MCA:
MCA has released the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015, which shall come into force from the date of their publication in the Official Gazette. Through these Rules, applicability of Extensible Business Reporting Language (XBRL) and its Taxonomy has been prescribed. Accordingly, all listed companies and their lndian subsidiaries, Companies having paid up capital of rupees five crore or above or turnover of rupees hundred crore or above shall file their financial statement and other documents under section 137 of the Act, with the Registrar in e-form AOC-4 XBRL for the financial years commencing on or after 1st April 2014. Further, all companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011 shall continue to file their financials in XBRL mode and exemptions have been provided for Banking, lnsurance, Power Sector and Non-Banking Financial companies are exempted from XBRL filing.
MCA:
MCA has released the Form CRA-4 (Form for filing Cost Audit Report with the Central Government) is available for filing w.e.f11th Sep 2015. A company required to furnish cost audit report and other documents to the Central Government under sub-section (6) of section 148 of the Act and rules made thereunder, shall file such report and other documents using the XBRL taxonomy for the financial years commencing on or after 1st April, 2014 in e-Form CRA-4 specified under the Companies (Cost Records and Audit) Rules, 2014.
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