XBRL Filing Services in Bangalore- Karnataka

XBRL Filing Services in Bangalore- Karnataka

ROC Annual Filing Services in Bengaluru, Karnataka

Form AOC4-XBRL: For filing XBRL document in respect of financial statement and other documents
XBRL full form is Extensible Business Reporting Language. XBRL assists in giving reliable and accurate data regarding financial and business data that are requisite by various government and other regulatory bodies. 
For filing 23AC/ACA XBRL stakeholders are required to use taxonomy based upon new Schedule VI of the Companies Act, 1956.
For filing AOC-4 XBRL stakeholders are required to use taxonomy based upon Schedule III of the Companies Act, 2013 

The Class of Companies that are required to File (Company Annual Filing) Financial Statements in XBRL FILING Mode:  

  • All corporations listed with Stock Exchanges in India and their Indian Subsidiaries regardless of their capital or turnover.
  • All corporations having paid-up share capital of Rs. 5cr and above.
  • All corporations having a turnover of Rs. 100cr and above.
  • All companies need to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015.

Due date for XBRL filing:

Form AOC 4 (XBRL Filing) shall be filed within the 30 days of the AGM. Also Form AOC 4 (XBRL Filing) for Annual accounts based on Indian Accounting Standard in XBRL mode needs to be filed within 30 days from the AGM.


Which Companies need to file AOC 4 XBRL?

MCA Mandate Filing of Annual Return in the form of XBRL (extensible business reporting language) on or before due date. Following Companies are required to comply -  

  • Companies listed with any stock exchange in India and their Indian Subsidiaries regardless of their capital or turnover.
  • Companies having a capital of 5 crores or above.
  • Companies Whose turnover of 100 crores or more.
  • All companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011

Which companies are exempted from filing AOC-4 in XBRL?

  • Non-Banking Financial Companies and companies engaged in Power Sector, Banking, Insurance are exempt from filing financial statements with Form AOC in XBRL.
  • Companies which falls under XBRL Amendment Rules, 2017 need to file financial statements into XBRL.

Company Secretary office in Bengaluru, Karnataka

Document Required for Registration of XBRL FILING

  • Balance Sheet with its Notes
  • Profit and Loss Statement with its Notes
  • Cash Flow Statement.
  • Statement of Change in Equity.
  • Reports from the Auditor
  • Reports from the Board
  • Corporate Social Responsibility Report, if Any
  • Statement of Subsidiaries in Form AOC-1, if Any
  • Other Relevant Documents, if Any Required

MCA Compliance Consultants in Bengaluru, Karnataka

ROC Filing Fees for AOC 4 XBRL Form

ROC Fee is based on the authorized capital of the company:-

  • Capital Less than 1,00,000- Rs 200 per document
  • 1,00,000 to 4,99,999-Rs 300 per document
  • 5,00,000 to 24,99,999- Rs 400 per document
  • 25,00,000 to 99,99,999-Rs 500 per document
  • 1,00,00,000 or more -Rs 600 per document

Penalty and Late filing fees for XBRL Filing:


Additional fees for late filing of AOC 4 in XBRL

Period of Delay

Additional fee payable

Delay beyond the period provided under Section 137(1) of the Act – Due dates to file AOC-4 (within thirty days of the date of annual general meeting)

Rs. 100 per day

Penalty for non-filing of Form AOC-4 in XBRL

Defaulting Party

Penalty Imposed

Company

Rs. 1000 for every day of default subject to maximum of Rs. 10 lakhs

Managing Director/ Chief Financial Officer
or
In case of the absence of the Managing Director/ Chief Financial Officer – Any other Director who the Board assigns the responsibility
or
In case of the absence of any such Director – All directors of the company

Rs. 1 lakh + Rs. 100 per day for continuing default subject to maximum of Rs. 5 lakhs


Form AOC 4 needs to be certified. It should be certified by a full time practicing Chartered Accountant/Cost Accountant/ Company Secretary.

Created & Posted by (Ravi)
CA Article at TAXAJ

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