In relation to filing of financial statements of a company in XBRL mode and by using the XBRL taxonomy, decide whether the following companies are required to file the financial statements in the said mode : (i) Grand Lt

The Ministry of Corporate Affairs has mandated the following select class of companies mentioned below to file financial statements in XBRL (Extensible Business Reporting Language) mode and by using the XBRL taxonomy: All companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or All companies having paid-up share capital of ₹5 crore and above; or All companies having turnover of ₹100 crore and above; or All companies who were required to file their financial statements for financial year 2010-11, using XBRL mode. However, banking companies, insurance companies, power companies and Non-Banking Financial Companies are exempted from XBRL filing till further orders. (i) Grand Limited is the subsidiary company of Tiny Limited which is listed at Kolkata Stock Exchange. Ans: Yes, company is required to file financial statements through XBRL mode. (ii) Prime Limited is the company which has paid-up share capital of ₹100 crore. Ans: Yes. Company is required to file financial statements through XBRL mode. (iii) Crafty Limited is the company which has a turnover of ₹400 crore. Ans: Since in this case the turnover is more than ₹100 crore, the company is required to file the financial statements through XBRL mode. (iv) Comfort Limited is a Non-Banking Financial Company. Ans: This company is exempted from filing the financial statements through XBRL mode.