MCA has announced mandatory filing of Financial Statements in XBRL format vide General Circular No. 37/2011 dated 07-June-2011 (and other previous circulars) from the financial year 2010-2011 for certain class of Companies. This means that those class of Companies have to file their financial statements in XBRL format along with the Annual return to ROC / MCA before 30-Sep-2011. The circular mentions that there is no additional penalty or fee if the filing is done on or before 30-Sep-2011.


The class of Companies covered by the MCA circular are as under :

• All companies listed in India and their Indian subsidiaries
• All companies having a paid up capital of Rs. 5 Crore and above
• All companies having a turnover of Rs 100 crore and above

However, Banking Companies, Insurance Companies, Power Companies and Non-Banking Financial Companies (NBFCs) are exempted from XBRL filing.

Please follow this link to download the entire mandate… MCA Mandate