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The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016

MCA vide Notification  No. G.S.R. ___ (E) on Monday, the 4th April, 2016 has came out with, The Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2016.

in rule 3, of the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules,2015 –

3. Filing of financial statement with Registrar:-

The following class of companies shall file their financial statement and other documents under section 137 of the Act, with the Registrar in e-form AOC-4 XBRL given in Annexure-l for the financial years commencing on or after 1st April, 2014 using the XBRL taxonomy given in Annexure II, namely:-

(i) all companies listed with any Stock Exchange(s) in India and their lndian subsidiaries; or
(ii) all companies having paid up capital of Rs. 5 Crore or above;
(iii) all companies having turnover of Rs. 100 crore or above; or
(iv) all companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011:

Provided that the companies in Banking, Insurance,Power Sector and Non- Banking Financial companies are exempted from XBRL filing.

 the following proviso shall be substituted, namely:-

“Provided that the companies in banking, insurance, power sector, non-banking financial companies and housing finance companies need not file financial statements under this rule.”.

The said notification can be accessed at the following link: MCA Notification No. dated 06.04.16_Companies XBRL Rule 2016

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