XBRL (eXtensible Business Reporting Language)

XBRL stands for eXtensible Business Reporting Language. It is a digital language for the electronic communication of business and financial data which is revolutionizing financial reporting across the world. XBRL helps in the preparation, analysis, and sharing of accurate business information. It leads to improved efficiency, cost savings, and higher data reliability for businesses and regulatory bodies.

XBRL Applicability

The following class of companies shall file their financial statements and other documents under section 137 of the Companies Act with the Registrar in e-form AOC-4 XBRL as per Annexure-I:

  1. i. Companies listed with stock exchanges in India and their Indian subsidiaries;
  2. ii. Companies having paid up capital of five crore rupees or above;
  3. iii. Companies having turnover of one hundred crore rupees or above;
  4. iv. All companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015.