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XBRL for MCA: Software or Service?

01 Aug, 2018  Posted By Shabeer   Posted in MCA - XBRL in India
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XBRL has been embraced by various regulatory bodies across the world. In India, The XBRL wave started in late 2007 when ICAI initiated the idea of using XBRL in collaboration with the different regulators in India that control registered companies, … Continue reading

 

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

29 May, 2018  Posted By Shabeer   Posted in MCA - XBRL in India, xbrl
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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

 

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

 

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