XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such information.

MCA Mandate Filing of financial statements in XBRL is mandatory for select class of companies for the financial year commencing on or after April 1, 2011 as per the MCA circular 16/2012 dated July 6, 2012.

Scope of Mandate then mandate is applicable for companies following into either one of the following category:
All companies listed with any stock exchange(s) in India and their Indian subsidiaries; or All companies having paid up capital of Rs 5 crore and above or All companies having turnover of Rs 100 crore and above; or All companies who were required to file their financial statements for FY 2010-11, using XBRL mode.

Exempted Industries Banking companies, insurance companies, power companies and Non-Banking Financial Companies (NBFCs) are exempted from XBRL filing till further orders.

Due Date of Filing within 30 days from the date of their Annual General Meeting (AGM), every Year.