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Filing of Balance Sheet and Profit and Loss Account in Extensible Business Reporting Language (XBRL) Mode for financial year commencing on or after
July, 19th 2012
                                                             General Circular No. 16/ 2012

                                     No. 17/ 161/ 2012-CL-V
                                       Government of India
                                   Ministry of Corporate Affairs
                                               ******
                                                                   5 th Floor, Shastri Bhawan,
                                                                           New Delhi 110001.

                                                                        Dat ed:   July 6, 2012

To

             All Regional Direct ors
             All Regist rars of Companies


Subj ect :- Filing of Balance Sheet and Profit and Loss Account in Ext ensible Business
            Report ing Language (XBRL) Mode for financial year commencing on or aft er
            1.4.2011.

Sir,
       Vide Companies (Filing of document s and forms             in Ext ensible Business
Report ing Language) Rules, 2011 not ified vide GSR No. 748E dat ed 5.10.2011, select
class of companies are required t o file t heir Balance Sheet and Profit & Loss Account
and ot her document s as required u/ s 220 of Companies Act , 1956 wit h t he Regist rar
of Companies for t he financial year ending on or aft er 31st March, 2011.





2.      It has now been decided by t he Minist ry t o mandat e t he following select class
of companies t o file t heir Balance Sheet and Profit & Loss Account in XBRL mode for
t he financial year commencing on or aft er 1.4.2011 :


       (i)     all companies list ed wit h any St ock Exchange(s) in India and t heir Indian
               subsidiaries; or

       (ii) all companies having paid up capit al of Rupees five crore and above; or

       (iii) all companies having t urnover of Rupees one hundred crore and above; or

       (i) all companies who were required t o file t heir financial st at ement s for FY
              2010-11, using XBRL mode.

             However, banking companies, insurance companies, power companies and
       Non-Banking Financial Companies (NBFCs) are exempt ed from XBRL filing t ill
       furt her orders.
                                             -2-


3.      The applicable t axonomy as per Schedule VI of t he Companies Act , 1956 has
already been placed on t he Minist ry' s websit e www.mca.gov.in . The Business Rules,
validat ion t ools, et c. required for preparing t he financial st at ement s in XBRL format ,
as per t he revised Schedule-VI and Account ing St andards, are under preparat ion and
would soon be made available by t he Minist ry. The act ual dat e for enabling XBRL
filing will be int imat ed separat ely.


4.     Additional Fee Exemption: All companies referred t o in Para-2 above, will
be allowed t o file t heir financial st at ement s in XBRL mode wit hout any addit ional
fee/ penalt y upt o 15h November, 2012 or wit hin 30 days from t he dat e of t heir AGM,
whichever is lat er.





5.      Training Requirement : St akeholders are advised t o visit t he Minist ry' s websit e
www.mca.gov.in/ XBRL/ index.ht ml regularly t o have t raining in XBRL on t axonomy
relat ed issues.


                                                                            Yours fait hfully,


                                                                             (Sanj ay Shorey)
                                                                               Joint Direct or
 
 
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