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Listed Companies are required to submit periodical compliance filings to Stock Exchanges within the prescribed timelines as laid down in SEBI Listing Regulations. Effectively, listed companies are obligated to file the compliance information in each stock exchange separately in the format and structure unique to it. Additionally, Listed Companies also make compliance filings with MCA separately in XBRL format. This has resulted in duplication of efforts for the listed companies. By and large this issue can be addressed if Stock Exchanges follow an identical and standardized structures for compliance filings and adopt filing structures of MCA wherever specified. For the benefit of listed companies, NSE & BSE introduced XBRL based compliance filing mechanism featuring identical and homogenous compliance data structures between Stock Exchanges / MCA. XBRL (eXtensible Business Reporting Language) is a standardized and structured way of communicating business and financial data in an electronic form. XBRL mode of filing increases efficiency and accuracy and enhances reliability to all those involved in providing business and financial data or using the data. XBRL increases the usability of financial statement information as the need to re-key the financial data for analytical and other purposes can be eliminated. By presenting its statements in XBRL, a company can benefit investors and other stakeholders. You can connect me on: Telegram: https://t.me/TheLawTalks Facebook Page: The Law Talks LinkedIn: / csbhuwantaragi Do write for any Queries/suggestions mail me at bhuwantaragi@gmail.com You can watch these Company law topics as well: • जाने किसे Director appoint होने से पहले N... • Conversion of Private Company into Public ... • Difference between LLP & partnership firm • Key Managerial Personnel as per Companies ... • How to upload CS training completion certi... • Report on AGM (Form MGT 15 ) • Form MGT-14 required to be filed as per Se... • Easy Understanding to provision of "Regist... How to apply for COP? • How to apply for Certificate of Practice (... How to apply for CS membership? • How to apply for CS Membership? #thelawtalks #csbhuwantaragi #csbhuwan #lawlove #listedcompany #bse #nse #xbrl #castudents #companysecretary #thelawtalk #filingsstatus #lodr