Just a moment...

⚠✕
❮ Top
☎ Help
☰
×

By creating an account you can:

Logo TaxTMI
>
Keyword Search :
AI Tools : New
Ask tax questions in natural language. Powered by AI trained on the TaxTMI legal database. Use AI Tools ➞
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
╳
Add to...
You have not created any category. Kindly create one to bookmark this item!
✕
Create New Category
Hide
Title :
Description :
❮❮ Hide
❮ Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search ❯
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text ❯
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ---- ❯
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----❯
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----❯
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    December 28, 2011
    MCA Initiatives During 2011.
    December 13, 2011
    RBI delegates Compounding Powers under FEMA to its Regional Offices
    November 15, 2011
    India-EU committed to A balanced, ambitious BTIA by early 2012 India Belgium look for ways to diversify trade.
    November 5, 2011
    Issue of Demand Drafts for Rs. 20,000/- and above.
    November 5, 2011
    Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques.
    September 30, 2011
    Press Release on FDI Circular 2 of 2011.
    September 26, 2011
    UPDATED USER GUIDE ON PAYING MCA21 FEES VIA NEFT
    September 22, 2011
    Anand Sharma Pushes for Making India HUB for Manufacturing Advanced Electronics Components Cautions against Protectionism by The United States Present...
    August 30, 2011
    1003 Bank Branches Opened in Rural Areas in 2011-11
    August 8, 2011
    FDI Equity Inflows for June, 2011
    July 17, 2011
    Overseas Direct Investment for June 2011
    July 17, 2011
    Branch Authorization Policy - Opening of branches in unbanked rural centres
    July 11, 2011
    Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode
    July 10, 2011
    Sources of Variation in Foreign Exchange Reserves in India during 2010-11
    July 10, 2011
    Section 19 of the Banking Regulation Act, 1949- Equity Investments in subsidiaries and other companies– Draft Guidelines
    July 10, 2011
    Economic Reforms for Sustainable Growth
    July 8, 2011
    Recent Initiatives taken by the Ministry of Corporate Affairs.
    June 29, 2011
    Shri P. Vijaya Bhaskar and Shri B. Mahapatra take charge as New EDs at RBI
    June 20, 2011
    Financial Stability Report June 2011
    June 17, 2011
    India Russia Express Intent for CECA 9000 Crore Steel Plant to Come Up Near Bellary Our Common Target is to Achieve Usd 20 Billion in Trade by 2015: A...
❮
❯
❯❯
MaximizeMaximizeMaximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

    +

    Are you sure you want to delete "My most important" ?

    NOTE:

    Open Link
    News
    All› FEMA & RBI › FEMA & RBI - 2011
    Showing Results for :
    Reset Filters
    Results Found:
    Show All SummariesHide All Summaries
    December 28, 2011
    MCA Initiatives During 2011.
    Show AI Summary
    Corporate law reform expands e governance and streamlines company compliance through procedural simplifications and digital filings.
    Comprehensive corporate regulatory reforms in 2011 focused on introducing the Companies Bill, 2011 and strengthening MCA21 e Governance to expand electronic filing, XBRL monitoring, e payments and digital service of documents; procedural simplifications included 24 hour incorporation, DIN/DPIN integration, delegation of section 25 licences to RoCs, Fast Track and Easy Exit schemes, reduced ROC timelines, and measures to improve LLP governance and investor awareness.
    December 13, 2011
    RBI delegates Compounding Powers under FEMA to its Regional Offices
    Show AI Summary
    Compounding powers under FEMA delegated to regional offices to settle specified foreign exchange contraventions administratively.
    Compounding powers under FEMA are delegated to specified Regional Offices to compound contraventions including delay in reporting inward remittances, delay in filing Form FC-GPR after allotment of shares, and delay in issuance of shares; the delegation establishes a two-tier regime where certain Regional Offices may compound reporting and filing contraventions subject to a monetary cap and principal Regional Offices may compound those contraventions plus delayed issuance of shares without a monetary limit, implemented by a central circular with detailed instructions.
    November 15, 2011
    India-EU committed to A balanced, ambitious BTIA by early 2012 India Belgium look for ways to diversify trade.
    Show AI Summary
    Broad-based Trade and Investment Agreement aims to expand market access and diversify bilateral trade and investment sectors.
    Negotiations target a balanced, ambitious Broad-based Trade and Investment Agreement (BTIA) between India and the EU by early 2012 to enhance reciprocal market access in goods and services, relying on predictable and stable regulatory arrangements to facilitate private-sector participation. The statement identifies sectoral priorities for trade diversification-communication, pharmaceuticals, biotechnology, chemicals, automotive parts, energy, ports, construction, banking and finance, electronics and software, fertilizers and renewable energy-and highlights infrastructure investment opportunities across highways, power, railways, airports, ports, waterways and industrial facilities.
    November 5, 2011
    Issue of Demand Drafts for Rs. 20,000/- and above.
    Show AI Summary
    Account payee crossing requirement: banks must issue demand drafts above the specified threshold with crossing to prevent cash misuse.
    Banks must issue demand drafts of Rs. 20,000 and above with account payee crossing to prevent their misuse as substitutes for cash; uncrossed drafts used to transfer money should be avoided, and crossed instruments must be credited to the payee's account rather than paid in cash over the counter.
    November 5, 2011
    Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques.
    Show AI Summary
    Cheque presentment period shortened - banks barred from paying instruments presented beyond the revised three-month presentment timeframe.
    Banks are directed to refuse payment of cheques, drafts, pay orders and banker's cheques dated on or after the effective date if presented beyond three months from the date of the instrument; banks must ensure strict compliance and notify holders by printing or stamping presentment instructions on instruments issued on or after that date.
    September 30, 2011
    Press Release on FDI Circular 2 of 2011.
    Show AI Summary
    Foreign direct investment policy update: expanded sector permissions and eased conversion, pledge, and escrow rules for investors.
    The circular exempts construction-development activities for educational institutions and old-age homes from general conditionalities, permits apiculture under controlled conditions and includes R&D in biotechnology, pharmaceutical and life sciences within industrial park activities; it raises the foreign investment limit in terrestrial/FM radio, clarifies conversion of imported capital goods and pre-operative expenses to equity with defined application procedures and allows pledging of shares and non-interest-bearing escrow accounts under specified regulator conditions.
    September 26, 2011
    UPDATED USER GUIDE ON PAYING MCA21 FEES VIA NEFT
    Show AI Summary
    MCA21 NEFT payments: upload eForm, transfer funds, then link UTN and SRN to confirm payment.
    MCA21 allows NEFT payments: upload eForm, select NEFT, generate SRN/eChallan, transfer full amount to designated MCA collection account, obtain UTN, then log into MCA21 to link UTN with SRN by supplying originating account number and amount; successful matching notifies MCA21 to create a work item. Separate SRNs and separate single transactions are required for filing fees and stamp duty, and SRNs expire if payment/notification does not reach MCA21 within the settlement window.
    September 22, 2011
    Anand Sharma Pushes for Making India HUB for Manufacturing Advanced Electronics Components Cautions against Protectionism by The United States Presented Key of City of Dallas.
    Show AI Summary
    Protectionism warnings: openness in trade and professional mobility urged to foster India-US electronics manufacturing collaboration.
    India aims to build a manufacturing hub for advanced electronics by promoting US-India collaboration in education, research, and institutional linkages to support innovation and high end production. The Minister warned that protectionism and barriers to trade or the movement of professionals would be counter productive, urging openness, diaspora engagement, and cooperative frameworks to facilitate investment, talent flows, and technology partnerships.
    August 30, 2011
    1003 Bank Branches Opened in Rural Areas in 2011-11
    Show AI Summary
    Rural banking expansion: directive requires banks to extend services to designated habitations via business correspondents and oversight.
    Banks were directed to extend banking facilities to designated rural habitations using the Business Correspondent model with technology support; authorities allocated identified habitations to banks for outreach. Progress reporting showed a significant number of habitations covered and that scheduled commercial banks opened additional rural branches during the reporting year, with implementation monitored through periodic government meetings and official submissions.
    August 8, 2011
    FDI Equity Inflows for June, 2011
    Show AI Summary
    Foreign direct investment inflows show a pronounced year-on-year rise, with strong monthly, quarterly and midyear gains reported.
    FDI equity inflows for June 2011 demonstrate a sustained high-inflow trend: a record second-highest monthly equity inflow in the last eleven financial years, substantial year-on-year increase for June, marked growth for the April-June quarter compared with the same quarter in the prior financial year, and a significant rise in cumulative inflows for January-June compared with the previous calendar year, as reported by the Reserve Bank of India.
    July 17, 2011
    Overseas Direct Investment for June 2011
    Show AI Summary
    Overseas Direct Investment data release: monthly disclosure covering Automatic and Approval investment routes, notifying regulatory reporting.
    Overseas Direct Investment data for the month was released as a regulatory disclosure covering flows reported under both the Automatic Route and the Approval Route, published as an official press release indicating the availability of monthly ODI figures and their categorisation by investment route.
    July 17, 2011
    Branch Authorization Policy - Opening of branches in unbanked rural centres
    Show AI Summary
    Branch allocation mandate requires banks to open a significant share of new branches in unbanked rural centres.
    Banks must allocate at least 25 percent of branches proposed under their Annual Branch Expansion Plan to unbanked rural centres (Tier 5 and Tier 6), defined as rural centres lacking any brick-and-mortar branch of a scheduled commercial bank. General permission remains for opening branches in Tier 3-6 without prior approval, while Tier 1-2 openings require prior authorisation that will factor in this 25 percent allocation and banks' performance in financial inclusion and service. An incentive grants additional Tier 1 authorisation for each branch opened in underbanked districts of underbanked States, excluding those counted toward the 25 percent requirement.
    July 11, 2011
    Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode
    Show AI Summary
    XBRL filing requirement: electronic-format financial statements must include statutory auditor certification before portal submission.
    XBRL is mandated for filing balance sheet and profit and loss accounts on the electronic filing portal for financial years from the revised effective date; statutory signing requirements continue and the Statutory Auditor must certify XBRL-prepared financial statements prior to portal submission. Specified company classes and certain sectoral exemptions unable to file in XBRL are temporarily protected from additional fee penalties for delayed filings subject to the announced interim concession.
    July 10, 2011
    Sources of Variation in Foreign Exchange Reserves in India during 2010-11
    Show AI Summary
    Valuation gains drove nearly half of India's foreign exchange reserves increase, with capital and current account flows shaping the rest.
    Reserves rose during April-March 2010-11 through net capital inflows and valuation gains. The current account deficit reduced reserves, while net capital account surpluses-driven by foreign investment (FDI and portfolio inflows), external commercial borrowings, banking capital including NRI deposits, short term trade credit, and external assistance-added to reserves, partly offset by other capital items. Valuation gains from US dollar depreciation against major currencies accounted for about half of the total increase; on a BoP basis (excluding valuation effects) reserve accumulation was substantially smaller.
    July 10, 2011
    Section 19 of the Banking Regulation Act, 1949- Equity Investments in subsidiaries and other companies– Draft Guidelines
    Show AI Summary
    Equity investment limits restrict banks from exercising control via non subsidiary firms, requiring approvals for significant holdings.
    Prudential guidelines under Section 19 restrict banks' equity investments to prevent indirect undertaking of prohibited activities: subsidiaries may be formed only for permitted banking functions or with RBI approval; equity in financial services entities requires prior RBI approval and counts toward prudential ceilings; non financial investee holdings are capped relative to the investee's paid up capital or the bank's capital and reserves, with trading category holdings included. Aggregation rules and accounting standard tests determine control, and banks must review and regularise non conforming relationships or seek RBI approval.
    July 10, 2011
    Economic Reforms for Sustainable Growth
    Show AI Summary
    Sustainable growth requires coordinated reforms in food supply, human capital, infrastructure and financial inclusion to improve livelihoods.
    Sustainable growth must be assessed by household welfare and requires reforms across four areas: increase food supply and reduce distribution losses to address protein led food inflation; enhance human capital via secondary education, vocational training, labour regulation reform and safety nets to translate demographic advantage into productive employment; close sectoral and urban infrastructure gaps through regulatory clarity and improved urban governance to accommodate rapid urbanisation; and deepen financial inclusion and develop the corporate bond market to finance infrastructure, alongside principles of welfare orientation, risk mitigation and pragmatic, locally adapted implementation.
    July 8, 2011
    Recent Initiatives taken by the Ministry of Corporate Affairs.
    Show AI Summary
    Corporate governance reforms expand electronic compliance, CSR guidelines and streamlined incorporation to ease business regulation.
    The Ministry of Corporate Affairs issued National Voluntary Guidelines on business social, environmental and economic responsibilities and implemented electronic and procedural reforms to simplify compliance: authorised e service of statutory documents, digital Registrar certificates, video conferencing and electronic voting, online DIN allotment and paperless incorporation forms, delegation of section 25 licensing, DPIN-DIN integration for LLPs, priority registration for foreign businesses, Fast Track Exit and enforcement measures blocking e form filing by chronic defaulters until compliance is restored.
    June 29, 2011
    Shri P. Vijaya Bhaskar and Shri B. Mahapatra take charge as New EDs at RBI
    Show AI Summary
    Appointment of Executive Directors: two officers given specified departmental portfolios and supervisory responsibilities at the central bank.
    Appointment of two Executive Directors at the Reserve Bank of India with specified departmental responsibilities: Shri P. Vijaya Bhaskar to oversee Central Security Cell, Department of Banking Supervision and Department of Non Banking Supervision; Shri B. Mahapatra to oversee Department of Banking Operations and Development, Department of Government and Bank Accounts, Inspection Department and Legal Department, including prior positions and qualifications noted.
    June 20, 2011
    Financial Stability Report June 2011
    Show AI Summary
    Systemic risk assessment flags banking interconnectedness and regulatory priorities to bolster resilience and strengthen oversight frameworks.
    The FSR assesses the financial system as broadly stable while identifying systemic risks from global and domestic macroeconomic pressures, rising foreign currency corporate borrowings, and banking sector interconnectedness. New tools-Network Analysis, Banking Stability Indicator, and bank Toxicity and Vulnerability indices-support stress testing that indicates adequate capitalisation but potential liquidity and profitability strains under severe scenarios. The report calls for strengthened, coordinated regulation, Basel migration, enhanced oversight of NBFCs and CCP liquidity management, and improved OTC derivatives reporting to reinforce system resilience.
    June 17, 2011
    India Russia Express Intent for CECA 9000 Crore Steel Plant to Come Up Near Bellary Our Common Target is to Achieve Usd 20 Billion in Trade by 2015: Anand Sharma Co Chairs 2nd Meeting of Inter-Governmental Commission with Russian Deputy PM.
    Show AI Summary
    Comprehensive economic cooperation intent expands bilateral trade and investment, including pharma collaboration and a planned steel joint venture.
    India and Russia signalled intent to pursue a Comprehensive Economic Cooperation Agreement to expand bilateral trade and investment, with preparatory consultations between customs authorities. Sectoral measures include pharma cooperation-establishing production units, streamlined registration, information sharing and a Task Force under an MOU-and an industrial joint venture between NMDC and OJSC Severstal to build an expandable steel plant near Bellary. Six working groups under the India Russia Working Group on Trade and Economic Cooperation will focus on IT, pharma, banking and finance modernization, precision engineering, and nanotechnology.

    News

    All› FEMA & RBI › FEMA & RBI - 2011
    Back

    All News

    Showing Results for :
    Reset Filters
      No Records Found

      News

      Home› news › FEMA & RBI › 2011 › July, 2011 › This
      Back

      All News

      whatsappJoin Channel
      Showing Results for : Reset Filters
      FEMA & RBI

      Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode

      July 11, 2011

      Contents
      Summary
      Note

      Note

      -

      Bookmark

      Print

      Print

      Print Options

      Press Information Bureau

      Government of India

      Ministry of Corporate Affairs

      11-July-2011 18:21 IST

      Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode

      The Ministry of Corporate Affairs has partially modified the Para 2 of its Circular No. 26/2011 issued on 18.05.2011. As per the modification the filing on MCA 21 in the XBRL mode will be effective in respect of financial statements closing on or after 31.03.2011 instead of the year 2011-12.

      Further, in continuation to the Circular no. 37/2011 dated 07.06.2011, the further information is given as under: --

      (i) Besides signing by signatories as specified u/s 215 of the Companies Act, 1956, the Statutory Auditor has to certify the financial statements prepared in XBRL mode for filing on MCA-21 portal.

      (ii) Phase-1 class of companies as per Circular 9/2011 dated 31.03.2011 and later exempted from XBRL filing (under Power sector, Insurance sector, NBFC and Banking sector) who are unable to file their financial statements would be exempted from additional fee due to delay in filing up to 30.09.2011.

      *****

      ST/-

      Topics

      ActsIncome Tax
      Next ➔