XBRL Filing Applicability Criteria

Vide MCA General Circular No: 16/2012 dated 06.07.2012, a select class of companies

  • All companies listed with any Stock Exchange(s) in India and their Indian subsidiaries; or
  • All companies having paid up capital of Rupees five crore and above; or,
  • All companies having turnover of Rupees one hundred crore and above; or
  • All companies who were required to file their financial statements for FY 2010-11, using XBRL.

and whose accounting year commences on or after 01.04.2011 are mandated to file their financial statements in XBRL using the taxonomy based upon new Schedule VI of the Companies Act, 1956. However, Banking, Power, NBFC and Insurance Companies are exempted from XBRL filing till further order.

Companies (with accounting year commencing before 01.04.2011) mandated as per MCA Notification dated 05.10.2011 shall file their financial statements in XBRL using the earlier C&I Taxonomy (based upon old Schedule VI).