XBRL - Page 4

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 |

Quality of XBRL Filing Certified by Professional Members is Poor- MCA

The Ministry of Corporate Affairs has pressed upon for the need to improve the quality of xBRL (Extensible Business Reporting Language) filings. In a letter sent to the Presidents of ICAI and ICSI the ministry said it is the bounden duty of these institutes to improve the quality of XBRL filing for the financial year (FY) 2011-12 to be un...

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Posted Under: Company Law | ,

Due date to FILE XBRL Statement for FY 2011-12

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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Posted Under: Company Law |

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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All about XBRL Filing

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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Posted Under: Company Law |

MCA released Beta version of the MCA XBRL Validation Tool and XBRL Filing Manual V2.0

The Ministry of Corporate Affairs vide its General Circular No. 16/2012 dated 6 July, 2012 has mandated select class of companies to file their Balance Sheet and Profit & Loss Account and other documents with the Registrar of Companies for the financial year commencing on or after 01.04.2011 in XBRL mode without any additional fee/ penalt...

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Posted Under: Company Law |

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 given in Annexure II for the financial year ...

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XBRL Filings for F.Y. 2011-12 would be enabled w.e.f 14th October, 2012

The Final Validation Tool and subsequent XBRL filings of financial statements for F.Y. 2011-12 on MCA website would be enabled with effect from 14th October, 2012....

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Posted Under: Company Law |

Companies to file XBRL Return without additional fee/ penalty up to 15.11.2012

Additional Fee Exemption: All companies referred to in the 1st Para, will be allowed to file their financial statements in XBRL mode without any additional fee/ penalty up to 15th November, 2012 or within 30 days from the date of their AGM, whichever is later. ...

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Posted Under: Company Law |

Guidance Note on Certification of XBRL Financial Statements

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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Posted Under: Company Law |

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