Mandated XBRL reporting for financial statements and cost audit reports to the MCA.
Practice Scope
XBRL for Ministry of Corporate Affairs (MCA)
The MCA has mandated the reporting of financial statements for the following companies:
All companies listed in India and their Indian Subsidiaries;
All companies having a paid-up capital of Rs. 5 Crores and above;
All companies having a turnover of Rs. 100 Crores and above.
XBRL for Cost Audit & Compliance Reports
The MCA has mandated all cost auditors and the concerned companies to file their Cost Audit Reports and Compliance Reports for the year 2011-12 onwards [that also includes the overdue reports relating to any previous year(s)] in the XBRL mode.
