23 November 2012
It has now been decided by the Ministry to mandate the following select class of companies to file their Balance Sheet and Profit & Loss Account in XBRL mode for the financial year commencing on or after 1.4.2011 : (i) all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or (ii) all companies having paid up capital of Rupees five crore and above; or (iii) all companies having turnover of Rupees one hundred crore and above; or (i)all companies who were required to file their financial statements for FY 2010-11, using XBRL mode. However, banking companies, insurance companies, power companies and Non-Banking Financial Companies (NBFCs) are exempted from XBRL filing till further orders.
SO IF THAT INDIAN COMPANY IS LISTED IN THE INDIAN STOCK EXCHANGES THEN IT WILL FALL UNDER XBRL CONDITION .IN THE CIRCULAR IT HAS BEEN TOLD INDIAN SUBSIDIARIES WHICH MEAN THAT IT INCLUDES FOREIGN SUBSIDIARIES ALSO ....
ANY CFS (CONSOLIDATED FINANCIAL STATEMENT ) HAVING TURNOVER MORE THAN RS 100 CRORES IS BEING COVERED UNDER XBRL ..............
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