The Ministry of Corporate Affairs vide Notification Number GSR 748 (E) dated 05.10.2011 had mandated filing of financial statements of select class of companies with Registrar of Companies using extensible Business Reporting Language (XBRL).

Vide Ministry’s General Circular No. 16/2012 dated 06.07.2012, select class of companies having their financial year commencing on or after 01.04.2011 have been mandated to file their financial statements (based upon new Schedule VI) for Financial Year 2011 -12 using extensible Business Reporting Language (XBRL). The applicable Taxonomy, Business Rules and Validation Tool have been finalized and are available on the MCA XBRL website (http://www.mca.qov.in/XBRL/) The XBRL filings of financial statements (based upon new Schedule VI) for F.Y. 2011-12 on MCA website is enabled with effect from 14th October, 2012.

Kindly note that all eligible companies may file their financial statements (based upon new Schedule VI) in XBRL till 15th November, 2012 or within 30 days from date of its AGM, whichever is later, without any additional fees. For further details, visit MCA website www.mca.gov.in

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Category : Company Law (3562)
Type : News (12938)
Tags : XBRL (79)

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