Xbrl urgent

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ours is the PRIVATE LIMITED COMPANY  HAVING TURNOVER OF MORE THAN 100CRORES DURING THE FINANCIAL YEAR 2010-2011 HENCE WE HAVE FILIED THE 23ac aca IN XBRL MODE for the financial year 2010-11 and 11-12

AND IN SUCCEEDING YEAR ie 2010-11 onwards IT GOT REDUCED TO LESS THAT 100CRORES

as per the MCA Circular the applicability of XBRL is as follows

  1. all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or
  2. all companies having paid up capital of Rupees five crore and above; or
  3. all companies having turnover of Rupees one hundred crore and above; or
  4. all companies who were required to file their financial statements for FY 2010-11, using XBRL.

now the company status is

paid up capital is 1,00,000

unlisted private limited comapany

turnover is less than 100 crores

shall we continue to file form 23AC aca in XBRL mode

however point no 4 is applicable only for the financial year 2011-12 and now it is not applicable

hence our company need not file the financial statement through XBRL mode

Please correct me if i am wrong

 

A

Replies (4)

Dear sir,

as rightly said by you, you are not required to file accounts in XBRL mode, as it was mandated for 1 year only i.e. 2011-12, not for 2012-13.

Once company has filed in XBRL, it is mandatory for the company to file future reporting also in XBRL, even though basic criteria not full filed.

 

Thanks,

You need to file your balance sheet in XBRL mode becuase clause 4 is still applicable in your case.

 

all companies who were required to file their financial statements for FY 2010-11, using XBRL.

Read more at: /forum/xbrl-urgent-269094.asp#.UnIMEVNGV_Y
all companies who were required to file their financial statements for FY 2010-11, using XBRL.

Read more at: /forum/xbrl-urgent-269094.asp#.UnIMEVNGV_Y

 

 

Dear sir,

for  example :

During the year 2011-12 the company has reached the turnover of 100 Crores hence it  has filed its annual report through XBRL Mode

For the financial year 2012-13 turnover of the company got reduced to 50 Crores

And now the status of the company is

1.Paid-up share Capital is 1,00,000

2.Turnover  is 50 Crores

3.And it has not filed  its balance sheet and profit and loss account through XBRL mode for the financial year 2010-11

4.Company is unlisted private limited company

 

Now is it required for the company to file its Annual report through XBRL mode for the financial year  12-13

 

Please clarify  me

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