Extensible Business Reporting Language requires companies to express and file financial information electronically using approved taxonomies. Defines Extensible Business Reporting Language (XBRL) as the standardised electronic language for expressing, reporting or filing companies' financial information; describes 'Document and forms' as those required to be filed under the Act or rules; and defines Taxonomy as the XBRL electronic dictionary for reporting business data, which must be the version approved by the Central Government for the indicated documents or forms.