XBRL
XBRL
Following class of Companies have to file their Balance Sheet and Profit & Loss Account for the financial year ending on or after 31st March 2011 in XBRL (eXtensible Business Reporting Language) with MCA (Ministry of Corporate Affairs):
All Companies listed with any stock exchange in India and their Indian subsidiaries;
or
All Companies having paid up share capital of INR 5 Crore or above;
or
All Companies having turnover of INR 100 crore or above.
Benefits of XBRL
XBRL offers major benefits at all stages of business reporting and analysis. The benefits are seen in automation, cost saving, faster, more reliable & more accurate handling of data, improved analysis, better quality of information and decision-making. The language is flexible which is intended to support all current aspects of reporting in different countries and industries.
Process
1. Company is required send its financial statements to us.
2. We will perform XBRL tagging on the financial statements and generate XBRL instance document (machine readable).
3. We will validate XBRL instance document with the help of the validation tool provided by the MCA and generate financial statements in XBRL PDF file.
4. XBRL PDF financial statements will then be sent to you for your review.
5. Once XBRL PDF financial statements are reviewed by you, they are ready to be filed with MCA.
6. We will then prepare, certify and file XBRL based Form 23AC & Form 23ACA.
Documents required
I. Scanned copy of signed annual reports for current & previous financial years.
II. Soft copy of annual reports as follows:
1. Balance sheet, profit & loss account and schedules in excel format for current & previous financial years.
2. All other sections of annual report (i.e. Notice of AGM, Directors' Report, Management Discussion & Analysis Report, Auditors' Report with annexure, notes to
accounts etc) in word format for current financial year.
Time
Whole process takes 3 - 5 working days depending upon the size of the organization and complexity of financial statements
For any information / query regarding XBRL services, feel free to contact us.
Following class of Companies have to file their Balance Sheet and Profit & Loss Account for the financial year ending on or after 31st March 2011 in XBRL (eXtensible Business Reporting Language) with MCA (Ministry of Corporate Affairs):
All Companies listed with any stock exchange in India and their Indian subsidiaries;
or
All Companies having paid up share capital of INR 5 Crore or above;
or
All Companies having turnover of INR 100 crore or above.
Benefits of XBRL
XBRL offers major benefits at all stages of business reporting and analysis. The benefits are seen in automation, cost saving, faster, more reliable & more accurate handling of data, improved analysis, better quality of information and decision-making. The language is flexible which is intended to support all current aspects of reporting in different countries and industries.
Process
1. Company is required send its financial statements to us.
2. We will perform XBRL tagging on the financial statements and generate XBRL instance document (machine readable).
3. We will validate XBRL instance document with the help of the validation tool provided by the MCA and generate financial statements in XBRL PDF file.
4. XBRL PDF financial statements will then be sent to you for your review.
5. Once XBRL PDF financial statements are reviewed by you, they are ready to be filed with MCA.
6. We will then prepare, certify and file XBRL based Form 23AC & Form 23ACA.
Documents required
I. Scanned copy of signed annual reports for current & previous financial years.
II. Soft copy of annual reports as follows:
1. Balance sheet, profit & loss account and schedules in excel format for current & previous financial years.
2. All other sections of annual report (i.e. Notice of AGM, Directors' Report, Management Discussion & Analysis Report, Auditors' Report with annexure, notes to
accounts etc) in word format for current financial year.
Time
Whole process takes 3 - 5 working days depending upon the size of the organization and complexity of financial statements
For any information / query regarding XBRL services, feel free to contact us.
| General Circular No. 09/2011 |
| General CircularNo. 37/2011 |
