ANNUAL FILING THROUGH EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL)

Relevant Provisions: 

Section 92, 134 and 137 of the Companies Act, 2013.

The Companies (Filing of Documents and Forms in XBRL) Rules, 2015

Compliances: 

A copy of the financial statements, including consolidated financial statement, if any, along with all the documents which are required to be or attached to such financial statements, duly adopted at the annual general meeting of the company, shall be filed with the Registrar within thirty days of the date of annual general meeting.

The below mentioned class of companies shall file their financial statements and other documents under section 137 of the Act with the Registrar in e-form AOC-4 XBRL.

Applicability of XBRL:

1. All listed Companies and their Indian subsidiaries

2. All Companies having paid up capital of rupees 5 crore or above

3. All Companies having a turnover of rupees 100 crore or above

4. All Companies which are required to prepare their financial statements in accordance with the Companies (Indian Accounting Standard) Rules, 2015.

The companies which have filed their financial statements in XBRL form, shall continue to file their financial statements and other documents in XBRL form only, though they may not fall under the class of companies specified therein in succeeding years.

Exemption from XBRL filing:

1.     Non-banking financial companies,

2.     Housing finance companies and

3.     Companies engaged in the business of banking and insurance sector are exempted from filing of financial statements in XBRL format.