Filing of Annual audited financials in XBRL form

Extensible Business Reporting Language (XBRL) is a standardized format for reporting financial data electronically.   

Who Needs to File XBRL Reports?

As per MCA guidelines, the following companies must file their financial statements in XBRL format using Form AOC-4 (XBRL):

  • Listed Companies - All companies listed on stock exchanges in India.
  • Companies with Paid-up Capital of Rs5 Crore or More - Even if not listed.
  • Companies with Turnover of Rs100 Crore or More - Large unlisted companies must comply.
  • Companies Required to Follow Indian Accounting Standards (Ind AS) - Companies that need Ind AS reporting must file in XBRL format.
  • Subsidiaries of Listed Companies - Even if a subsidiary is unlisted, it must file in XBRL if its parent company is listed.

EXEMPTIONS:

Following companies are exempted from XBRL Filings-
  • Non-Banking Financial Companies (NBFC)
  • Insurance Company
  • Banking Companies
  • Housing Finance Companies

Note: Small companies, OPCs (One Person Companies), and certain private limited companies may be exempt from XBRL filing unless specified.

 
     
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