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BSE launches updated XBRL solutions

Feb 22nd, 2016 7:27 am | By | Category: LATEST NEWS

BSE INDIA

BSE launches updated XBRL solutions for format changes in certain compliances under Listing Regulations.

With a view to making reporting more accurate and more efficient, BSE had introduced the XBRL based reporting for Shareholding Pattern w.e.f. 11th June, 2015 and Financial Results w.e.f. 15 October 2015. BSE thus became the first stock exchange in India to introduce and implement XBRL based reporting in association with its partner in this endeavor, Microvista Technologies.

BSE has a state-of-the-art compliance portal called “Listing Center” which enables all listed companies to file their disclosures. Filings, documents etc electronically and has also enabled filing of digitally signed documents.

Pursuant to the SEBI Listing Regulations 2015, coming into force from December 1, 2015, extensive amendments were made in the formats for reporting Shareholding Patterns and Financial Results. BSE has implemented these changes in the XBRL format for enabling companies to easily submit their filings in an accurate and timely fashion.

In order to provide assistance to these companies, BSE also offers online real time assistance in the form of a Helpdesk for troubleshooting problems and assisting users.

Over 1700 companies have already u

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