for FY 2010-11, using XBRL mode. However, banking companies, insurance companies, power companies and Non-Banking Financial Companies (NBFCs) are exempt ed from XBRL filing t ill furt her orders.
  • -2-3. The applicable t axonomy as per Schedule VI of t he Companies Act , 1956 hasalready been placed on t he Minist ry’ s websit e www.mca.gov.in . The Business Rules,validat ion t ools, et c. required for preparing t he financial st at ement s in XBRL format ,as per t he revised Schedule-VI and Account ing St andards, are under preparat ion andwould soon be made available by t he Minist ry. The act ual dat e for enabling XBRLfiling will be int imat ed separat ely.4. Additional Fee Exemption: All companies referred t o in Para-2 above, willbe allowed t o file t heir financial st at ement s in XBRL mode wit hout any addit ionalfee/ penalt y upt o 15h November, 2012 or wit hin 30 days from t he dat e of t heir AGM,whichever is lat er.5. Training Requirement: St akeholders are advised t o visit t he Minist ry’ s websit ewww.mca.gov.in/ XBRL/ index.ht ml regularly t o have t raining in XBRL on t axonomyrelat ed issues. Yours fait hfully, (Sanj ay Shorey) Joint Direct or