MCA

 

Ind AS vs. Indian GAAP: What are the key differences?

Ind AS vs. Indian GAAP: What are the key differences? India is trying to move to the Indian IFRS accounting standards popularly known as Ind AS. This move will not be easy considering that Ind AS is rather different from … Continue reading

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Last date for filing Form AOC-4 (XBRL) extended by MCA

Companies required to prepare the e-form AOC-4 for the financial year 2016-2017 now have some breathing room as MCA pushes the deadline for filing the XBRL document to 30 April 2018. Previously, organisations compliant with the Indian Accounting Standards (Ind … Continue reading

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XBRL impact on the new Ind AS accounting standards

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

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Bombay Stock Exchange mandates financial results in XBRL format

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

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

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

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

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

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DataTracks Ready for 2016 XBRL Filing for MCA

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

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New AOC forms and MCA filing deadline extension

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

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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 synchronise with the changes as per Companies Act, 2013 … Continue reading

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XBRL in India “ Coordination among Regulators

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

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