MCA Mandate All companies listed in India and their Indian subsidiaries, Exceptions include banking, insurance and power companies, and NBFCs. These companies are not within the scope of Phase 1, even if they meet any of the criteria given above. The companies operating in these sectors will file their financial reports in XBRL from FY 2011-12. All companies falling in Phase 1 class of companies (excluding exempted class) are permitted to file XBRL format without any additional fee up to 30 November 2011 or 60 days of their due date whichever is later. There shall be a separate set of Form 23AC and Form 23ACA available on the MCA portal for filing in XBRL form. Existing Form 23AC and 23ACA shall continue to be there for filing by companies to which XBRL filing is not applicable; and for filing of earlier year's documents. |