Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode
PrintListen to this Article
The Ministry of Corporate Affairs has partially modified the Para 2 of its Circular No. 26/2011 issued on 18.05.2011. As per the modification the filing on MCA 21 in the XBRL mode will be effective in respect of financial statements closing on or after 31.03.2011 instead of the year 2011-12.
Further, in continuation to the Circular no. 37/2011 dated 07.06.2011, the further information is given as under: --
(i) Besides signing by signatories as specified u/s 215 of the Companies Act, 1956, the Statutory Auditor has to certify the financial statements prepared in XBRL mode for filing on MCA-21 portal.
(ii) Phase-1 class of companies as per Circular 9/2011 dated 31.03.2011 and later exempted from XBRL filing (under Power sector, Insurance sector, NBFC and Banking sector) who are unable to file their financial statements would be exempted from additional fee due to delay in filing up to 30.09.2011.
Category : Corporate Law | Comments : 3 | Hits : 1146
Ashneer Grover, former managing director of BharatPe, has moved the National Company Law Tribunal (NCLT), Delhi, alleging opression and mismanagement at the company. The case came up for hearing on...
Over 96,000 companies have wound up their operations in the past five years, according to the Ministry of Corporate Affairs. Businesses opt for winding up for various reasons, including financial u...
Three board members of Ed tech company Byju’s resigned on Thursday, June 22. According to reports, Peak XV Partners' GV Ravishankar, Prosus' Russell Dreisenstock and Chan Zuckerberg Init...
Comments
Aditya goel
13-Jul-2011 , 04:23:59 amwhat do u mean by xbrl mode
Aditya goel
13-Jul-2011 , 04:24:15 amwhat do u mean by xbrl mode
Aditya goel
13-Jul-2011 , 04:24:46 amwhat do u mean by xbrl mode