Leading stock exchange BSE today said all listed entities on its platform are required to compulsorily file their respective reconciliation of share capital audit report in XBRL mode, from July 1.
XBRL (eXtensible Business Reporting Language) is an electronic format for communication of business and financial data. It is a computer readable language having its own grammar and framework of rules.
"It has been decided that with effect from July 1, 2017 onwards, all listed entities with BSE, would be required to make their filings in respect of Reconciliation of Share Capital Audit Report...In XBRL mode along with the submission of the original share capital audit report in PDF mode," BSE said in a notice.
Earlier, BSE had asked all listed companies to file their disclosures regarding important listing regulations like shareholding pattern, corporate governance report and voting results in this format. The move was aimed at making reporting more accurate and more efficient.
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