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:
In case of other forms:
Penalty for non-filing AOC 4
*Charges may vary from case to case. Challan charges are excluded.
- 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.
Documents required for XBRL filing
- Balance Sheet
- Profit and Loss Statement
- Cash Flow Statement
- Schedules related to Balance Sheet and Profit and Loss Statement
- Notes to Accounts
- Statement pursuant to Section 212 of the Companies Act, 1956 relating to subsidiaries
- Audit and Annual Report
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 |
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 |
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 |