Financial Statements : FY 2010-11

MCA Specific FAQs





With respect to consolidated financial statements, if consolidation is not applicable for previous year, then consolidated financial statements of current year is to be attached in pdf format only. In this case only standalone financial statement is to be attached in XBRL mode.

Similarly, if consolidation is applicable only for previous year and not for current year, then consolidated financial statements of previous year to be attached in pdf format and standalone financial statement is to be attached in XBRL mode.

In such case, select 'NO' in the field 8' Whether consolidated balance sheet is also being filed' and provide the consolidated financials in pdf format as an 'optional attachment'.

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XBRL instance document creation software has to be purchased from the software vendors in the market. This software is used to create XBRL instance documents that would be uploaded on the MCA portal. MCA21 system shall provide a facility for validation of the instance document and filing of the same. MCA is not recommending any specific XBRL software.

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ICAI, which is assisting MCA with conduct of XBRL training, has been instructed to develop standard Training module as well identify resource persons in consultation with XBRL training partners located at different parts on the country. It is proposed to engage leading chambers of industry and other professional institutes, namely, ICWAI and ICSI in future trainings. Training will be held over the next few months in most leading cities of India. Details of the same will be available on our website www.mca.gov.in or www.xbrl.icai.org.

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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.

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Kindly see the document ‘Steps for filing XBRL in MCA21.doc’ on the website.

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This shall be catered by the XBRL instance document creation software

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Subsidiary of listed company is required to file in XBRL format, irrespective of its paid up capital.

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XBRL is a collection of standardized, machine-readable “tags” for line items in financial statements, including footnotes and schedules. It is similar in concept to bar codes used to identify products. Using XBRL, each line in a financial statement is assigned a standardized data tag.
XBRL is a standards-based way to communicate business and financial information. These communications are defined by metadata set out in taxonomies. Taxonomies capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning.
The taxonomy comprises of the following components:-
  • Schema – Defines the elements used in the linkbases
  • Presentation linkbase – Which defines the structure for displaying the data, along with the preferred label attribute.
  • Calculation linkbase – Establishes the arithmetical relationship of simple addition and subtraction, which is done by way of a weight attribute (1 or -1)
  • Label linkbase – Stores the labels about the concepts (it is the human readable name of the element)
Kindly see relevant section on the website for more on XBRL.

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The XML and XSDs actually make the real taxonomy. The excel sheet is just for you to view it. An XBRL processor (a computer software that understands and/or manipulates XBRL documents) will need those XML and XSD documents.

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XBRL is a standards-based way to communicate business and financial information. These communications are defined by metadata set out in taxonomies. Taxonomies capture the definition of individual reporting concepts as well as the relationships between concepts and other semantic meaning.

Kindly see relevant section on the website for more on Taxonomy.

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