FILING
OF BALANCE SHEET AND PROFIT AND LOSS ACCOUNT IN EXTENSIBLE BUSINESS REPORTING
LANGUAGE (XBRL) MODE FOR FINANCIAL YEAR COMMENCING ON OR AFTER 1-4-2011
GENERAL
CIRCULAR NO. 16/2012, DATED 6-7-2012
It has now been decided by the Ministry to mandate the
following select class of companies to file their Balance Sheet and Profit
& Loss Account in XBRL mode for the financial year commencing on or after
1-4-2011:
(i)
all companies listed with any Stock Exchange(s) in India and their Indian
subsidiaries; or
(ii) all
companies having paid up capital of Rupees five crore and above; or
(iii) all
companies having turnover of Rupees one hundred crore and above; or
(iv) all
companies who were required to file their financial statements for FY 2010-11,
using XBRL mode.
However, banking
companies, insurance companies, power companies and Non-Banking Financial
Companies (NBFCs) are exempted from XBRL filing till further orders.
Additional Fee Exemption:
All companies referred to in Para-2 above, will be allowed
to file their financial statements in XBRL mode without any additional
fee/penalty upto 15th November, 2012 or within 30 days from the date of their
AGM, whichever is later.
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