xbrl full form

About XBRL (eXtensible Business Reporting Language)

XBRL is an open international digital standard language for business reporting, managed by International, a global non-profit consortium. It stands for eXtensible Business Reporting Language. This one is a worldwide language that is used in more than 50 countries. Millions of these documents are generated every year. In essence, It provides a language in which reporting terms can be formally defined. Those terms can then be used to uniquely represent the content of financial statements or other types of compliance, performance, and business reports.

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 Net worth Certificate Format

Networth Certificate: Purpose, Format & Documents

A networth certificate is a document that provides a summary of an individual's or a company's financial position by detailing their total assets, liabilities, and networth. Net worth is calculated by subtracting the total liabilities from the total assets. It is typically required by financial institutions, government agencies, and other entities to verify a person's or a company's financial status.

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Registration of Company in Delhi: Types and Process

Delhi has become the startup capital of India. According to the Economic Survey 2021-22, more than 5,000 recognized startups were added in Delhi between April 2019 and December 2021. If you are planning to start a new business in Delhi NCR state then it is time to get your registration of company in Delhi. It is one of the major business hubs of North India due to the existence of many industries like information technology, telecommunications, banking media, tourism, etc.

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Procedure for Resignation of Director in Private Limited Company

Resignation of Director is governed by Section 168 of the Companies Act, 2013 and Companies (Appointment and Qualification of directors) Rules, 2014. A director can resign from the office of the director by giving notice in writing to the board of directors of the company. The intimation is made to the Ministry of corporate affairs by filling the return of resignation form with prescribed fees.

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Trademark Infringement: Legal Remedy, Landmark Cases & More

In today world, protection of intellectual property has become consequential. Intellectual property protection encourages individuals and companies to invest their time and resources in creating new ideas and products, knowing that they can reap the benefits of their efforts through legal protection. Intellectual property protection can ensure that consumers are not misled or deceived by imitations or counterfeits of products, which may be of lower quality or even dangerous. Further, it helps t

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Process of TDS Registration

TDS Registration is performed on the TRACES portal stands for Tax Deducted at Source Reconciliation Analysis and Correction Enabling System. It is an official portal of the Income tax department that enables the connection of stakeholders in the administration and implementation of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). The person deducting the tax is compulsorily required to take registration under the CGST or SGST Act, 2017.

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Is It Good To Start One Person Company In India?

One Person Company in India is a new concept introduced in the Companies Act 2013. Before the Companies Act 2013 came into force an individual could not form a company. An OPC has the characteristics of a company and the advantages of a sole proprietorship. Earlier if a person wanted to set up a business, he or she should only opt for a sole proprietorship. Under Section 2 (62) of the Companies Act 2013, a company can have only 1 director and 1 member.

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How to Check Company Status in India?

The government portal facilitates the search of How to check company status for corporate bodies registered under the Ministry of corporate affairs MCA. Anyone can check the information submitted by public and private companies, One person companies, Limited liability partnerships (LLP) and many more. The registration is regulated by the MCA website. The Ministry of corporate affairs mainly deals with the Companies Act, 2013, Limited Liability Partnership Act, 2008.

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Procedure for Change Company Name in India

The name of the company can be changed for various reasons with the consent of all the members. The reason can be the change in the object of the company, management changes, conversion from public limited to private limited, etc. There is an amendment for the company name which states that if a company fails to change its name as per the direction issued within three months from the date of issue of direction.

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