Mumbai, February 11, 2019: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds have launched the XBRL taxonomy for enabling listed insurance companies to file their financial results with the exchange. It will now be mandatory for all listed insurance companies to file their financial results in XBRL format for the period ending March 31, 2019, onwards.
The filing of results in XBRL was already mandatory for all other types of listed entities, which has now been extended to listed insurance companies too.
BSE has also made available the simple Excel Utility with built-in validations to assist companies to simply fill in the details and prepare the XBRL file for uploading into BSE’s Listing Portal. The exchange has also made the XBRL taxonomy available to all listed companies free of cost, on its website for enabling companies to directly generate XBRL files.
All companies would be required to file the financial results in PDF format along with the LRR/Auditors Report, through CAFS system within 30 minutes of the conclusion of Board Meeting and follow this up with the XBRL filing within 24 hours. Announcements through BSE’s CAFS system will reflect seamlessly and almost instantaneously on the exchange’s website for public dissemination.
BSE is well known for adopting state-of-the-art technologies and using them to provide its users and customers with a more enriching and satisfying experience. This investor-friendly move is expected to enable faster and better decision making by investors and the public at large.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
MARRIOTT INTERNATIONAL NAMED AS A KINCENTRIC BEST EMPLOYER IN ASIA PACIFIC FOR SIXTH CONSECUTIVE YEAR
Celebrate this Sunday with a family brunch at 3 Spices, DoubleTree by Hilton Pune-Chinchwad.
Atlas Copco unveils next generation portable air compressors at Excon 2019 in Bengaluru
Indian Railways to invest over ₹ 10 lakh crore on various projects in the next 5 years
Emission-free, efficient and safe: The future urban construction site
2014 The Global Indian New Network (TGINN)