Tag: XBRL

Best XBRL Software for Preparation & Validation of Annual Report in XBRL Format

Introduction

In the fast-evolving landscape of financial reporting, the extensible Business Reporting Language (XBRL) has emerged as a game-changer, revolutionizing the way companies prepare and validate their financial data. With the increasing demand for accurate and transparent reporting, XBRL software has become a crucial tool for businesses of all sizes. In this article, we present a comprehensive list of the best XBRL return software that excel in both preparation and validation, ensuring a seamless reporting experience.   

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What is XBRL Filing Software? The Ultimate Guide of XBRL Software

XBRL filing software is a type of software. That is used to prepare and file financial and business reports in the XBRL format. XBRL(eXtensible Business Reporting Language), is a digital language and framework used to communicate business and financial information electronically.

This XBRL software is designed to tag financial data accurately in the XBRL format and also helps to validate and submit the XBRL report to regulatory bodies. It simplifies the process of preparing and presenting financial data in the XBRL format while ensuring accuracy and compliance with regulations.

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Filing of announcements in XBRL format on BSE listing centre

Circular By Bombay Stock Exchange(BSE) & Nation Stock Exchange(NSE) – Disclosure Under Regulation 30 of SEBI LODR in XBRL Format.

Circular
Notice No. 20230331-87 Notice Date 31 Mar 2023
Category Circulars Listed Companies Segment Equity
Subject Filing of announcements in XBRL format on BSE listing centre

The Company Secretary

All Listed Companies

Further to Exchange notice dated January 27, 2023, bearing no: 20230127-37 on the captioned subject for submitting corporate announcements under certain subjects, please note that the following announcements subjects filed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) will be available in XBRL format with effect from April 01, 2023: (‘effective date’):

 

·         Disclosure under Regulation 30 of SEBI LODR:

 

1.  Issuance or forfeiture of securities, split or consolidation of shares, buyback of securities, any restriction on transferability of securities or alteration in terms or structure of existing securities including forfeiture, reissue of forfeited securities, alteration of calls, redemption of securities etc.

2.  Agreements (viz. shareholder agreement(s), joint venture agreement(s), family settlement agreement(s) (to the extent that it impacts management and control of the listed entity), agreement(s)/treaty(ies)/contract(s) with media companies) which are binding and not in normal course of business, revision(s) or amendment(s) and termination(s) thereof.

3.   Fraud/defaults by promoter or key managerial personnel or by listed entity or arrest of key managerial personnel or promoter.

4.      One time settlement with a bank

5. Resolution plan/ Restructuring in relation to loans/borrowings from banks/financial institutions (Inter-Creditors Agreement).

6.    Corporate Debt Restructuring.

7.    Notices of Shareholders Meeting

 

At the initial stage, the PDF filings will be considered by the Exchange as compliance under Regulation 30 of the SEBI LODR.  Further, all listed entities would be required to also submit the filings in XBRL mode within 24 hours of submission of the said PDF filing. At a later stage (date to be informed separately) Exchange will shift to only XBRL submission.

It may be noted that, XBRL utility for the above-mentioned subjects is available in XBRL section of the Listing Centre.

 

BSE has provided an online real-time Helpdesk to assist Users with their XBRL filings they may email queries if any to bse.xbrl@bseindia.com or call the Helpdesk on toll free number 1800 233 0445. 

 

 

BSE Launches XBRL Taxonomy for Listed Insurance Companies to File Their Financial Results on the Exchange

Mumbai, Friday, 8 February 2019: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds has launched the XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange. It will now be mandatory for all listed insurance companies to file their financial results in XBRL format for period ending March 31, 2019, onwards.

The filing of results in XBRL was already mandatory for all other types of listed entities, which has now been extended to listed insurance companies too.

BSE has also made available the simple Excel Utility with built-in validations to assist companies to simply fill in the details and prepare the XBRL file for uploading into BSE’s Listing Portal. The exchange has also made the XBRL taxonomy available to all listed companies free of cost, on its website for enabling companies to directly generate XBRL files.

All companies would be required to file the financial results in PDF format along with the LRR/Auditors Report, through CAFS system within 30 minutes of conclusion of Board Meeting and follow this up with the XBRL filing within 24 hours. Announcements through BSE’s CAFS system will reflect seamlessly and almost instantaneously on the exchange’s website for public dissemination.

BSE is well known for adopting state-of-the-art technologies and using them to provide its users and customers a more enriching and satisfying experience. This investor-friendly move is expected to enable faster and better decision making by investors and public at large.

BSE Launches XBRL Taxonomy for Listed Insurance Companies

XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange

BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds has launched the XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange. It will now be mandatory for all listed insurance companies to file their financial results in XBRL format for period ending March 31, 2019, onwards.

The filing of results in XBRL was already mandatory for all other types of listed entities, which has now been extended to listed insurance companies too.

BSE has also made available the simple Excel Utility with built-in validations to assist companies to simply fill in the details and prepare the XBRL file for uploading into BSE’s Listing Portal. The exchange has also made the XBRL taxonomy available to all listed companies free of cost, on its website for enabling companies to directly generate XBRL files.

All companies would be required to file the financial results in PDF format along with the LRR/Auditors Report, through CAFS system within 30 minutes of conclusion of Board Meeting and follow this up with the XBRL filing within 24 hours. Announcements through BSE’s CAFS system will reflect seamlessly and almost instantaneously on the exchange’s website for public dissemination.

BSE is well known for adopting state-of-the-art technologies and using them to provide its users and customers a more enriching and satisfying experience. This investor-friendly move is expected to enable faster and better decision making by investors and public at large.