XBRL Filing in India
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- Name Approval + COI + PAN + DSC + DIN
- Customized Draft LLP Agreement
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Accurate Financial Statements
Legal Pillers offers you accurate Financial Statements for your Business-related purposes.
100% Secure
Through the process, we maintain our client information secure with higher technology of information security management.
CostEfficient
By automating the reporting process, XBRL reduces the time and resources required for preparing and submitting financial statements.
Dedicated Online Support
Our team is committed to providing ongoing support, ensuring that you remain in compliance with all relevant regulations, all accessible through our convenient online platform.
What is XBRL Filing Online?
Accurately validating the files is a prerequisite earlier than submitting the balance sheet and profit loss account at the MCA platform. The Companies (Filing for documents and forms in XBRL) Rules, 2017, provided that certain classes of companies must mandatorily file their financial statements and other mentioned documents under Section 137 of the Companies Act, 2013, with the ROC in form AOC-4 XBRL. The XBRL filing online provides benefits in analyzing, preparing, and communicating business information. It is used for communicating Financial Data around the world.
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Eligibility Criteria for XBRL Filing in India
To start with XBRL Registration, you have to check given criteria first:
- Every public company listed on Indian Stock Exchange
- Business with revenue of more than Rs. 100 crore
- Company with equity capital of more than Rs. 5 crore
- Businesses which require to prepare financial statements acc. to the Companies Act
Documents Required for Filing XBRL In India
To begin the registration procedure for an XBRL Filing, following documents are provided
- Balance Sheet
- Statement of Cash Flow
- Statement of profit and loss
- Idea of subsidiaries
- Board's Report, Annual & Audit report
- Directors Report
- Consolidated Financial Statements
- NOC from Office Owner
- Comments of CAG of India
XBRL Filing Process
Following is XBRL Registration Process-
Consultation
Our experts start with consultation and required documents from you.
Implementation of Documents
We analyse the financial statements and determine the suitable taxonomy to be used.
Submission & Approval
After preparation of financial reports, we submit your detailed documentation for approval.
Benefits of XBRL Filing Registration Online
Legal Recognition
An LLP is a legal entity from its partners. It can have its own assets, enter into contracts, and sue or be sued in its name and enhanced credibility.
Avoidance of Errors
XBRL eliminates manual data entry, reducing the risk of errors and ensuring consistency in financial reporting.
Saving of Money and Time
By automating the reporting process, XBRL reduces the time and resources required for preparing and submitting financial statements.
Global Recognition
XBRL is recognized and used worldwide, making it a universal standard for financial reporting.
Efficient and Quick
With XBRL, data can be extracted and analyzed quickly, allowing for faster decision-making and regulatory compliance.
Legal Safeguard
Registration provides certain legal protections to the organization and its members, helping to resolve disputes and conflicts within the organization.
Simple & Easy Pricing.
Basic Plan
2499*
- Name Approval
- COI of LLP.
- PAN of LLP
- DIN & DSC
- Draft Agreement
- CA/CS Support
Premium Plan
16999*
- All Include in Basic
- GST Registration
- MEME registration
- Trademark Consultation
- Billing Invoice Formats
- ROC Compliance Support
- ITR Filing Support
- Lifetime CA/CS Suppoprt
Standard Plan
4999*
- Name Approval
- COI of LLP.
- PAN of LLP
- DIN & DSC
- Draft Agreement
- CA/CS Support
- GST Registration
- MSME Registration
Types of Forms in XBRL Filing
The Companies (Filing for documents and forms in XBRL) Rules, 2017, provides that certain classes of companies must mandatorily file their financial statements and other mentioned documents under Section 137 of the Companies Act, 2013, with the ROC in form AOC-4 XBRL. Here is a list of Forms that need to be mandatorily filed when filing XBRL.
More Details
Form AOC-4
It is used for Filing Annual Accounts in the XBRL format. It should be filed 30 days after the AGM ends and signed by a qualified chartered accountant or practicing company secretary.
Form AOC-4 (XBRL) for IND AS financial statement
The Filing of these Annual Accounts is based on the Indian Accounting Standard in XBRL mode. It should be filed 30 days after the AGM ends and signed by a qualified chartered accountant or practicing company secretary.
Form CRA-4
It is used for Filing of Cost Audit Report and should be filed after 30 days of receipt of the Cost Audit Report.
Form AOC-4 (NBFC) IND and Form AOC-4 CFS (NBFC) IND
It is used for Filing of Annual Accounts based on the Indian Accounting Standard for Non-Banking financial institutions
(NBFC). It should be filed 30 days after the conclusion of the
AGM Meeting.
What is LLP Company Registration?
A Limited Liability Partnership (LLP) was first introduced in India in 2008. The Limited Liability Partnership Act, 2008 governs LLPs in India. It is a partnership-based firm founded by at least two partners who signed the LLP agreement. It is considered easy to incorporate because not every partner is liable for any other partner's wrong conduct or carelessness. The rights and obligations of the selected partner are covered in the LLP agreement. They are the sole responsible party to ensure compliance with all provisions of the LLP Act, 2008 and other requirements outlined under LLP Agreement. However, the members of an LLP are not liable for any losses, and the LLP has perpetual succession, just like a private limited company. This registration was executed in India in January 2009 and has been a great success for all professional services and startups. LLP was introduced to offer business benefits such as easy to maintain and assist partners by providing them with limited liability. To register a LLP, one requires connect with Legal Pillers so that they can easily get approval by sitting at their home.
How to select name of LLP?
Select a name that is unique and isn't used by other companies. This will make it easier to get approval and help establish your Company's identity. Use the words that clearly explain the services you offer. This will help people identify the products or services you offer. You must end your LLP name by adding 'LLP' and 'Limited Liability Partnership.' This is essential to display your Company's organizational structure.
Process to get LLP company Registration
Step 1: Very first have to apply for Digital Signature Certificate (DSC). Government certified authorities are liable to make DSC. We are authorised partners and our DSC specialist will apply DSC of both Designated partners.
Step 2: File for Name Approval: In parallel, we verify if the name you'd like for registration is already in use and then reserve this for the LLP. You can find out about name availability on MCA's portal. The name's approval is granted through the registry only when the central government doesn't consider it to be undesirable.
Step 3: One expert will call you and discuss with your regarding all necessary information and other documents. On the basis of information, he or she will prepare documents to be signed by designated partners.
Step 4: Thereafter, our expert will file application for incorporation of LLP under FiLLiP form with MCA. The recent amendment of 2023 made the changes of applying for PAN, TAN and LLPIN (Limited Liability Partnership Identification Number).
Step 5: Request the Certificate of Incorporation After submitting the application with all the required documents, the Registrar of Companies (ROC) must inspect and confirm the application before issuing a Certificate of Incorporation after verification.
Step 6: Once we will get approval from MCA for LLP Formation thereafter will draft a LLP Agreement. LLP agreement commands the mutual rights and responsibilities among the LLP and its partners. It must be filed within 30 days of the date of incorporation. The user is required to complete Form 3 (information regarding the LLP agreement) on the MCA Portal. The LLP Agreement requires to be printed on Stamp Paper. The value of Stamp Paper varies in every state.
Necessary Forms in LLP Registration
FiLLiP- Formula for incorporation of LLP
Form 2A- Information about designated partners and other partners in LLP
Form 3- Information on LLP agreement
Form 8 - Statement of Solvency and Account
Form 11 - Yearly Returns for Limited Liability Partnership (LLP)
Form 17 - Application and declaration for the transformation of a company into LLP
form 18 - Application and statement to convert a private/unlisted public company into an LLP
Form 24 - Demand to Registrar of Companies for striking off the name of LLP
| Features | Proprietorship | Partnership | LLP | Company |
|---|---|---|---|---|
| Meaning | A business entity that is not registered and controlled by a single individual. | An agreement in writing between at least two parties that allows them to oversee and operate a company | A Limited Liability Partnership is a hybrid with characteristics similar to a partnership company and liabilities identical to those of a corporation. | Registered entity type with restricted liability to its shareholders and the owners. |
| Owner | Sole owner | min 2 person required | Designated Partners | Shareholders: 15 Directors to 200 Directors |
| Requirement of Compliance | Income tax filing for turnover is more than Rs.2.5 lakhs | ITR 5 | Form 8, Form 11, ITR 5 | ITR 6, Auditor?s appointment, MCA filing |
| Transferability | Non Transferable | Transferable if ROF registered | Transferable | Transferable |
| Supporter Liability | Unlimited Liability | Unlimited Liability | Limited Liability | Limited Liability |
'LLP is newly introduced concept under Companies Act, 2013, its a combination of Partnership firm and Private Limited company. The best part of LLP is less compliance and Easy maintenance. In LLP Auditor appointment is not mandatory till turnover of rs. 40 Lakh. Also the costing for other compliances is quite less as compare to other kind of Companies. LLP of Registration is strongly recommended to those who are service providers.'
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All TestimonialsGood work, I am happy with services - Legal Pillers for providing best services for 12A80G in economical prices and in a good speed way. The co-ordination between various team members is also remarkable. Even they all continuously follow up with calls and messages regarding the processes. Also one more good point is all the services are under one umbrella. Special thanks to Shweta, Kalpana, Priya & all the backend team member for execution.
By Vinay Dave
Empower Charitable Trust
It is really one of the best team, which give lot of respect in dealings and help us at every moment. Thank you legal pillers for helping us at every small steps.
By Deepak Kabra
Evolve Sang Foundation
"Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor."
Adi Swarup Patnaik
Amaravati Finsuraksha Nidhi Limited
We are from Hyderabad, Telangana State. We have taken Services of "Legal Pillers" for New Private Ltd Company Registration. We are extremely satisfied and delighted with their services. They are sincere, experienced and committed. Unquestionable Integrity. Our Interaction was with Ms.Sneha, Mr.Rohit and Ms.Jyostna, excellent team and keeps their word.
By Suresh Abraham
LOGOS EXPORT AND TRADING (P) LTD.
Very corporative and guides you in a proper way. This was my first time doing online legal services and out of all fear I had it turned out a boon for me. Hope you people keep the services same in future to. For a new startup u can believe them. Thank you once again
By Munna Prasad Gupta
Epicenter Innovations (P) Limited
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
By Aftab Ahmed Mulla
Czarlike Global Trade Source (OPC) P. Ltd
Good work, I am happy with services - Legal Pillers for providing best services for 12A80G in economical prices and in a good speed way. The co-ordination between various team members is also remarkable. Even they all continuously follow up with calls and messages regarding the processes. Also one more good point is all the services are under one umbrella. Special thanks to Shweta, Kalpana, Priya & all the backend team member for execution.
By Vinay Dave
Empower Charitable Trust
It is really one of the best team, which give lot of respect in dealings and help us at every moment. Thank you legal pillers for helping us at every small steps.
By Deepak Kabra
Evolve Sang Foundation
"Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor."
Adi Swarup Patnaik
Amaravati Finsuraksha Nidhi Limited
We are from Hyderabad, Telangana State. We have taken Services of "Legal Pillers" for New Private Ltd Company Registration. We are extremely satisfied and delighted with their services. They are sincere, experienced and committed. Unquestionable Integrity. Our Interaction was with Ms.Sneha, Mr.Rohit and Ms.Jyostna, excellent team and keeps their word.
By Suresh Abraham
LOGOS EXPORT AND TRADING (P) LTD.
Very corporative and guides you in a proper way. This was my first time doing online legal services and out of all fear I had it turned out a boon for me. Hope you people keep the services same in future to. For a new startup u can believe them. Thank you once again
By Munna Prasad Gupta
Epicenter Innovations (P) Limited
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
By Aftab Ahmed Mulla
Czarlike Global Trade Source (OPC) P. Ltd
How Legal Pillers Help in XBRL Filing in India?
With India's most recognized Legal Tech platform, we maintain our client information secure with information security management. Through our CA/CS/Advocates, you can File your XBRL in India.
XBRL fees at Legal Pillers are affordable and reasonable. Our Portal offers multiple affordable prices for XBRL Filing Fees.
More DetailsFAQs
Find answers to the most popular questions asked to us.
XBRL, or eXtensible Business Reporting Language, is a standardised language for digital commercial business and financial data information's communication. It provides a framework for tagging financial information in a format easily shared across different systems and platforms.
To open an XBRL file, specialised software or a viewer supports the XBRL format. Various XBRL viewer applications are available, free and paid, allowing you to view and analyse XBRL documents.
To convert an XBRL file to PDF, you can use dedicated software or online conversion tools. These tools can take the XBRL data and generate a PDF document with the relevant financial information.
XBRL tags are unique identifiers assigned to specific elements in a financial report. These tags categorise and define individual pieces of economic data, making it easier to process and analyse information across different platforms.
Regulatory authorities typically require XBRL reporting for companies that must submit financial statements.
XBRL compliance means adhering to the standards and regulations set forth by regulatory authorities to submit financial reports electronically. It involves properly tagging financial data using XBRL taxonomy and ensuring accuracy and completeness in the reporting process.
XBRL is used by many stakeholders, including regulatory authorities, financial analysts, auditors, and businesses. It facilitates an efficient and standardised exchange of financial information, streamlining the reporting process.
Yes, a CA or CS is required to verify and certify the incorporation documents of the XBRL.
Converting XBRL to Excel involves using specialised software or online tools to extract the data from the XBRL file and generate an Excel spreadsheet.
The procedure for XBRL filing involves several steps, including: Ensure the financial statements are prepared according to XBRL standards. Assign XBRL tags to each element in the financial statements. Use XBRL validation tools to check for accuracy and compliance. Create the XBRL file containing the tagged financial data. Submit the XBRL file to the relevant regulatory authority.
Every public company listed on the Indian stock exchange Every business with revenue of more than Rs.100 crore Any company with equity capital of more than Rs.5 crore Every business that is required to prepare their financial statements according to the Companies Rules, 2015.
XBRL Taxonomy is the heart of eXtensible Business Reporting Language (XBRL) that defines the specific elements and relationships used in financial reporting.
Using XBRL for financial reporting offers improved accuracy, standardised data exchange, enhanced transparency, quicker analysis, and reduced compliance costs.
Some authorities may require quarterly reporting, while most require annual submissions.
Q14: Can I use XBRL for internal reporting purposes? Many companies use XBRL for internal reporting to improve data accuracy, facilitate analysis, and streamline internal processes. It can be a valuable tool for financial management and decision-making. Q15: What happens if I miss the XBRL filing deadline? Missing the XBRL filing deadline can lead to penalties and fines mentioned above, imposed by regulatory authorities.