DCS/COMP/04/2015-16 June 11, 2015
BSE launches XBRL solution for online filing of Shareholding pattern
Clause 35 of the Equity Listing Agreement (Clause 37 of the SME Listing Agreement) requires listed companies to file their Shareholding Pattern (SHP) on a quarterly basis with the Stock Exchange, as per the format prescribed by SEBI. With a view to making this disclosure more accurate and efficient, BSE Ltd has launched a facility of XBRL based reporting for Shareholding Pattern w.e.f June 12, 2015.
XBRL or eXtensible Business Reporting Language is an electronic format for communication of business and financial data which is revolutionizing business reporting around the world. The standardization in-built in the XBRL documents provides significant benefits in the preparation, analysis and communication of business information. XBRL provides a language in which reporting terms can be authoritatively defined.
To facilitate the reporting of shareholding pattern in XBRL format, BSE’s XBRL utility allows companies to file their SHP either in XBRL format (taxonomy made available free) or generate an XML file (using the free Excel Utility provided) and upload the XML file so generated on the BSE Listing Center portal. For this purpose, an additional option ‘XBRL’ has been made available in the ‘Listing Center’ portal to facilitate this reporting.
The XBRL utility being provided by BSE includes validations to improve the accuracy of filings by the company and ensure that only the correct information is submitted to the Exchange. BSE is also providing online real time assistance in the form of a Helpdesk that would troubleshoot problems and assist users in filing the XBRL documents.
BSE would be introducing XBRL filing facility for submissions under other Clauses of the Listing Agreement, shortly.
For further information or assistance in this matter, please contact
bse.xbrl@bseindia.com or call on 1800-233-0445.
We are sure that all our listed companies would support this step by BSE to bring reporting standards in the Indian Capital Market to International standards.
Khushro Bulsara Netra Sahani
General Manager - Listing Compliance DGM – Listing Compliance