Expert XBRL Consultant in Gurgaon / Gurugram / Haryana

AOC-4 XBRL Taxonomy

In India, XBRL taxonomy is categorized based on the reporting requirements and the regulatory authorities. The main types include:

1. Ind AS Taxonomy: Based on Indian Accounting Standards (Ind AS), this taxonomy is used by companies that follow Ind AS for financial reporting, ensuring compliance with the standards aligned with IFRS. As an Expert XBRL Consultant in Gurgaon / Gurugram / Haryana we help you to identify right XBRL Taxonomy for your company.

2. C&I Taxonomy: Known as the Commercial and Industrial taxonomy, it is used by companies for the general purpose financial reporting, mainly for filing with the Ministry of Corporate Affairs (MCA) through forms like AOC-4 XBRL. Indiaxbrl will help to file AOC-4 XBRL for your company in Gurgaon / Gurugram / Haryana.

3. Banking and Insurance Taxonomies: Tailored for entities in the banking and insurance sectors, these taxonomies are used for regulatory reporting to authorities like the RBI and IRDAI.

Each taxonomy addresses the specific reporting requirements of its sector, enhancing uniformity, accuracy, and regulatory compliance in financial disclosures across Indian industries.

AOC-4 XBRL Applicability

The AOC-4 XBRL form is a mandatory filing requirement prescribed by the Ministry of Corporate Affairs (MCA) in accordance with Companies Act, 2013 for specific classes of companies to submit their financial statements in XBRL (eXtensible Business Reporting Language) format. The applicability of AOC-4 XBRL filing is as follows:

1. Listed Companies:
   All companies listed on any stock exchange in India must file their financial statements and other documents using the AOC-4 XBRL form. IndiaXBRL as an Expert AOC-4 XBRL Consultant in Gurgaon / Gurugram / Haryana will help you to prepare and file AOC-4 XBRL with MCA for your NSE/BSE Listed Company.

2. Unlisted Public Companies:
   Unlisted public companies with a paid-up share capital of ₹5 crores or more must comply with AOC-4 XBRL filing requirements for your company registered in Gurgaon / Gurugram / Haryana.

3. Companies with Borrowings:
   Any company (public or private) with borrowings of ₹100 crores or more from financial institutions, banks, or debenture holders is required to file in XBRL format.

4. Companies Following Ind AS:
   Companies that have adopted Indian Accounting Standards (Ind AS) for their financial reporting are also mandated to file AOC-4 XBRL.

AOC-4 XBRL Exemption

Certain classes of companies are exempted from filing their financial statements in the AOC-4 XBRL format as prescribed by the Ministry of Corporate Affairs (MCA) in guidance with provision of Companies Act, 2013. The key exemptions include:

1. Small Companies:
   Companies classified as "small companies" under the Companies Act, 2013 are exempt from filing AOC-4 XBRL. IndiaXBRL will help to make compliance with MCA for Small Companies in Gurgaon / Gurugram / Haryana.

2. Private Companies:
   Private companies, unless they fall under the borrowing threshold (₹100 crores or more), are not required to file AOC-4 XBRL with MCA.

3. Companies Not Meeting Applicability Criteria:
   Public or private companies that do not meet any of the following criteria are exempt:

   • Listed on a stock exchange.

   • Paid-up capital of ₹5 crores or more (for unlisted public companies).

   • Borrowings of ₹100 crores or more.

   • Following Indian Accounting Standards (Ind AS).

4. Non-Banking Financial Companies (NBFCs) and Insurance Companies:
   NBFCs and insurance companies regulated by specific authorities like RBI or IRDAI may have different reporting frameworks and are often exempt from AOC-4 XBRL filing under MCA norms.

5. Dormant Companies:
   Dormant companies that are not actively carrying out any business operations are exempt from AOC-4 XBRL filing as per MCA Guidelines.

XBRL Consulting

IndiaXBRL is a Top XBRL consulting firm based in Gurgaon, Gurugram, Haryana dedicated to simplifying the complexities of financial reporting for businesses. We offer tailored solutions to ensure XBRL compliance with regulatory requirements, including the Ministry of Corporate Affairs (MCA), National Stock Exchange, Bombay Stock Exchange and other authorities.

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Our Expertise:

• AOC-4 XBRL Filing: We specialize in the accurate preparation and filing of AOC-4 XBRL forms, ensuring compliance with MCA regulations.

• Taxonomy Mapping: We help map your financial data to the appropriate XBRL taxonomy, such as Ind AS or C&I, for precise reporting.

• Data Tagging & Validation: Our experts ensure that all data is correctly tagged and validated, eliminating errors in reporting.

• Customized Solutions: Whether you are a listed company, an Ind AS filer, or meet the specific applicability criteria, we provide services tailored to your requirements.

Why Choose IndiaXBRL?

• Expert Team: Our consultants have extensive experience in XBRL frameworks and regulatory compliance.

• Accuracy & Timeliness: We ensure error-free filings, meeting deadlines to avoid penalties.

• Hassle-Free Process: From data preparation to submission, we handle the entire filing process so you can focus on your core business.

• Proximity & Accessibility: Based in Gurgaon, we are easily accessible to businesses in the NCR region and beyond.

With IndiaXBRL, businesses can trust that their AOC-4 XBRL filing and compliance needs are managed with precision and professionalism. Whether you're new to XBRL or seeking to streamline your compliance process, IndiaXBRL is your go-to partner in Gurgaon / Gurugram / Haryana for expert XBRL consulting services