can we do annual filling now?

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officer CS
748 Points Joined September 2010

Dear Members,

 

The accounts of our four five companies are ready audited and signed .. out of which three companies are small private companies and one is the associate of the lsited company and other two are the wholy owned subsidiary of the listed company.

Can we start the anual filing now ???

 

or wait for the XBRL???

 

since the small private companies and the associates of listed company does not cm under XBRL, can we do the annual filing of the same..

 

and for subsidiaries, we ill wait??

 

regards,

Mayuri lal

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On 26 May 2011 at 16:50 Report
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study study n study
147 Points Joined February 2011

I think XBRL is applicable for all listed companies and their subsidairies , hence you have to wait for XBRL

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On 27 May 2011 at 09:40
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Company Secretary
754 Points Joined January 2011
Originally posted by : Jyotika

I think XBRL is applicable for all listed companies and their subsidairies , hence you have to wait for XBRL

 Hi Mayuri / Jyotika

 

XBRL is applicable only for listed companies & subsidiaries having

1. PSC limit of 5cr & Above  OR

2. Turnover of 100 Cr & Above.

If your subsidiaries does not have the above limit, in my view you can proceed to file annual return.

(XBRL will not be applicable).  Only your Listed company can wait for XBRL Mode of  filing  subject to above limits.

 

Please find attached the MCA Circular No.25 -Corrigendum dated 12.05.2011 for reference.

Other views solicited

 

regards

Santosh Shah

 

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On 27 May 2011 at 10:13
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officer CS
748 Points Joined September 2010

Thanks santosh.

 

our listed company and its other two subsidiaries fullfills the condition of PSC limit of 5cr & Above  OR

2. Turnover of 100 Cr & Above.

So it means will hold their annual filing and for other subsidiaries not fulfilling the above conditions can be done now.

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On 27 May 2011 at 10:36


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