Blog

 

Form AOC-4, AOC-4 XBRL and GNL-2 were recently revised on MCA21

20 Feb, 2017  Posted By Charles A   Posted in MCA, MCA - XBRL in India, XBRL Filings
Tags: , , , ,

MCA (Ministry of Corporate Affairs) has notified that “Form AOC-4, AOC-4 XBRL and GNL-2 were recently revised on MCA21 Company Forms Download webpage. Stakeholders are advised to check the latest version before filing. MCA21 Company Form is an e-Form, in … Continue reading

 

Digital Revolution in Compliance Reporting

16 Feb, 2017  Posted By Charles A   Posted in MCA, MCA - XBRL in India, xbrl, XBRL Filings

Computers revolutionised the world of information decades ago. ‘Interactivity’, however has been a more recent phenomenon. Hitherto, data collection by Regulators has always been in ‘non-interactive’ formats like PDF, Word, etc. This scenario is changing as we go to press. … Continue reading

 

MCA takes another Initiative in Government Process Re-engineering (GPR)

30 Jan, 2017  Posted By Balaji M   Posted in MCA, MCA - XBRL in India
Tags: , , ,

As part of the Ministry’s efforts towards promoting greater Ease of Doing Business to stakeholders, new version of Form SPICe (INC-32) with date of effect as 30th January 2017 will be notified soon, so as to include the functionality of … Continue reading

 

DataTracks Ready for 2016 XBRL Filing for MCA

07 Oct, 2016  Posted By Balaji M   Posted in MCA, MCA - XBRL in India
Tags:

Ministry of Corporate Affairs (MCA) has recently released revised 2016 taxonomy for Commercial & Industrial (C&I) companies. The final taxonomy, validation tool and other useful links relating to 2016 taxonomy, please visit http://www.mca.gov.in/XBRL/ DataTracks, a leading provider of high-quality XBRL … Continue reading

 

New AOC forms and MCA filing deadline extension

22 Sep, 2016  Posted By Balaji M   Posted in MCA
Tags: ,

The Ministry of Corporate Affairs (MCA) has indicated their plan to revise AOC “ 4 (XBRL) and AOC-4 (CFS) forms following the revision of AOC-4 form. The major amendment will be the inclusion of mandatory Corporate Social Responsibility (CSR) and … Continue reading

 

Technology for Micro Finance Institutions “ Strategic Advantages

20 Jul, 2016  Posted By Pramodh Vittal   Posted in Finance

Based on a report by  CRISIL on the top 25 Micro Finance Institutions (MFIs) in India in 2015, the critical points of impact for the MFIs have been identified as the following: Increasing profitability Reduction in Operating expenses Improvement in … Continue reading

 

Importance of XBRL Implementation

20 Jul, 2016  Posted By admin   Posted in xbrl

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard for exchanging business information. From the Regulators perspective, it is an interactive data format as against  the merely readable formats like HTML, PDF etc., that … Continue reading

 

Digital financial services industry set to reach 15K crore by 2020

20 Jul, 2016  Posted By Getsy Jenita J   Posted in Finance

The average mobile phone user makes at least one financial transaction using their smartphone in a week. Convenience has taken precedence in todays fast-paced life, even if it comes with a fee. From utility bills, fund transfers, movie bookings to … Continue reading

 

RBI eases compliance reporting norms for banks

14 Jul, 2016  Posted By Rajesh Krishnaswamy   Posted in RBI
Tags:

The financial scandals of the late 90s and early 2000s resulted in Reserve Bank of India (RBI) mandates to the various banks in India to submit regulatory reports primarily to prevent and deter frauds and money laundering. Today most of … Continue reading

 

XBRL Sustainable reporting brings accountability and transparency

04 Jul, 2016  Posted By Getsy Jenita J   Posted in xbrl
Tags:

The flow of information from one point to another is important to keep the ecosystem intact, especially in the financial world. Regulators need it to regulate the enterprises; investors need it to analyze the enterprises performance and take an investment … Continue reading