"All Companies falling in Phase-I class of Companies are permitted to file their financial statements without any additional fee up to 30.11.2011 or within 60 days of their due date, whichever is later.”
Further, certification and verification of XBRL documents would continue to be done by Authorized Signatory of the company as well as professional like CA, CS and CWA in whole time practice.
Thus, the requirement of certification by Statutory Auditors is done away.
Detailed circular dated 28.07.2011 attached herewith.
CAclubindia
