XBRL in India

The XBRL Indian Jurisdiction:

At present the status of the XBRL India Jurisdiction is provisional. It has already applied for an established jurisdiction on December 15, 2010. The established status would enable India to have a seat on the International Steering Committee of XII.

The main objectives of the XBRL India jurisdiction are:

• Promote and encourage the adoption of XBRL as the standard for electronic business reporting in India.
• Facilitate education and marketing of XBRL.
• Develop, manage and maintain XBRL taxonomies.
• Represent Indian interests within XBRL International.
• Contribute to the international development of XBRL.

A separate website dedicated to the XBRL India Jurisdiction to keep members and other users aware about the Indian XBRL Jurisdiction has also been set up by the ICAI with its URL as www.xbrl.org/in.