Tuesday 29 April 2014

Applicability of Companies Act 2013 and 1956 for XBRL Filing
As we know that New Companies act 2013 is enforced now, but what about Filing of forms for Financial Year  prior to 1 April 2014.
As per General Circular 08/2014 dated 04.04.2014, Ministry has defined applicability with regard to relevant financial year for maintenance of books of accounts and preparation/adoption/filling of financial statements, auditor’s report, board’s report and attachments to such statements  and  reports as follows:-
Financial Year Commenced Applicable Act
Earlier than 1st April 2014 Companies Act 1956
On or after 1st April 2014 Companies Act 2013
So in the light of above circular we will use Existing  forms 23 AC-XBRL and 23 ACA –XBRL for financial year commenced earlier 1st April 2014 and new for on or after 1st April 2014.

2 comments:

  1. Thanks for providing such valuable information to us, this information clears lots of confusion about filing of Balance sheet and Income Statement in XBRL Format.

    Please also tell us which forms are relevant for annual filing in XBRL for Financial year 2014-15.

    ReplyDelete
  2. I' m Jakuba Lucas  by name and I live in the Makati Philippines, Am so much filled with happiness and Joy,I would like to talk about the goodness of God in my life, after so many months of trying to get a loan on the internet, so I became desperate in getting a loan from a legit lender online then I see comment from a friend called bobby Leo and talked about this legit loan officer , where he got his loan quick and easy with no stress, so he introduced me to a man named Mr.Pedro who work as a loan officer, so I asked for a loan sum ($ 89,000.00 USD) with a low interest rate of 2%, so the loan was approved and was deposited into my bank account that was how I was able to get a loan to start up my business running and pay off my bills, so I advise each of you who are interested in getting a loan quick and easy or sblc, please contact them via    Email:    pedroloanss@gmail.com get any kind of loan you need today, thank you, as you read the greatest testimony of my life.

    ReplyDelete