X Ltd. is an unlisted and ₹200 crore networth company having paid up share capital of ₹ 4 crore and turnover of ₹ 90 crore as on 31 st March, 2019. Its networth increased to ₹300 crore in April 2019. The company seeks yo

The advise to X Ltd. on the each point should be as under: As per Rule 3 of the Companies (filing of Documents and Forms in Extensible Business Reporting Language) Amendment Rules, 2017 (XBRL) (Rule 3), 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 the Companies (Indian Accounting Standards) Rules, 2015. The benchmark is considered on the basis of the figures as on 31st March of the financial year, for which the documents are filed. Hence my advice would be: As none of the conditions mentioned in Rule 3 of the Companies (Filing of Document and Forms in Extensible Business Reporting Language) Amendment Rules, 2017 was satisfied, X limited need not file its financials in XBRL mode for FY2018-19.