Advertisement

HindustanTimes Tue,23 Dec 2014

Many holes in company disclosures

PTI  New Delhi, October 18, 2012
First Published: 21:43 IST(18/10/2012) | Last Updated: 21:44 IST(18/10/2012)

The Ministry of Corporate Affairs (MCA) has raised concerns about "misleading" inaccuracies in financial disclosures by some companies in filings made through the new reporting format. The MCA has flagged off the issue with representative bodies of chartered accountants, cost accountants and company secretaries.

Advertisement
Companies are now required to furnish financial statements in the extensible business reporting language (XBRL) format, replacing the PDF format.


Advertisement
more from Business

An airline is born: Can Vistara soar while others bleed?

India's newest airline announced Monday it would start flying next month and was 'enthusiastic' about the future, even as rival carriers bleed red ink. The new airline, called Vistara will make its first flight on January 9. 

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved