Calculation of due date for XBRL Filing
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Abhishek Bharadwaj A.B.
Nov 7, 2011, 10:25:59 PM11/7/11
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Dear All,
As we all are aware that MCA has given extended due date for XBRL filings vide circular No. 57/2011 dated 28.07.2011.
The relevant extract of the circular is as below;
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There is no confusion in the first part, that is 30.11.2011 in the second part, kindly help me interpreting the same
As per few professionals, the wordings "Within 60 days of their due date" would mean, As per Companies Act, after conclusion of AGM 30 days will be the due date for filing form 23AC and ACA, so for XBRL filing 60 days has to be calculated from the due date.
Example: Date of AGM: 30.09.2011
Regular Due Date: (30 days) 30.10.2011
Extended Due Date: (60 days from due date) 30.12.2011
As we all are aware that MCA has given extended due date for XBRL filings vide circular No. 57/2011 dated 28.07.2011.
The relevant extract of the circular is as below;
There is no confusion in the first part, that is 30.11.2011 in the second part, kindly help me interpreting the same
As per few professionals, the wordings "Within 60 days of their due date" would mean, As per Companies Act, after conclusion of AGM 30 days will be the due date for filing form 23AC and ACA, so for XBRL filing 60 days has to be calculated from the due date.
Example: Date of AGM: 30.09.2011
Regular Due Date: (30 days) 30.10.2011
Extended Due Date: (60 days from due date) 30.12.2011
Abhishek Bharadwaj A.B.
Nov 7, 2011, 10:37:21 PM11/7/11
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Dear All,
As we all are aware that MCA has extended the due date for XBRL Filing vide Circular No. 57/2011 dated 28.07.2011.
The relevant extract of the circular is as below:
"All companies falling in Phase-I class of companies (excluding exempted class) are permitted to file their financial statements without any additional fee up to 30.11.2011 or within 60 days of their due date, whichever is later."
As far as the first part is concerned, that is 30th November 2011, there is no confusion.
Where as in second part, that is "within 60 days of their due date" , as per few professionals it would mean that, as per Companies Act, within 30days of AGM form 23AC and ACA has to be filed and due date for XBRL would be 60 days from due date.
Example:
Date of AGM: 30.09.2011
Due Date for regular filings: (30 days from AGM) 30.10.2011
Due Date for XBRL Filings: (60 days from due date) 30.12.2011
As per few professionals it is 30.11.2011, kindly help me out in interpreting the above circular.
Thanks,
Best Regards;
CS Abhishek Bharadwaj A. B.
Bangalore
As we all are aware that MCA has extended the due date for XBRL Filing vide Circular No. 57/2011 dated 28.07.2011.
The relevant extract of the circular is as below:
"All companies falling in Phase-I class of companies (excluding exempted class) are permitted to file their financial statements without any additional fee up to 30.11.2011 or within 60 days of their due date, whichever is later."
As far as the first part is concerned, that is 30th November 2011, there is no confusion.
Where as in second part, that is "within 60 days of their due date" , as per few professionals it would mean that, as per Companies Act, within 30days of AGM form 23AC and ACA has to be filed and due date for XBRL would be 60 days from due date.
Example:
Date of AGM: 30.09.2011
Due Date for XBRL Filings: (60 days from due date) 30.12.2011
As per few professionals it is 30.11.2011, kindly help me out in interpreting the above circular.
Thanks,
Best Regards;
CS Abhishek Bharadwaj A. B.
Bangalore
poonam jain
Nov 8, 2011, 1:24:18 AM11/8/11
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Hi..
As it is clearly mentioned in the circular that 30.11.2011 or within 60 days of their due date, whichever is later....
The dates calculated in your example is correct.
Regards,
Poonam....
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Regards
Poonam.
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