- All companies listed with any stock exchange(s) in India and their Indian subsidiaries; or
- All companies having paid up capital of Rs 5 crore and above; or
- All companies having turnover of Rs 100 crore and above; or
- All companies who were required to file their financial statements for FY 2010-11, using XBRL mode.
However, banking companies, insurance companies, power companies and Non-Banking Financial Companies (NBFCs) are exempted from XBRL filing till further orders.
The applicable taxonomy as per Schedule VI of the Companies Act , 1956 has already been placed on the Ministry`s website www.mca.gov.in . The Business Rules, validation tools, etc. required for preparing the financial statements in XBRL format , as per the revised Schedule-VI and Accounting Standards, are under preparation and would soon be made available by the Ministry. The actual date for enabling XBRL filing will be intimated separately.
The above class of companies will be allowed to file their financial statements in XBRL mode without any additional fee/ penalty upto November 15, 2012 or within 30 days from the date of their AGM, whichever is later.
For further details check MCA website