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Friday, May 4, 2012

Future of XBRL in India

A committee has been formed by MCA to develop the roadmap for future implementation of XBRL. The committee has its Terms of References as under:
  1. Identification of class of companies and various reports to be filed in XBRL in Phase-wise manner.
  2. Development of Taxonomies to be used by Corporates for their regulatory filings to government agencies.
  3. Extensions in Taxonomies and XBRL Assurance framework.
  4. Training, awareness and capacity building of stakeholders.
  5. Framework for consumption & dissemination of XBRL data.
You are requested to send your suggestions/comments on xbrl.suggestion@mca.gov.in. Or please write to Director (e-Governance), Room No. 536, A Wing, Shastri Bhawan, New Delhi 110001.

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