Success! This alert box could indicate a successful or positive action.
Info! This alert box could indicate a neutral informative change or action.
Warning! This alert box could indicate a warning that might need attention.
Required! This alert box could indicate a dangerous or potentially negative action.

We have you covered

  • Guaranteed Filing with MCA   
  • Guaranteed Best Price   
  • One-stop for XBRL conversion and AOC-4 filing   
  • ISO Certified for Information Security   
  • PCI-DSS Compliant for Secure Payments   

Request a call back.

Have any queries? Submit this form and we will respond within 60 minutes.

Thanks for showing interest with our service. Our team will arrange a call-back for you.
Error occurred while sending email. Please try again later.


  • 95000 98431


The information is provided as a guide only and is not professional advice including legal advice. Although we try our best to ensure the accuracy of the information on this website, you rely on it at your own risk. You should obtain specific professional advice before taking action.

Who should submit financial statements in XBRL format with MCA?

Criteria for companies required to file financial statements in XBRL and exemptions

Statutory Requirement

MCA vide notification dated 9th September 2015 has issued the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. The key highlights of the rules is outlined below:

The following class of companies shall file their financial statements and other documents with the Registrar in e-form AOC-4 XBRL for financial year commencing on or after 1st April, 2014:

  • all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or
  • all companies having paid up capital of Rupees five crore and above; or,
  • all companies having turnover of Rupees one hundred crore and above; or,
  • all companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011.

Who are exempted from filing in XBRL format?

Companies like Banking, Insurance, Power Sector and Non-Banking Financial Companies are exempted from XBRL filing

All Banking companies (that are regulated by RBI) and all Insurance companies (that are regulated by IRDA) have been exempted from XBRL filing of their Financial Statements till further order.

All NBFCs that are registered with RBI or exempt from registration with RBI but registered with other regulators like SEBI, IRDA, National Housing Bank, etc. are exempted from XBRL filings.

Companies that are engaged in generation or transmission or distribution of electric power as per their object clause are classified as power companies for XBRL filings. Such companies are exempted from XBRL filings of their Financial Statement for FY 2014-15 onwards irrespective of whether they prepare their accounts as per Schedule III of the Companies Act, 2013 or not. Companies producing electric power for their captive consumption are not exempted from XBRL filings.

Cost Audit Reports in XBRL

A company required to furnish cost audit report and other documents to the Central Government under sub-section (6) of section 148 of the Act and rules made thereunder, shall file such report and other documents using the XBRL taxonomy given in Annexure-III for the financial years commencing on or after 1st April, 2014 in e-Form CRA-4 specified under the Companies (Cost Records and Audit) Rules, 2014.

Read Next :

AOC-4 XBRL filing with MCA - What should you include in XBRL format?