With an aim to make reporting more accurate and efficient, BSE had implemented the XBRL (eXtensible Business Reporting Language) based reporting for shareholding pattern, from June 11, 2015.
The Ministry of Corporate Affairs has raised concerns about "misleading" inaccuracies in financial disclosures made by some companies in filings made through the new reporting format XBRL.
Launch pioneers an integrated experience for companies who need to comply with the MCA filing requirements in XBRL format.
MCA has recently mandated certain class of companies to file their audited financial statements for the year ended March 31, 2011 onwards using XBRL taxonomy.
The Ministry of Corporate Affairs has allowed listed companies to file their accounts on the XBRL platform till September 30, reports CNBC-TV18.