Dear Sir,
We have prepared form AOC-4 for one of our companies having paid up capital of Rs.2.98 cr. and turnover of Rs.64.00 Cr. However, the MCA portal is asking to file Form AOC-4 XBRL. Is it compulsory? What is the reason?
Ajay Pendse (Service) (86 Points)
02 December 2017Dear Sir,
We have prepared form AOC-4 for one of our companies having paid up capital of Rs.2.98 cr. and turnover of Rs.64.00 Cr. However, the MCA portal is asking to file Form AOC-4 XBRL. Is it compulsory? What is the reason?
Luvish Jain
(Tax Consultant)
(507 Points)
Replied 02 December 2017
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:
so i guess if u r not covered under above 3 points u might be covered under 4th point kindly check,