MCA vide notification dated 9th September 2015 has issued the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2015. The key highlights of the rules is outlined below:

• Following class of companies shall file their financial statement and other documents under section 137 of the Act, with the Registrar in e-form AOC-4 XBRL for the financial years commencing on or after 1s' April, 2014 using the XBRL taxonomy given in Annexure II to the Rules, namely:-
  1. all companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or
  2. all companies having paid up capital of rupees five crore or above;
  3. all companies having turnover of rupees hundred crore or above; or
  4. all companies which were hitherto covered under the Companies (Filing of Documents and Forms in Extensible Business Reporting Language) Rules, 2011:

     Provided that the companies in Banking, Insurance, Power Sector and Non-Banking Financial companies are exempted from XBRL filing.

     Under the erstwhile Companies Act 1956, similar classes of companies were required to do the XBRL filing:

• A company required to furnish cost audit report and other documents to the Central Government under sub-section (6) of section 148 of the Act and rules made thereunder, shall file such report and other documents using the XBRL taxonomy given in Annexure-III for the financial years commencing on or after 1st April, 2014 in e-Form CRA-4 specified under the Companies (Cost Records and Audit) Rules, 2014.