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XBRL Applicability.

Malathi.S (Trichy) (65 Points)

12 July 2020

1. When a Private Company falls under the category of filing its financials in XBRL, then is it mandatory for its subsidiaries to file its financials in XBRL??

2. Once the Company covered under the XBRL category, then is it mandatory to file its financials in XBRL in all its future years or it depends on the year?

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3 Replies

Chaitanya Udgirkar (43 Points)
Replied 13 July 2020

1) no
2) no

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Narendra Shah (XBRL Advisory Services) (225 Points)
Replied 13 July 2020

Hi Malathi,

With regard to your queries, please note replies:

1. No. Subsidiaries are required to file in XBRL in case of Listed Companies only. Unlisted Company's Subsidiary not required to file in XBRL if holding Co. is covered under XBRL criteria.

2. Yes - Once XBRL the Always XBRL. Notification FYR: https://www.mca.gov.in/Ministry/pdf/CompaniesXBRL0803rule_15032018.pdf

You can check applicability of XBRL for various companies and contact for any queries at: https://xbrlexperts.net/in/who-need-to-file-in-xbrl/