ABC Ltd. has not satisfied any conditions specified as per section 137 of the Companies Act for current financial year. The company has filed financial statement as per XBRL Taxanomy for the previous financial year. Is A

As per Rule 3 of the Companies (Filing of Documents and Forms in XBRL) Rules, 2015, the companies which have filed their financial statements as per XBRL taxonomy for the previous financial year under Rule 3(1) of the said Rules shall continue to file their financial statements and other documents in XBRL taxonomy though they may not fall under the class of companies specified therein in succeeding years. Hence, as per the above provisions ABC Ltd. though has not satisfied any conditions specified as per Section 137 of the Companies Act, 2013 for current financial year, yet the company is required to file financial statements as per XBRL Taxonomy for the current financial year as it has filed the financial statements as per XBRL Taxonomy for the previous financial year.