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English Release 29-January 2015
Date Month Year
  • President's Secretariat
  • University of Hyderabad wins visitor’s award for ‘Best University’
  • President of India’s message on Anti Leprosy Day
  • Vice President's Secretariat
  • VICE PRESIDENT RELEASES ‘DISTRICT DEVELOPMENT AND DIVERSITY INDEX REPORT FOR INDIA AND MAJOR STATES’
  • Prime Minister's Office
  • CMD, New Indian Express, presents a cheque of Rs. 1.35 crore towards Prime Minister’s National Relief Fund
  • Election Commission
  • Facts at a Glance- Delhi
  • Min of Culture
  • Renowned singer, music composer, lyricist and actor Shekhar Sen appointed as Chairman of Sangeet Natak Akademi
  • Min of Defence
  • Republic Day Parade – 2015 Awards Announced; Brigade of Guards Regiment & Sikh Regiment Adjudged Joint Winners of Marching Contingent Amongst Services
  • Ministry of Finance
  • Jayant Sinha, Minister of State for Finance Emphasises the Need for Innovative Product Development in an Ever Expanding Capital Market;
  • Min of Labour & Employment
  • Union Labour Minister Shri Bandaru Dattatreya Inaugurates Special Corporate Office of EPFO in Mumbai
  • Min of Law & Justice
  • Shri Justice Narayanan Nadar Paul Vasanthakumar Appointed Chief Justice of the Jammu and Kashmir High Court
  • Min of Micro,Small & Medium Enterprises
  • Union Minister of MSME visits NSIC Incubation Centre Guwahati
  • Min of Mines
  • Mines Ministry holds one-day Workshop in Odisha with State Governments and other stakeholders to explain the provisions of MMDR Ordinance
  • Min of Personnel, Public Grievances & Pensions
  • 18th National Conference on e-Governance
  • ACC Appointment
  • Min of Petroleum & Natural Gas
  • Conventional on Pahal
  • Global Crude Oil price of Indian Basket was US$ 46.55 per bbl on 28.01.2015
  • Min of Science & Technology
  • New CMD Joins National Research Development Corporation (NRDC)
  • Ministry of Tourism
  • Tourism Minister of Philippines Mr Ramon R. Jimenez calls on his Indian counterpart Dr Mahesh Sharma
  • Min of Urban Development
  • Two day consultations with states on smart cities from tomorrow
  • Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
  • Sports Ministry Enhances Award Money for Medal Winners in International Events and their Coaches

Previous Date

 
Ministry of Corporate Affairs30-April, 2013 17:44 IST
New Norms for XBRL Filing

 

             New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of  2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that his Ministry had set up a Committee in November, 2011 comprising of XBRL experts and representatives from the corporate sector as well as the Institute of Chartered Accountants of India (ICAI) with the following terms of references:

i. Identification of class of companies and various reports to be filed in XBRL in a phased manner;

ii. Development of Taxonomies to be used by Corporates for their regulatory filings to government agencies; 

iii. Extensions in Taxonomies and XBRL Assurance framework;

iv. Training, awareness and capacity building of stakeholders; and

v.  Framework for consumption & dissemination of XBRL data.

Information regarding setting up the Committee and its terms of reference was put on the Ministry’s website: www.mca.gov.in for information of the general public, inviting suggestions and comments.  In response to this, a large number of suggestions were received regarding:

i.   New accounting concepts (elements) in the taxonomy;

ii. Approach that may be adopted in development of applicable taxonomies;

iii. Approach that may be adopted for resolving technical issues like ‘extensions’ in taxonomies and rendering of XBRL documents;

iv.  Phased coverage of new companies / filings in XBRL; and

v.   Framework for consumption and dissemination of XBRL data, etc.

                                                                        ------------------------

KKP/sg


(Release ID :95354)

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