New Initiatives under MCA 21 System

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..... New Initiatives under MCA 21 System
News and Press Release
Dated:- 24-1-2012

Press Information Bureau Government of India Ministry of Corporate Affairs 24-January-2012 16:39 IST The .....

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..... Ministry of Corporate Affairs has established an added facility under MCA 21, integration with Trade Mark Authority recently. The added feature facilitates professional / public to cross verify Compan .....

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..... y name before applying for ROC approval. In addition, the XBRL reporting format has been introduced for filing of financial statements [Balance Sheet and Profit & Loss Account] of select class of com .....

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..... panies from FY 2010-11. The Ministry undertook several pro-active measures including monitoring the filing position on day-to-day basis and large scale campaign through messages on the websites of Min .....

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..... istry, Professional Institutes, Trade and Industry chambers. As a result, significant improvement in filings has been achieved. Over 21,500 companies have filed its financial statements in XBRL format .....

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..... so far, which is more than 12,500 companies in the previous month, i.e. November 2011. Efforts are being made to impart necessary training to regulators to be able to carry out necessary examination .....

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..... of filings in the XBRL mode. ***** ST/-
News - Press release - PIB .....

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