XBRL Filing in India

XBRL Filing in India

What is XBRL Filing?

XBRL stands for Extensible Business Reporting Language. XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis, and communication of business information. 
XBRL was introduced by MCA to provide ease in normal annual filing for companies through Form AOC-4 XBRL

Applicability of XBRL Filing in India

Section 137 of the Companies Act, 2013 states that every company needs to file a copy of the financial statement, including consolidated financial statement, along with all the documents which are required to be or attached with financial statements, shall be filed with the Registrar within 30 days of the date of annual general meeting(AGM). In case the company revises the financial statement then revised financial statements are required to be filed.

The following 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:-

  • Companies listed with stock exchanges in India and their Indian subsidiaries;

  • Companies having paid up capital of five crore rupees or above;

  • Companies having a turnover of one hundred crore rupees or above;

  • All companies are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015:

Provided further that 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.”

Who can benefit from using XBRL?

All types of organizations can use XBRL to save costs and improve efficiency in handling business and financial information. Because XBRL is extensible and flexible, it can be adapted to a wide variety of different requirements. All participants in the financial information supply chain can benefit, whether they are preparers, transmitters, or users of business data. 

XBRL enables producers and consumers of financial data to switch resources away from costly manual processes, typically involving time-consuming comparison, assembly, and re-entry of data. However, once, filed in XBRL format, they would be required to file subsequent financial statements only in XBRL format.

Documents required for XBRL Filing in India

The following documents are required to attach with AOC-4 XBRL – 

  • XBRL financial statements duly authenticated as per section 134 of Companies Act,2013 including the Board’s report, auditors’ report, and other documents

  • XBRL document in respect of Consolidated financial statement.

  • Statement of subsidiaries as per section 129-Form AOC-1 (Note-To be attached in respect of foreign subsidiaries). 

  • Statement of the fact and reasons for not adopting balance sheet in the annual general meeting (AGM) (Note- This attachment is mandatory if the nature of financial statements was selected as 'Provisional Un-adopted financial statements')

  • Statement of the fact and reasons for not holding the AGM. (Note- This attachment is mandatory if AGM was not held)

  • Approval letter of extension of the financial year or AGM (Note- This attachment is mandatory if an extension was granted for AGM or financial year)

  • Supplementary or test audit report under section 143 (Note- This attachment is mandatory if CAG of India had conducted a supplementary or test audit under section 143)

  • Details of comments of CAG of India (Note-This attachment is mandatory if CAG of India had conducted supplementary or test audit under section 143)

  • Optional attachments (s)- if any

Process for XBRL Filing in India

  • Form XBRL can be filed by downloading from www.mca.gov.in 

  • Form AOC-4 XBRL is mandatory to file within 30 days of AGM, if a financial statement is not adopted in AGM, then an unadopted financial statement shall file or if the financial statement is adopted in AGM, then the adopted financial statement shall be filed. If the AGM does not hold then Form XBRL shall file within 30 days of the due date of the AGM. 

  • An E-form for AOC-4 XBRL is auto-approved. By filing CIN and clicking on Pre-fill can auto input the name and registered address in the E-form. After filling in the required details and attaching all required documents the form shall be uploaded within the prescribed time by login into the MCA portal. 


Earlier Company has to file its annual financial statement in different forms physically to the ROC which was costly and time-consuming. But through the XBRL E-form compliance with rules is made easier. XBRL is not mandatory but the company can voluntarily file and if files once in XBRL format then must follow XBRL format subsequently. 

We at eStartIndia provide meticulous assistance to the clients in correctly filing the XBRL Filing as per the rules.


Navita Rohilla
Pursuing L.L.B from M.E.R.I Law College

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