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XBRL Financial Statements Filing

Required Documents

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Soft copy of signed Audited and Adopted Financial Statements of the Company along with the relevant attachments adopted in the AGM

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Soft copy & signed Notice of AGM and Board of Directors Report along with the relevant attachments adopted in the AGM

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DSC of the Authorized director

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Secretarial Audit Report, if applicable

What we will deliver

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Submitted e-forms AOC-4 (XBRL)

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ROC challans

Required Documents

Soft copy of signed Audited and Adopted Financial Statements of the Company along with the relevant attachments adopted in the AGM

Soft copy & signed Notice of AGM and Board of Directors Report along with the relevant attachments adopted in the AGM

DSC of the Authorized director

Secretarial Audit Report, if applicable

Step by Step Procedure of XBRL Financial Statements Filing

Providing Documents

• Provide the documents required to our team and other information as sought

Checking & Scrutinizing

• Documents checking and scrutinizing before processing by our executives

Validation

• Reviewing and validating with the help of XBRL tools before filing

Filing e-forms

• Preparation and filing of E-forms with ROC

completion

• Sharing the e-forms with challans to client

What we will deliver

Submitted e-forms AOC-4 (XBRL)

ROC challans

Benefits of XBRL Financial Statements Filing

  • Usability

    Increased usability of financial statement information

  • Reporting

    Improved manner of reporting

  • Regulatory Requirements

    Meets requirements of regulators, lenders, and other users of financial information who are demanding reporting in XBRL formats.

  • Data Collection

    Automated data collection

  • Accuracy

    Reliable and Accurate

  • Decision making

    Better for analytical process and thus better decision making

Frequently Asked Question

What are the Government Fees for Filing of E-form AOC-4 or AOC-4 (XBRL)?

The fees for filing e-form AOC-4/ AOC-4 (XBRL) are based on the quantum of the share capital of the company:

Nominal Share Capital

Applicable Fees

Less than Rs. 1,00,000

Rs. 200 per document

1,00,000 to 4,99,999

Rs. 300 per document

5,00,000 to 24,99,999

Rs. 400 per document

25,00,000 to 99,99,999

Rs. 500 per document

1 crore or more

Rs. 600 per document

 

Note: For the companies not having share capital, fees will be Rs. 200 per document.

What are the additional fees for delayed filing of financial statements?

Additional fees of Rs. 100 per day is applicable if the company files the financial statements beyond the period of 30 days from the date of AGM.

What are the penal implications for non-filing of AOC-4 (XBRL)?

Nature of defaulter

Penalty Applicable

Company

Rs. 1000 per day of default subject to maximum of Rs. 10 Lakhs

  • Managing Director/ CFO
  • In case of the absence of MD/CFO, any other director who is assigned responsibility by the Board
  • In case of the absence of any of such director, then all directors of the company

Rs. 1,00,000 plus Rs. 100 per day of default subject to maximum of Rs. 5 Lakhs

Whether XBRL filing compulsory for all companies?

No, it is not compulsory for all the companies. The XBRL filing has been made mandatory for the specified companies as below:

  • Listed companies with stock exchanges in India and their Indian subsidiaries
  • Companies having paid up capital of Rs. 5 crores or more
  • Companies having turnover of Rs. 100 crores or more
  • All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015

Which companies are exempted from XBRL filings?

  • Non-Banking Finance Companies
  • Housing Finance Companies
  • Companies engaged in the business of banking and insurance sector

Does XBRL filing leads to any change in Accounting Standards reporting?

No, XBRL is merely a e-communication language for financial and business data for business reporting.