MCA
Ministry of Corporate Affairs has notified the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016. Ministry has amended the proviso to the said rules to exempt housing finance companies from filing financial statements in XBRL mode. The amended rules shall come into force on the date of their publication in the Official Gazette. Now the exemption from filing of financials in XBRL mode is extended to the companies in the following sector: banking, insurance, power sector, non-banking financial companies and housing finance companies