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Applicability of Companies Act 2013 and 1956 for XBRL Filing |
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As we know that New Companies act 2013 is enforced now, but what about Filing of forms for Financial Year prior to 1 April 2014. |
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As per General Circular 08/2014 dated 04.04.2014, Ministry has defined applicability with regard to relevant financial year for maintenance of books of accounts and preparation/adoption/filling of financial statements, auditor’s report, board’s report and attachments to such statements and reports as follows:- |
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Financial Year Commenced |
Applicable Act |
Earlier than 1st April 2014 |
Companies Act 1956 |
On or after 1st April 2014 |
Companies Act 2013 |
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So in the light of above circular we will use Existing forms 23 AC-XBRL and 23 ACA –XBRL for financial year commenced earlier 1st April 2014 and new for on or after 1st April 2014. |
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