XBRL Filing

(Starts from 6500/-*)

XBRL is a language for e-communication of financial and business data for business reporting. It is a standardized communication language in electronic form to express, report or file a financial statement by a Companies. However, XBRL is only a method of presentation or reporting. It does not attempt to make any changes in the content to be reported.
Below mentioned class of companies shall file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-form AOC-4 XBRL:

  • All public companies listed in the stock exchange in India and their Indian subsidiaries.
  • All companies with a turnover of Rs 100 crores or more
  • All companies with a paid-up capital of Rs 5 crores or more
  • All the companies which are required to prepare their financial statements in accordance with the Companies (Indian Accounting standards) rules, 2015.

However, Non-banking financial companies, Housing finance companies and Companies engaged in the business of Banking and Insurance sector are exempted from filing of financial statements under these rules.
Moreover, the companies which have filed their financial statements in XBRL under section 137 shall continue to file their financial statements and other documents in XBRL only, though they may cease to fall under the class of companies specified above.
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Documents required for XBRL filing

  1. Balance Sheet
  2. Profit and Loss Statement
  3. Cash Flow Statement
  4. Schedules related to Balance Sheet and Profit and Loss Statement
  5. Notes to Accounts
  6. Statement pursuant to Section 212 of the Companies Act, 1956 relating to subsidiaries
  7. Audit and Annual Report

Late fees on form AOC 4
In case of delay in filing the annual returns/balance sheet/financial statement the following fees is applicable:

Period of Delay Additional fee payable
Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC 4 XBRL (within thirty days of the date of annual general meeting) and Mgt-7 (within sixty days of the date of annual general meeting) Rupees 100 per day

In case of other forms:

Period of Delay Additional fee payable
Up to 30 days 2 times of normal filing fees
More than 30 days and up to 60 days 4 times of normal filing fees
More than 60 days and up to 90 days 6 times of normal filing fees
More than 90 days and up to 180 days 10 times of normal filing fees
Beyond 180 days 12 times of normal filing fees

Penalty for non-filing AOC 4

Defaulting Party Penalty Imposed
Company INR 1000 for every day of default subject to
Max of INR 10 Lakhs
1. Managing Director/Chief Financial Officer
2. In case of the absence of the Managing Director/Chief Financial Officer-Any other Director who the Board assigns the responsibility.
3. In case of the absence of any such Director-All directors of the company
INR 1 Lakh
+
INR 100 for each day of default subject to Max of INR 5 Lakhs

*Charges may vary from case to case. Challan charges are excluded.

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