XBRL Applicability

In India, the Ministry of Corporate Affairs (MCA) mandates AOC-4 XBRL (eXtensible Business Reporting Language) filing for certain classes of companies to enhance transparency, accuracy, and standardization in financial reporting as per Companies Act, 2013.

Key Applicability Criteria:

1. Listed Companies and Their Subsidiaries: All listed companies and their Indian subsidiaries are required to file their financial statements in XBRL format i.e. AOC-4 XBRL Filing.

2. Unlisted Companies Above Specified Thresholds: Unlisted companies with a paid-up capital of ₹5 crore or more, or an annual turnover of ₹100 crore or more, are mandated to file in AOC- XBRL.

3. Companies in Certain Sectors: Companies that operate in the insurance, banking, power, and non-banking financial sectors may have specific XBRL filing requirements as directed by regulatory bodies like RBI, SEBI, and IRDAI.

4. Exemptions: Companies such as those under charitable licenses or those categorized as small companies may be exempted from mandatory XBRL filing.

IndiaXBRL is AOC-4 XBRL Consultant offers expertise in AOC-4 XBRL filing in India, helping companies ensure compliance with MCA’s AOC-4 XBRL mandates, making reporting more accessible and manageable for regulators, investors, and stakeholders.