XBRL Filing Extends to Insurance in India -

XBRL Filing Extends to Insurance in India

XBRL Filing Extends to Insurance in India Mumbai’s stock exchange, the BSE, has extended mandatory XBRL filing to listed insurance companies. On 8 February BSE launched an XBRL taxonomy to enable listed insurance companies to join all other listed entities in filing their financial reports in XBRL format. The BSE also offers an Excel utility with built-in validation to help smaller insurance concerns to correctly prepare and upload XBRL files to the BSE’s Listing Portal. […]

BSE - XBRL Conversion - XBRL Taxonomies

BSE issued circular on Filing of Annual Reports in XBRL Mode

The Bombay Stock Exchange issued Circular no. LIST/COMP/40/2018-19 Dated 08.02.2019 on Filing of Annual Reports in XBRL Mode for Listed Companies. In continuation to the Circulars to the Companies dated November 30, 2015, March 11, 2016 and March 16, 2016 with regards to mandatory filing of information with the Exchange in electronic mode, the Exchange has introduced facility of filing of Annual Report in XBRL mode under Regulation 34 of Securities and Exchange Board of India (Listing Obligations and […]

Due Dates of XBRL Filing with MCA for FY 2017-18

As per the guidelines on MCA portal, the XBRL filing in respect of financial years commencing on or after 01.04.2014 has to be done using the updated C&I taxonomy. The stakeholders should ensure themselves to use the latest taxonomy before filing AOC-4 XBRL XBRL Filing Due Dates for FY 2017-18 Name of E-form Purpose of E-form Due date of Filing Due date for FY 2017-2018 Form AOC-4 (XBRL) Filing of Annual Accounts in XBRL mode […]

Everything you wanted to know about XBRL Ind-AS filing

Indian Accounting Standards (Ind-AS) – The Indian desi version of IFRS Indian economy has some major differences to the world economy as it is still in the developing stage. Therefore, certain differences arise in the accounting procedures as well. On 25th February 2011, the Ministry of Corporate Affairs notified 35 Accounting Standards that have been synced with IFRS. This convergence of IFRS with Indian Accounting Standards is popularly known as Ind-AS. The Ind AS is […]

XBRL framework

Manner in which XBRL filing can be helpful to Companies and Investors

Regulatory authorities around the world have adopted rules requiring companies to provide their financial reporting in a structured data, machine-readable format i.e. eXtensible business reporting language (XBRL). The vision of XBRL filing is that the format would enable investors and analysts to capture and analyse information more effectively, as well as help companies automate their financial report filings with the Regulators. Eventually, both preparer and investor costs would be reduced through the use of XBRL. […]

Ministry of Corporate Affairs to revise the taxonomies for XBRL filing in India

Ministry of Corporate Affairs (MCA) has incorporated two significant modifications this year with regard to the XBRL filings. They are: Revamping the taxonomy for Commercial Industrial (C&I) companies in order to synchronize with the changes as per Companies Act, 2013 and rules thereunder, and Upgrading the costing taxonomy in order to file the Cost Audit Reports under Companies (Cost Records and Audit) Rules, 2014 (the Rules). MCA is currently planning to replace the existing taxonomy […]