XBRL filing is mandatory for certain types of companies in India, primarily those listed on stock exchanges, those with a paid-up capital of Rs 5 crore or more, and those with a turnover of Rs 100 crore or more including companies required to follow Indian Accounting Standards (Ind AS) must also file their financial statements in XBRL format.

What does XBRL do? XBRL Compliance standardizes how companies report their financials, enabling efficient data consumption by the Ministry of Corporate Affairs (MCA). If you are looking for XBRL Service Provider, we offer professional XBRL filing services tailored to your company's unique structure and reporting needs. Whether you are a listed company, a large unlisted entity, or covered under cost audit rules, we ensure your financials are correctly tagged, validated, and submitted using MCA-compliant tools. Our team of Company Secretaries help reduce the risk of penalties while ensuring 100% accuracy and compliance with the latest taxonomy and MCA circulars.

AOC-4 XBRL AOC-4 XBRL is the electronic form required to be filed by companies for submitting their financial statements in XBRL format to the Ministry of Corporate Affairs. The form is governed under Section 137 of the Companies Act, 2013, and is applicable to all companies mandated to comply with XBRL norms. APPLICABILITY The AOC-4 XBRL form captures critical financial information including the Balance Sheet, Profit and Loss Account, Notes to Accounts, Cash Flow Statement (if applicable), and Statement of Change in Equity. This information must be tagged as per the MCA Taxonomy using XBRL software before being filed.

Key Documents Required for XBRL Filing To ensure a seamless XBRL filing process, the following documents are typically required:

1. Audited Balance Sheet
2. Profit and Loss Account
3. Cash Flow Statement (if applicable)
4. Notes to Accounts
5. Board Report
6. Auditor's Report
7. Shareholding Details. These documents must be prepared and finalized before the XBRL tagging process begins.

Penalties for Non-Compliance with XBRL Filing Failure to comply with XBRL filing requirements can lead to significant consequences under the Companies Act, 2013. As per Section 137 of the Act, companies that fail to file AOC-4 XBRL within the prescribed time frame are liable to pay a penalty of Rs. 100 per day of default. This late fee applies until the date the default is rectified, with no upper cap, leading to a potentially large financial burden for delays extending over weeks or months. In addition to financial penalties, both the company and its officers (including directors and key managerial personnel) can be held liable. They may face notices or even disqualification proceedings for persistent non-compliance. In extreme cases, the Registrar of Companies (ROC) can initiate prosecution for willful default.

Due Date for XBRL Filing with MCA The due date for XBRL filing through Form AOC-4 XBRL is within 30 days from the date of the Annual General Meeting (AGM). For example, if your AGM was held on 30th September, your filing must be completed by 29th October of the same year. Late filings attract a penalty of Rs. 100 per day, which can quickly accumulate into a significant amount. In case of delay, the company and its officers are held liable under Section 137 of the Companies Act, 2013. It is essential to finalize accounts, conduct the AGM on time, and submit financial statements before the due date. Our team keeps track of your compliance calendar and proactively reminds you of upcoming due dates. Early coordination with auditors and stakeholders ensures a smooth filing process.