Draft Taxonomy for C&I Companies updated on the basis of notified provisions of Companies Act, 2013 and the Rules thereunder for comments upto July 10, 2015. – (24-06-2015)
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 notification of the sections under Companies Act 2013, new rules and forms thereunder.
It may be mentioned that the new form AOC 4, which is 23 AC/23ACA under the erstwhile Companies Act, 1956, is yet to the notified by the MCA. The elements included in the taxonomy w.r.t AOC 4, have been included on the basis of the draft form as of now, which may undergo a change with the notification of the form.
The broad changes in the taxonomy include:
The detailed list of changes carried out in the taxonomy has also been attached with the draft taxonomy.
Comments are invited on the draft XBRL taxonomy for commercial and industrial companies updated on the basis of the requirements of Companies Act, 2013 and its Rules. Comments may be sent by e-mail at email@example.com, so as to be received not later than July 10, 2015. Alternatively, comments may be submitted in writing to Dr. Avinash Chander, Director, XBRL India, ICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi – 110 002.