XBRL FINANCIAL STATEMENTS – REQUIREMENTS IN INDIA The following class of companies have to file their Balance Sheet, Profit and Loss Account and other documents as required under section 220 of the Companies Act, 1956 with the Registrar using the Extensible Business Reporting Language (XBRL) taxonomy given in Annexure enclosed to the rules for the financial year ending on or after 31st March, 2012 with e-Form no. 23AC-XBRL and 23ACA-XBRL specified under the Companies (Central Government) General Rules and Forms, 1956, namely:- (i) all companies listed in India and their Indian subsidiaries; (ii) all companies having a paid up capital of Rs 5 crore and above; and (iii) all companies having a turnover of Rs 100 crore and above. (iv) all companies who were required to file their financial statements for FY 2010-11, using XBRL. However, banking companies, Power companies, Non Banking Financial Companies (NBFC) and Insurance companies are exempted from XBRL filing till further order.
Posted on: Sun, 06 Oct 2013 09:55:06 +0000
Trending Topics
Recently Viewed Topics
© 2015