The question on top of the mind for all chartered accountants, directors, company secretaries is : What is the last date for filing the Annual Return of a company for the year ended 31st March, 2012. Right? If that is your question too, you have come to the right place. To file your Annual […]
Today’s Economic Times carries an article about SEBI wanting to create a committee to view/ review the qualifications by the auditor. Sounds good? Let us see what a sister organization MCA (Ministry of Corporate Affairs) is doing. They get the significant Indian companies to file their Annual Returns in XBRL format. In the XBRL […]
Not sure how many of you will believe this, but when the DLF scrip was quoting at Rs. 1200, I asked the research head of A BIG broking firm – whether it is worth buying. He said ‘Sir based on MY accounting tolerance this share is worth Rs. 400 based on boss’s accounting tolerance and […]
Who should decide on whether self regulation works? The other regulators? The MCA? The RBI? SEBI? …hmmm tough choice! The ICAI of course a well run body representing the interest of the C As. Well if this is what you think, you think wrong. Once you get in you realize that many of the regulators […]
A friend was investing in a company which was listed about 2-3 years back, and he was about to invest Rs. 20 crores. Not a small sum and he just chatted up with me. He mentioned and asked me whether I knew the company. Sadly, I did know and did not know anything good about […]
Many companies are taking the view that the last date for filing their Annual Return with the MCA is 30th Nov, 2011. Then they back calculate and say it will take 15 days for the vendor to create an xbrl document. They think they can get up on 12th November, and be compliant! I wish […]
It is now compulsory for many companies to file their Annual Returns in XBRL format. Let us look at the process involved in doing this: You convince a company that you are capable of converting their pdf / other formats into xbrl format. Then the company sends you the annual return. Assuming it is in […]