<h1>India Mandates XBRL for Financial Reporting: Applies to Listed Companies, Large Capital, and Turnover; Exemptions for Specific Sectors.</h1> The Ministry of Corporate Affairs in India has mandated that from the financial year 2010-11 onwards, certain companies must file their Balance Sheets and Profit and Loss Accounts using eXtensible Business Reporting Language (XBRL). This requirement applies to all listed companies in India and their subsidiaries, companies with a paid-up capital of Rs. 5 crore and above, and those with a turnover of Rs. 100 crore and above. Exemptions include banking, insurance, power companies, and NBFCs. Companies can file without additional fees if done by September 30, 2011, and training on XBRL is available for stakeholders.