XBRL

Reporting in a diverse EU banking regulatory environment – An overview

Company Law - Banking regulators control and monitor the financial state of affair of the banks through reporting mechanism. With the formation of European Union, banks operating in European region are expected to report under multi regulatory environment, where such reporting becomes complex and dynamic, requiring banks to submit reports in a timely m...

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All about XBRL Filing

Company Law - XBRL is the acronym for Extensible Business Reporting Language. As the name itself suggests, it is a language for presentation of data which permits easy analysis and interpretation thereby reducing cost, time and effort. It promotes paperless reporting and thus is in line with the green initiatives being promoted world over....

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Guidance Note on Certification of XBRL Financial Statements

Company Law - The objective of the Guidance Note issued by ICAI is to provide guidance to the practitioners in certification of XBRL formatted statements in terms of the requirements of the Ministry’s General Circular No. 57/ 2011 dated July 28, 2011 read with MCA’s General Circular No. 43/2011 dated July 07, 2011. These Circulars require that besi...

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XBRL Filing For The Financial Year 2011-2012

Company Law - XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data that has revolutionized business reporting around the world. Its major benefits include ease in preparation, analysis and communication of business information by the corporates. It offers cost savings, greater effic...

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XBRL – What’s all about

Company Law - XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those in...

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Draft Taxonomy for C&I Companies based on notified provisions of Companies Act, 2013

Company Law - The taxonomy for the Commercial and Industrial Companies have undergone a change owing to the requirements under the Companies Act 2013, and the rules notified thereunder. Accordingly, the Taxonomy Development and Review Committee of XBRL India has finalised the draft taxonomy for Commercial and Industrial Companies based on the notificat...

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New Norms for XBRL Filing

Company Law - 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...

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Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)

Company Law - While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial and Industrial companies, a need was felt to […]...

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XBRL Software Tool for e-filing of Cost Audit & Compliance Reports

Company Law - Towards a service to our members, the Institute has provided FREE OF COST to its members an XBRL Software Tool for creation of Instance Documents of Cost Audit Report and Compliance Report using Costing Taxonomy and Business Rules published by the Ministry of Corporate Affairs for e-filing of these reports in XBRL Format. The Software Too...

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XBRL Validation Tool (for costing taxonomy) likely to be released on 24.11.2012

Company Law - The MCA XBRL Validation Tool (for costing taxonomy) has been developed and is currently under testing. The tool is likely to be released on 24th November, 2012. Filing of the Cost Audit Report and Compliance report on the MCA portal shall be enabled thereafter....

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Companies (Filing of Documents and Forms in XBRL) Rules, 2015

Notification No. G.S.R. (E) - (09/09/2015) - These rules may be called the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. (2) They shall come into force from the date of their publication in the Official Gazette....

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

RBI/2013-14/173 A.P. (DIR Series) Circular No. 19 - (07/08/2013) - . It has been decided to move the NRD-CSR reporting to eXtensible Business Reporting Language (XBRL) platform to provide validations for processing requirement in respect of existing NRD schemes, improve data quality, enhance the security-level in data submission, and enable banks to use various fea...

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Today is last date to E-File Non-XBRL 23AC and 23ACA without additional fees

General Circular No.38/2012 - (23/11/2012) - General Circular No.38 /2012 , Dated 23.11.2012 In continuation of General Circular No. 30/2012 dated 28.09.20 12 on the subject cited above, I am directed to say that Due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI (applicable for the accounting year commenc...

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General XBRL Filing Errors & quality of XBRL filing

General Circular No. 33/2012 - (16/10/2012) - MCA asks institutes to impart training to its professionals to improve quality of XBRL filings. You are aware that XBRL filing of financial statements by a select class of companies for FY 2010-11 was mandated vide Ministry of Corporate Affairs Notification GSR No. 748(E), dated 5-10-2011. T ...

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

Notification No. [F.NO. 17/161/2012 - CL.V] - (12/10/2012) - NOTIFICATION [F.NO. 17/161/2012 - CL.V], The following class of companies have to file their Balance Sheet. Profit and Loss Account and any other document as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxonomy give...

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Recent Posts in "XBRL"

Companies (Filing of Documents and Forms in XBRL) Rules, 2015

Notification No. G.S.R. (E) (09/09/2015)

These rules may be called the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. (2) They shall come into force from the date of their publication in the Official Gazette....

Read More

Draft Taxonomy for C&I Companies based on notified provisions of Companies Act, 2013

The taxonomy for the Commercial and Industrial Companies have undergone a change owing to the requirements under the Companies Act 2013, and the rules notified thereunder. Accordingly, the Taxonomy Development and Review Committee of XBRL India has finalised the draft taxonomy for Commercial and Industrial Companies based on the notificat...

Read More
Posted Under: Company Law |

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

RBI/2013-14/173 A.P. (DIR Series) Circular No. 19 (07/08/2013)

. It has been decided to move the NRD-CSR reporting to eXtensible Business Reporting Language (XBRL) platform to provide validations for processing requirement in respect of existing NRD schemes, improve data quality, enhance the security-level in data submission, and enable banks to use various features of XBRL-based data submission, and...

Read More

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...

Read More
Posted Under: Company Law |

Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)

While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial and Industrial companies, a need was felt to […]...

Read More
Posted Under: Company Law |

XBRL Software Tool for e-filing of Cost Audit & Compliance Reports

Towards a service to our members, the Institute has provided FREE OF COST to its members an XBRL Software Tool for creation of Instance Documents of Cost Audit Report and Compliance Report using Costing Taxonomy and Business Rules published by the Ministry of Corporate Affairs for e-filing of these reports in XBRL Format. The Software Too...

Read More
Posted Under: Company Law |

Today is last date to E-File Non-XBRL 23AC and 23ACA without additional fees

General Circular No.38/2012 (23/11/2012)

General Circular No.38 /2012 , Dated 23.11.2012 In continuation of General Circular No. 30/2012 dated 28.09.20 12 on the subject cited above, I am directed to say that Due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI (applicable for the accounting year commencing on or after 1.4.2011 ) has been exte...

Read More

XBRL Validation Tool (for costing taxonomy) likely to be released on 24.11.2012

The MCA XBRL Validation Tool (for costing taxonomy) has been developed and is currently under testing. The tool is likely to be released on 24th November, 2012. Filing of the Cost Audit Report and Compliance report on the MCA portal shall be enabled thereafter....

Read More
Posted Under: Company Law |

Reporting in a diverse EU banking regulatory environment – An overview

Banking regulators control and monitor the financial state of affair of the banks through reporting mechanism. With the formation of European Union, banks operating in European region are expected to report under multi regulatory environment, where such reporting becomes complex and dynamic, requiring banks to submit reports in a timely m...

Read More
Posted Under: Company Law |

List of enhancements in MCA21 XBRL validation tool – Version 2.0.1

The following enhancements have been released in the validation tool. These enhancements do not impact the instance documents which have already been filed on the MCA21 portal. This version of the tool needs to be downloaded by only those stakeholders who are facing the below mentioned issues. ...

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Posted Under: Company Law |
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