Unlisted Resham Cements Ltd. had achieved a turnover two hundred crore in FY 2017-18 and had to file their balance sheet and statement of profit and loss in XBRL mode. Gradually their turnover started declining due to in

Pursuant to Rule 3 of the Companies (Filing of Documents and Forms in XBRL) Rules, 2015 the following class of companies shall file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-Form AOC-4 XBRL: companies listed with stock exchanges in India and their Indian subsidiaries; companies having paid up capital of five crore rupees or above; companies having turnover of one hundred crore rupees or above; all companies which are required to prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015. The companies which have filed their financial statements under sub-rule (1) of Rule 3 of XBRL Rules, shall continue to file their financial statements and other documents though they may not fall under the class of companies specified therein in succeeding years. Hence, unlisted company Resham Cements Ltd. has to continue filing financial statements in XBRL mode in current FY 2023-24 also. The view of accountant of the company is not tenable.