It is a very good move by SEBI to have XBRL Reporting (extensible business reporting language system). Basicly it is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such information. XBRL provides standardized business reporting tool which enables easy scrutiny of bulk documents without delay, This reporting system have number of advantages not only for SEBI and other regulatory , investigating bodies to monitor any alleged irregularities if any in affairs of companies and market intermediaries also for general investor to have real time basis information.
Currently SEBI prososed XBRL reporting for mutual funds, it should be expanded for other segements also on phase wise basis.
Currently SEBI prososed XBRL reporting for mutual funds, it should be expanded for other segements also on phase wise basis.
