If till 31st March,2011 paid up capital of a unlisted company is less than5 Crore but it increases after 1st April 2011 and becomes12 Crores whether the filing for the Financial Year 2010-11is to be done By XBRL mode or not.
At Present MCA is showing paid- up as12 Crore . Please Clarify?
Under Phase I following class of companies are required to file their Balance Sheet and Profit and Loss Account in XBRL Format:-
The Capital of your Company has increased after 31st March, 2011 therefore, in my opinion, it will not be covered under phase-I.
Yes, Agreed with Mr. CS Ankur.
In the initial phase, the MCA mandate applies to:
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All companies listed in India and their Indian subsidiaries; or
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All companies having a paid up capital of INR 5 croresand above; or
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All companies having a turnover of INR 100 croresand above.
For the purpose of date for identifying capital, 31st march is to be taken because for the purpose of turnover FY is to be taken.
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