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<h1>Indian Companies Required to File Financials in XBRL Format, Exemptions for Certain Sectors in 2010-11</h1> The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011, effective from October 6, 2011, require certain companies to file their Balance Sheet and Profit and Loss Account using XBRL taxonomy. This applies to companies listed on Indian stock exchanges and their subsidiaries, companies with paid-up capital of five crore rupees or more, or companies with a turnover of one hundred crore rupees or more. Exemptions for XBRL filing for the financial year 2010-11 are granted to companies in the Banking, Insurance, Power Sectors, and Non-Banking Financial sectors.