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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

 

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

 

New AOC forms and MCA filing deadline extension

22 Sep, 2016  Posted By Balaji M   Posted in MCA
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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