Q & A:XBRL Applicability In Case of Holding & Subsidiary Company In case of Tunover / Paid Up Capital To:

[P.D.RUNGTA]

Query:XBRL Applicability In Case of Holding & Subsidiary Company In case of Tunover / Paid Up Capital
To:

 


H Pvt. Ltd. (HOLDING ) (Unlisted) Having Share Capital Of Rs. 15 Crs & Turnover is above Rs. 100 Crs. And having TWO Subsidiary

S1 Limited (unlisted) Having capital of Rs. 50 Lacs & turnover is less than Rs.100 crs. AND also having subsidiary, A & B.

S2 Pvt. Ltd (unlisted) having capital of Rs. 50Lacs & turnover is less than Rs.100 crs.

Query


Is XBRL FILLING Applicable to H Pvt. Ltd. (HOLDING CO) Only? 
Is XBRL FILLING Applicable to Both Holding & Subsidiary?
--


Best Regards:
Manish Buchasia / M. S. Buchasia & Associates 
(Practising Company Secretaries)
410, "SATYAM MALL" Nr Kameshwar School, Opp Samman,
Jodhpur, Satellite , Ahmadabad -380015, Gujarat
(M) 09898055367 (O) 079-40030098, 30023620 
(e) manishbu...@gmail.com
NB: Ack the mail by Reply

 

Reply:1

Mr. Buchasia,

MCA circular in this regard is very clear.
If you go through the lines of circular, you will find that at present 
XBRL filing of financial documents is applicable for co. H only.



--

CA. HARI RAM AGARWAL


Reply:2

XBRL filing is only applicable to Holding Company.

In case the holding company would have been listed, it would have been applicable to its subsidiaries also irrespective of paid up cap or turnover.

Also, note that for all Holding Company who prepare consolidated as well as standalone financial statements, both needs to be filed in XBRL mode.

Best Regards,

Sumit Binani
[PGDBM-IIM-Cal, ACA, FCS, AICWA]
Room No 6, 4th Floor,
Commerce House,
2A Ganesh Chandra Avenue,
Kolkata-700013
+913330288956-58 (land lines)
+913330288959 (fax)
+919830810003 (hand phone)

Reply:3

Dear All, 



For the sake of convenience, I am reproducing below the relevant extract of General Circular no.09/2011 t. 31.03.2011, amended vide circular no.25/2011 dt.12.05.2011:- 



Coverage in Phase I: 


The following class of companies have to file the Financial Statements in XBRL form only from the year 2010-11:- 


(i) All Companies listed in India and their subsidiaries, having paid up capital of Rs.5 crore and above or a turnover of Rs.100 crore or above, excluding banking companies, insurance companies, power companies, Non-Banking Financial Companies (NBFCs) and overseas subsidiaries of these companies ; 

(ii) All Companies having a paid up capital of Rs. 5 crore and above or a turnover of Rs.100 crore or above. 


From the above, it is clear that XBRL filing is applicable as follows:- 




1) H Pvt. Limited ( unlisted holding company) since it falls under the second category of companies ; 



2) S-I Limited and S-2 Pvt. Limited are not covered under the circular as these companies have neither the paid up capital of Rs. 5 crore and above nor a turnover of Rs.100 crore or above. 





If the holding company was a listed company then the situation would have been different and in that case, both the subsidiary companies would be required to file the financial statements in XBRL form only as it would come under the first category of companies. 






With warm regards, 



CS. K. Krishnamoorthy 
Bangalore 
9980744334 


Best Regards,
Pramod Dayal Rungta
M.Com.,LL.B.,AICWA.,DISA(ICAI).,FCA
Member EIRC ICAI (2010-12)

P.D.Rungta & Co.
Chartered Accountants

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