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XBRL impact on the new Ind AS accounting standards

24 Jul, 2017  Posted By Balaji M   Posted in MCA, MCA - XBRL in India, Uncategorized, XBRL Filings
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It is no new news that ICAI has been working on IFRS convergence with Indian Accounting Standards for several years now. This converged standard is termed Ind AS popularly. The Ind AS is very similar to the IFRS but has … Continue reading

 

Bombay Stock Exchange mandates financial results in XBRL format

19 Jun, 2017  Posted By Charles A   Posted in MCA - XBRL in India, XBRL Filings
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Bombay Stock Exchange (or BSE) has recently issued a circular requiring all entities listed with them to file Financial Results in XBRL format with effect from 1st April 2017 as against the earlier practice of filing in PDF format. In … Continue reading

 

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
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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
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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
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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

 

DataTracks: ready with the new Taxonomy for Commercial and Industrial (C&I) companies, India

22 Oct, 2015  Posted By Rohan Shirdhankar   Posted in MCA - XBRL in India

DataTracks, a leading provider of high-quality XBRL services and software has incorporated the latest taxonomy for Commercial and Industrial (C&I) companies based on notified provision of the Companies Act, 2013. Developed under the auspices of the Ministry of Corporate Affairs … Continue reading

 

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

28 Aug, 2015  Posted By Rohan Shirdhankar   Posted in MCA - XBRL in India
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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 synchronise with the changes as per Companies Act, 2013 … Continue reading

 

XBRL and Visualization for Big Data Analysis

27 Apr, 2015  Posted By Rohan Shirdhankar   Posted in Big Data, MCA - XBRL in India, xbrl, XBRL Filings
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XBRL in India has come a long way from the time since it was implemented by the Government regulators in India, namely the Ministry of Corporate Affairs, Reserve Bank of India and the major Stock Exchanges (National Stock Exchange and … Continue reading

 

XBRL in India “ Coordination among Regulators

31 Mar, 2015  Posted By Balaji M   Posted in MCA - XBRL in India, xbrl, XBRL Filings
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As this goes to press, two major regulators “ Ministry of Corporate Affairs (MCA) and Reserve Bank of India (RBI) have already implemented XBRL technology for report collection from companies and financial institutions. More such regulating regulators are on-course to … Continue reading