Applicability of XBRL
What is applicability of XBRL filings as per MCA in India? XBRL in India – Applicability. XBRL Filing in India | Applicability of XBRL. Applicability of Filing Financial Statements in XBRL mode.
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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