MCA Notifies Companies (Filing of Documents/ Forms in XBRL) Amendment Rules 2017

MCA Notifies the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) (XBRL) Amendment Rules 2017

MCA has notified the Companies (Filing of Documents/ Forms in XBRL) Amendment Rules 2017, applicable w.e.f. 7 Nov. 2017 (i.e. the date of publication of Notification in the Official Gazette), containing e-form AOC-4 XBRL for ROC filing along with Taxonomy for preparing/ filing financial statements by certain companies u/s 137 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as under:

Companies (Filing of Documents/ Forms in XBRL) Amendment Rules 2017: MCA Notification dt. 6 Nov. 2017

G.S.R.1372(E).—In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 read with section 398 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015, namely:—

1. Short title and commencement. –

(1) These rules may be called the Companies (Filing of Documents and Forms in Extensible Business Reporting Language), Amendment, Rules, 2017.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015 (hereinafter referred to as the principal rules), for rule 3, the following rule shall be substituted, namely:—

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

(i) companies listed with stock exchanges in India and their Indian subsidiaries;

(ii) companies having paid up capital of five crore rupees or above;

(iii) companies having turnover of one hundred crore rupees or above;

(iv) all companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015:

Provided that the companies preparing their financial statements under the Companies (Accounting Standards) Rules, 2006 shall file the statements using the Taxonomy provided in Annexure-II and companies preparing their financial statements under Companies (Indian Accounting Standards) Rules, 2015, shall file the statements using the Taxonomy provided in Annexure-II A:

Provided further that non-banking financial companies, housing finance companies and companies engaged in the business of banking and insurance sector are exempted from filing of financial statements under these rules.”.

3. In the principal rules, for Annexure-I, the following Annexure shall be substituted, namely:—

“Annexure- I

(see Rule 3)

FORM NO. AOC- 4 XBRL 

[Pursuant to section 137 of the Companies Act, 2013 and rule 12(2) of Companies (Accounts) Rules, 2014]

Form for filing XBRL document in respect of financial statement and other documents with the Registrar

(contd… please refer above attachment containing 1216 pages for format/ details)

4. In the principal rules, after the Annexure-II, the following Annexure shall be inserted, namely:- 

“Annexure- II A

(see Rule 3)

(contd… please refer above attachment containing 1216 pages for details)

Note:—The Principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i) vide notification number G.S.R .692(E), dated the 9th September, 2015 and was amended vide notification number G.S.R. 397(E), dated the 4th April, 2016.

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