XBRL stands for eXtensible Business Reporting Language.

The Companies Act, 2013 has made it compulsory for certain companies to file their financials and documents in XBRL format with the Registrar of Companies (ROC). These companies are required to file their financial statements in e- form AOC – 4 (XBRL) with the ROC.

As per the Companies Act, 2013, following companies are required to file their financials and other documents in XBRL:

  1. All public limited companies listed on a stock exchange in India and their subsidiaries.
  2. All companies with a turnover of Rs. 100 Crore or more.
  3. All companies with a paid-up share capital of Rs. 5 Crore or more.
  4. All companies which were hitherto covered under the companies (Filing of Documents & Forms in Extensible Business Reporting Language) Rules, 2011.

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