Leading bourse NSE has sought comments from listed entities on the proposal to migrate from PDF to XBRL format to submit board meeting outcomes to help the exchange in analysing the data.
The feedback has been sought till October 15, the National Stock Exchange (NSE) said in a circular.
XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data used for business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information.
Under the rules, listed entities are required to submit periodical compliance filings to stock exchanges within prescribed timelines and accordingly were mandated to report XBRL-based filings for financials from the year 2015 onwards.
Over the period, stock exchanges in a phased manner have been aiming to convert filings made under the Securities and Exchange Board of India (Sebi) rules from PDF to XBRL format.
With an objective to ..
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