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Query regarding wrong filing

PANKAJ KUMAR CHOUBEY (Company Secretary and Compliance officer) (26 Points)

24 October 2013

Can anybody please let me know that if a company was required to file its 23AC and ACA in xbrl mode in the F.Y - 2012-13 but wrongly it has filed in normal mode. Then can it be filed again in XBRL.

Please also let me know that in the F.Y - 2012-13 non of the criterias are satisfied for xbrl filing but in previous year it has filed in xbrl because of exceeding its turnover of Rs. 100 Crore. Whether in F.Y - 2012-13 it should be filed in xbrl too irrespective of non fulfillment of criterias for xbrl filing.

Its urgent...........

Thanx.......

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3 Replies

CS BHAVIN SHETH (MANAGER-Company Secretary) (131 Points)
Replied 24 October 2013

Dear pankaj ji,

As far as my limited knowledge is concern, please see the below mentioned extract and which shows that you should file in XBRL mode .

XBRL FINANCIAL STATEMENTS – REQUIREMENTS IN INDIA

The following class of companies have to file their Balance Sheet, Profit and Loss Account and

other documents as required under section 220 of the Companies Act, 1956 with the Registrar

using the Extensible Business Reporting Language (XBRL) taxonomy given in Annexure

enclosed to the rules for the financial year ending on or after 31st March, 2012 with e-Form no.

23AC-XBRL and 23ACA-XBRL specified underthe Companies (Central Government) General

Rules and Forms, 1956, namely:-

(i) all companies listed in India and their Indian subsidiaries;

(ii) all companies having a paid up capital of Rs 5 crore and above; and

(iii) all companies having a turnover of Rs 100 crore and above.

(iv)all companies who were required to file their financial statements for FY 2010-11, using

XBRL.

However, banking companies, Power companies, Non Banking Financial Companies (NBFC)

and Insurance companies are exempted from XBRL filing till further order.

regards

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PANKAJ KUMAR CHOUBEY (Company Secretary and Compliance officer) (26 Points)
Replied 24 October 2013

Thanx Mr. Bhavin for your quick reply but i want to know that if any one has filed 23AC and ACA wrongly in normal mode, then can it be filed again in xbrl for the F.Y - 2012-13.

REGARDS,